- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 6/15/15 at 7:13 pm to threeputt
None, trade school or military it is
Posted on 6/15/15 at 7:15 pm to threeputt
$100/mo in 529 for 1 kid.
For birthdays and Christmas we ask family to put money in the 529 Rather than buy clothes or toys.
For birthdays and Christmas we ask family to put money in the 529 Rather than buy clothes or toys.
Posted on 6/15/15 at 7:25 pm to threeputt
I have 3 left to put through college. One is 12 and twin 6 year olds. What I did was set a number ($100k per child) to have in an account by the time they graduate high school. I got a late start on all 3. So, I put $2,600/month into a Capital One 360 account. I didn't do the 529 because I am under the impression it would have to be used on education expenses. However, in a savings account I can have a nice windfall of they choose not to go or get scholarships!
Posted on 6/15/15 at 7:34 pm to yellowfin
quote:
I'd like to have 200k per kid
Good lord. Looking back, I would've been pissed if my parents would have wasted that kind of money on my college education
Posted on 6/15/15 at 7:41 pm to snake23
$170/month into a Schwab ESA
SWDRX, the target date 2030 plan
SWDRX, the target date 2030 plan
Posted on 6/15/15 at 7:48 pm to CypressTiger665
quote:
I didn't do the 529 because I am under the impression it would have to be used on education expenses. However, in a savings account I can have a nice windfall of they choose not to go or get scholarships!
Ok but the benefit of 529s is that they are not taxed if used for qualified college expenses. If your child gets a scholarship then you can use that money for books or room and board, transfer it to another child, save it to pay for their grad school or withdraw it and spend it on yourself.
Posted on 6/15/15 at 8:02 pm to snake23
I expect college to cost a lot more in 15 years than it did when I went.
Posted on 6/15/15 at 8:44 pm to threeputt
Enough. Girl should get a softball schollie regardless. Already been offered from one school.
This post was edited on 6/15/15 at 8:46 pm
Posted on 6/15/15 at 8:53 pm to Fat Bastard
We put a nice chunk from an inheritance back when the oldest was maybe 8 or 9? Can't remember. Due to the diligence and work ethic of the oldest, didn't spend much on him at all ... didn't even take it out of the 529 as we had the cash needed ($500/600 per semester maybe). Child #3 ought to be ok scholly wise which is a great thing as Child #2 may use a good bit of what we have in 529. He'll have TOPS but more than likely not the extra schollys that older brother/younger sister will have. He's not into nearly the extra curriculars that the others are.
That said, we didn't want to go overboard with money in 529 ... I don't want much left in it. We're taking care more for our retirement as they'll have options (loans if needed) for their education. We don't have that option for retirement.
I would like them graduating without debt if I can help them like our parents did for us. It was indeed much appreciated and we're trying to do the same.
That said, we didn't want to go overboard with money in 529 ... I don't want much left in it. We're taking care more for our retirement as they'll have options (loans if needed) for their education. We don't have that option for retirement.
I would like them graduating without debt if I can help them like our parents did for us. It was indeed much appreciated and we're trying to do the same.
This post was edited on 6/15/15 at 8:55 pm
Posted on 6/15/15 at 9:09 pm to Motorboat
No, only college. 
Posted on 6/15/15 at 9:22 pm to threeputt
I currently put 300/month. He is 2. Plan to increase that at some point, but it is a good start. Started 6 months before he was born
Posted on 6/15/15 at 9:51 pm to threeputt
I have $15000 put in a 529. We currently have two children but are planning for a third. Right now, I'm just putting a little in here and there. Once we get pregnant again, I'll systematically contribute 10% of my take home pay.
Hope this helps and good luck with your planning!
Hope this helps and good luck with your planning!
Posted on 6/16/15 at 1:50 am to 3morereps
i'm interested in the 529 plan. from what i understand this plan can only be used for college? what if child lives in another country? (aus), thanks
Posted on 6/16/15 at 6:54 am to tiger91
quote:
We put a nice chunk from an inheritance back when the oldest was maybe 8 or 9? Can't remember. Due to the diligence and work ethic of the oldest, didn't spend much on him at all ... didn't even take it out of the 529 as we had the cash needed ($500/600 per semester maybe). Child #3 ought to be ok scholly wise which is a great thing as Child #2 may use a good bit of what we have in 529. He'll have TOPS but more than likely not the extra schollys that older brother/younger sister will have. He's not into nearly the extra curriculars that the others are.
yeah we will have TOPS if we stay in state as well. Might be some other programs available as well. I can always pay some of the difference. That's the plan. They help themselves and I will help them. I do not want them swamped in student loan debt. no need for that.
This post was edited on 6/16/15 at 6:56 am
Posted on 6/16/15 at 7:37 am to threeputt
we did 5500 in a 529 plan and will probably add a few thousand over the next couple of years. I figure we will encourage him to stay in state so this should leave him with enough to cover incidentals if he is an in state student. I also expect the tuition bubble to pop between now and then which should help things.
This post was edited on 6/16/15 at 7:58 am
Posted on 6/16/15 at 8:16 am to Fat Bastard
I'm guessing our oldest is pretty appreciative ... he's now on a grad assistantship at LSU and every time I ask if he needs money or to go grocery or clothes shopping he says "I'm good" ... damn boy, I'm trying to give you money! lol Guess I should be grateful but it's the mom in me ...
Posted on 6/16/15 at 8:18 am to Fat Bastard
quote:
yeah we will have TOPS if we stay in state as well
mine are too young for me to count on TOPS still being around
Posted on 6/16/15 at 8:51 am to Gorilla Ball
LINK found the above link with quick google search, hope this helps.
Posted on 6/16/15 at 9:42 am to threeputt
None. Until I get to the point where I have fully maxed out all retirement options and I have a year of income in savings, I won't be, either.
Who knows what college will look like in 10-15 years. But I am certain paying cash at that point, or scholarships, or grants, or student loans, will be an option.
But I fully believe that, when the time comes to it, my kids will go to an in-state public university, unless they get close to a free ride somewhere else. Unless you are in high finance or trying to get into a top flight grad school, paying private school money for a 4 year degree is stupid.
Who knows what college will look like in 10-15 years. But I am certain paying cash at that point, or scholarships, or grants, or student loans, will be an option.
But I fully believe that, when the time comes to it, my kids will go to an in-state public university, unless they get close to a free ride somewhere else. Unless you are in high finance or trying to get into a top flight grad school, paying private school money for a 4 year degree is stupid.
Page 2 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News