How Much Should You Have In A 529 Plan

The College Investor Audio Show · May 26, 2020 · 10m

How much you should be saving for college for your child? It's one of the biggest questions we get asked almost everyday. How much should we have in a 529 plan? How much should we save for college? How much do we need to worry about this? And the answer is tough - it depends.

The idea of a 529 College Savings Plan is great: you can contribute money into an account and it will grow tax free to someday pay for your child's education. And you can contribute a lot of money too (up to $300,000 in most states). That's not where the trouble arises.

The real trouble comes from rising tuition costs…