My 12 y/O's 529 has a balance of $160k right now. I'm currently maxing out the IRS annual limit per year ($36k; $18k from me and $18k from my spouse). I should end the year around $190k. Realistically I can afford to cash flow a decent chunk of their college when the time comes but I like the idea of making my money work harder until then. I'd love to be able to fully cover their costs but I'm worried about over funding it at the same time. Interested in feedback on how I might think about this.
Submitted March 05, 2024 at 12:31AM by JustAGuy10024 https://ift.tt/j1Ds2u3
