Our target was halfway between our state school and an expensive private, or between 240 and 360 k in present dollars. We did the “fund five years from both of us all in one year” from an inheritance and some work RSUs when they were about a decade out, plus additional contributions over the years. They ended up at that expensive school, so we are likely to have to cashflow at least a semester.
We chose to use the 529 first, as we did have fully qualified expenses now, and we didn’t know what the future would look like. We also told kiddo that grad school or med school is on them.
You are in a different circumstance. You have two kids, and are nowhere near what a school would cost presently, so you know you have cashflow and you have 529 money to spend.
Two questions - what’s the rest of your financial picture like, and would you pay for med school if you didn’t have the 529?
We chose to use the 529 first, as we did have fully qualified expenses now, and we didn’t know what the future would look like. We also told kiddo that grad school or med school is on them.
You are in a different circumstance. You have two kids, and are nowhere near what a school would cost presently, so you know you have cashflow and you have 529 money to spend.
Two questions - what’s the rest of your financial picture like, and would you pay for med school if you didn’t have the 529?
Statistics: Posted by jackholloway — Wed Mar 05, 2025 1:55 am