re: 529 milestones for Junior

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Pre-k’er: $105k
4 year old: $94k
5 month old: $32k

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Out of curiosity, where do you see your kids attending school? Why so much?

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used some online calculator from Schwab. $100k in 1st grade gets me to where it says I should be for my kid to go to an out of state public school. Tough balance between saving enough and not saving too much.

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This was my strategy. Find the shite out of it early and hopefully let it ride. I’ve stopped contributing to all 3. The benchmark we used was approx out of state public school. Approx 50k a year

I hope all three go to a 4 year public university of their choice. Realistically, one probably won't go at all, and one may go somewhere private and more expensive. My posting amounts was to exemplify power of investing. I didn't really fund a huge relative amount, just did it early and letting it grow. My oldest kid's account has nearly $70K in market growth at the moment.

It's painful to part with that much at birth, but it's been a good strategy for us so far.

We started through payroll deduction at my wife's job about 9 years ago. I think we've done the max of the allowable state deduction for both of our kids.

Daughter starts college next year. Son just a little behind that.

Daughter got a good scholarship to an in-state school that covers housing and tuition. Got into several other schools that offered something, but not nearly that much. She has a real opportunity to finish undergrad and even graduate school with zero debt.

We'll continue to contribute for the next few years, which should have us in a spot where if needed, each kid will have access to about 50k each.

We have drilled into their heads the cost of living of the lives they want to have in an effort to get them to grasp this huge advantage they have - not having student loan debt. I am absolutely not paying anything beyond the 50k each that I have saved for them. It is their responsibility to take advantage of this opportunity.