{ "media_type": "text", "post_content": "Can you please share the age of your kid(s) and how much you’ve accumulated in their 529s to date?", "post_id": "616c037a860eda002a9025a7", "reply_count": 110, "vote_count": 8, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

Can you please share the age of your kid(s) and how much you’ve accumulated in their 529s to date?

likefunny
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

12 year-old ($137k) and 9 year-old ($106k). Contribute 5k/yr each plus I have a brokerage account going that will be shared between the two of them that has about $275k in it currently. Idea was to cover most (if not all of UG) with the 529 and the brokerage will cover anything else that we want to help them with.

8 yrs-old, $50K in 529 plan... estimating it grows to around $130K-$140K range till my child turns 18, with monthly contributions of around $500...Interesting choices to be made when the college time comes 😊

Recent IconRecent

13, 12, 10. $0, $0, $0.

likefunny

There are many ways to get to the same result. Seems like you have it under control and best of luck

like

9 year old and $45k. Aiming for $100k by 18 which should be easily achievable. Opened account at 2 month old and put in $200/month.

likehelpful

Yeah good luck. Loans today for kids that are tied to their parents are minimal. The burden has shifted to the parents so kids don’t rack up debt in college. As an example, my kid could get 5k a year in loans and I could pick up the rest of her costs as a parental loan at 6% interest. If I had wanted to go the loan route and of course the juice is running day 1 on those loans.

6 year olds, $110K each. We contribute $1k/kid/month. Not sure how long we’ll keep it up at that rate. An advisor told us when they were born to aim for $500K each by 18 to theoretically cover most of undergrad/grad. Truly insane.

likeuplifting

@CS1, isn’t there an upper range to the amount of money we can have in a 529 plan, something to the range of around $350K? Or does that differ from state to state plan?

Some of these amounts are insane. Aiming for $100k per child by the time they are 18. Any difference in cost they will have to come up with themselves.

like

10 year old; 180k

like

I don’t even have kids :(

3 year old; $0

like

95k (including earnings), 1yo. Created it in my name ~5 years before my child was born.

likesmart

You can open a 529 with you as the beneficiary. You can change the beneficiary later. Just watch out for the gift tax limit

like

13, $7500

like

3.5, $59k

likefunny

6 and 8, $0 respectively, I have yet to be able to find employment that pays for child care and to put a roof over my head, so I been broke ever since they were born.

likehelpful

10 months old. 5k so far. Going to start putting 10k at the beginning of every year starting next year.

like

I’ve been pretty aggressive. 5 yo, 80k. 1 yo, 35k. I will slow it down soon and let compound interest do the work.

like

$5k. Due in March!

like

Liar, must be in YOUR 529 😃

like

13k 2 year old

like

6 years: $60k 4 years: $45k Just do the best you can.

like

Can someone explain a dummy what the benefit of investing in 529 is vs some other vehicle?

like

Think Roth but for education expenses. Some states give tax deduction.

like

I’ll give you my breakdown, invested 12k initially when she was 1, added 4K twice and then let it grow. Have about 70k now she’s 18. She went out of state and got a 60k scholarship and it still costs me about 20k a year out of pocket on top of the 529 and scholarship

like

So you only invested 20k in total... Did you choose aggressive portfolio?

Almost 2 and 34k invested. Been doing 1k a month. Remember, early days when you get the most out of compounding.

like

3 year old, 1.5k total, $200 per month +Biden's child tax credits

like

Looking at all these posts I'm like "damn"! My kid better become a Tik Tok influencer.

like

Related Posts

Is it typical to have to return to a new project after taking parental leave?

@LAX and this family is letting their kid play games/videos out loud and I feel so much rage rn.. noise cancelling headphones aren't helping with this

like

Supply chain Folks. I have a friend who is looking to get back to work after maternity hiatus of a few years. She was a buyer. She wants to pursue CSCP. Will it help her chances of landing a job? Tks!

like

How do you teach a 4 yo when they start to lie? Today, my kid quickly put his lunch back into his box when his teachers turned around and lied to his teachers that he finished his food. They were even praising him on how quickly he finished his lunch today. And told us also that he finished all his food as well.

like

A bad feedback cycle, and other things I’m my life have led me to wanting to go back in adderall(was on it as a kid). The feedback was anonymous. Cont...

like
like

The internet has been scaring me about flying while pregnant. Any past/current moms who flew frequently? (For work or pleasure) Up to how many weeks in your pregnancy did you fly?

like

What’s up dad fam? Nanny vs. Daycare - we just had our second kid. Thoughts??

