How old will you be when your youngest go to college?
For my 2 kids 7 and 9, I have 230k now and no longer contributing. I think it’s enough if they both go to state college but if first one goes to private then we would need more funds. Since
my husband hits the retirement age when the younger goes to college. Withdrawing from 401k for college is an option for us since we have been maxing out on retirement plus Backdoor IRA all these years. I would prioritize maxing out retirement accounts before adding more $$ to 529.
For my 2 kids 7 and 9, I have 230k now and no longer contributing. I think it’s enough if they both go to state college but if first one goes to private then we would need more funds. Since
my husband hits the retirement age when the younger goes to college. Withdrawing from 401k for college is an option for us since we have been maxing out on retirement plus Backdoor IRA all these years. I would prioritize maxing out retirement accounts before adding more $$ to 529.
Statistics: Posted by Ccthealias — Mon Jul 15, 2024 11:35 am — Replies 17 — Views 1581