Personal Finance (Not Investing) • How much is enough in a 529 account?

OP,

How do you know that you can afford to pay for the college education when the time comes?

We had someone posted with 300K in 529s and 300K in tax advantaged accounts. Then, he was laid off before his kids go to college. He had no idea how long he will be unemployed and he need to use his investment to sustain his lifestyle.

KlangFool

This scenario is exactly why locking up a bucket of money upfront when one is flush with cash flow, makes sense. One has the satisfaction that no matter what the future brings, the kid's education has been taken care of. Or at least a large portion of it, based on the best assumptions one makes with the available information.

Statistics: Posted by BernardShakey — Sat Jul 27, 2024 8:56 am — Replies 23 — Views 1980