What are some good baby books. This is baby 2 so didn’t do baby shower and some of the things we did with our first, so would like something that is easily customizable and not too much work!

like

How do y'all approach a kid kicking the back of your seat on a flight without sounding like a dick to the parents?

like

Not sure if I should go to Quora or another bowl for the proper forum but I’ll start here. I am not from the US and taxes overwhelm me; the first few years I did them with TurboTax and it was fine but then I entered a domestic partnership and had a baby. I also bought a house (that I don’t live in), so I went to H&R Block to give it a try assuming they could advise me on optimizing my return, it seemed that they are completely transactional as the person is just typing numbers in a form (cont…)

like

Hi Everyone! My parents are visiting San Francisco next week. They are in their early sixties. What are some activities that they could do? They already have a wine tour lined up an hour outside of San Francisco. Any recommendations would be greatly appreciated. They just want to have a memorable trip. One of them has never been to San Francisco, nor the Bay Area before, and my other parent has not been in well over a decade.

like

When is the right time to tell people you’re going on paternity leave? Is 3 months in advance sufficient notice?

like

Just started working at a big law firm about 3 weeks ago in a completely different field than I expected nor wanted to be in (but I needed to start working asap). I’m just a baby lawyer but I can’t stop shaking the feeling that I don’t even want to be a lawyer. Is this just nerves? the environment? or is this an even normal feeling?

like

My ex fiancé from 5 years ago literally started following me and liked pictures on my insta. He’s married with a kid now. Like why? 🤦🏻‍♀️

likefunnyuplifting

Hi fishes. I am social work professional with 6 YOE in international NGOs. I am looking for opportunities in CSR / INGO /Consulting firms / Impact organisations. Please share if there are any leads. I have worked in Education, Skill development, Child protection, Health and Adolescent and youth empowerment domains. Preferred location : Bangalore, Mumbai

like

Pregnant and went for root canal treatment today. Just as the doc was finishing the procedure, I puked 🤮 my guts out. So embarrassed 😩

likefunny

Anyone have parents who constantly disapprove of your career choices? I’m trying to quit consulting for better WLB and pay but my dad gets mad every time I bring it up. I don’t know what to do.

likefunnyhelpful

When is the earliest you’d suggest taking a pregnancy test? Took one and got a negative result 9 days post ovulation but have read you should wait at least 10-12 days post ovulation? If so - why do tests claim “6 days before missed period?” Tryna have a pre-busy season baby problems 😂! Thanks in advance!

like

Feel pretty close to getting an offer I’m excited about, but also JUST found out I am pregnant. Any advice on how to negotiate my role in such a way that it accommodates my pregnancy/motherhood? Cont.

likehelpful

Additional Posts

SAP contractor hiring is broken. Everyone knows it. On one end we have customers paying good money for all levels of talent and on the other contractors are being j***d off by vendors and layers. It’s the classic case of a highly fragment and low NPS market. Anyone here wants to partner with me on creating a marketplace for sap contract work which charges a flat fee with transparent pricing and vetted contractors ?

like

Interviewed for Deloitte S&A Tech Strategy SC and got a verbal offer for Consultant instead. I negotiated the offer to 120K salary and 10K signing bonus. I’m a boomerang with 4 years ERP consulting but this past year I’ve been doing DEI Consulting. Spoke with former colleagues who rejoined Deloitte and got a much higher offer for SC. How do I go back to the recruiter to negotiate further? I suggested that I’d probably sign but need time to think. Now I’d like to go back and request 140k salary.

like

How many years do you have to work at LEK to be eligible for MBA sponsorship?

like

I work in the Human Capital space and manage projects. What is worth more - SPHR or PMP? Or do either count? Obviously want to make Director and eventually more...

like

Does your firm allow you to stay at “nice” hotels? (e.g. Four Seasons, St Regis)

like

Does it make sense to go back for an MBA (top 5) after being promoted to manager?...Maybe stick it out and do an EMBA down the road?

like

Is it typical to have to return to a new project after taking parental leave?

Hi Fishes! Did anyone in this bowl undergo an internship with D-USI before starting as a full time employee? If yes, can you share your internship experience?

like

Delta computers down at JFK. Maybe I'll get this vacation starts Ed early.

like

Will ACN let us expense a laptop riser? Have been having neck pain from looking down constantly

likehelpful

Any insight on CAIA? Difficulty and whether it impacts salary?

like

Views on ADL as a place to work esp in Middle East? Culture, leadership, pay? Evaluating an offer as Manager at ADL

like

What’s the hourly rate for a tech C?

like

Hi all, I am looking to switch in to BI development or Data Analytics domain. Currently I am working in an BI operations project. Can anyone here please give me a referral for such a project. I have a experience of 2 yrs and I am certified tableau desktop specialist having a very great learning curve.

like

ADVICE NEEDED: looking to transition into estate planning/private client - I have a tax background. How could I make myself more “marketable” for this practice? Any suggestions welcome

like

Anyone know contact t info for KPMG pension? My client stopped getting statements and can’t find their info

like

What is the base and total comp package for a fund controller at a small PE shop? HCOL

like
like

Is the MBB name really worth it over Big4, T2, Boutiques in terms of exit opps? Would love to hear from experienced hires who have insight into both types of exits (MBB vs other) to better comp and wlb (tech is ideal but any industry works). I know type of case work factors heavily into opportunities but how much does the MBB name really open? Is that name recognition worth leveling down to grind for another few years?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal