#529-plan

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from24/7 Wall St.
1 month ago

We're financially ready to retire, but are parents really spending $25k per year extra during college?

One Redditor suggested putting $50,000 into a 529 plan the day your child is born and then forgetting about it. Of course, you have to put the money into a good ETF for the funds to compound, but if you do that, you may have enough money for your child's college education.
Retirement
Retirement
from24/7 Wall St.
2 months ago

$40K used cars, $200K in 529s, and $20K+ a year in extras-are we underestimating the real cost of college years?

The Reddit user questions if $200K for college savings is enough amidst rising support costs from other parents.
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