How much you are targeting to save for your kids education (529)? Percentage:
What does 100% mean? I am currently contributing $100 per month in CA
Use 529 calculator: https://www.fidelity.com/misc/college-savings/college_savings.html
$200 a month
Poll is not clear. Which target you are talking? What percentage? Percentage of salary? Doesn’t include all the possible answers. I don’t contribute at all. Every state is having different limits. My state is having no up front tax incentive at all other than growth is free.
so if your kid is let's say 2 years old and the cost of private college will be $X, then what what percentage of $X are you targeting to achieve?
I see. Definitely it is not clear in the question and lot of variables to consider and guess how much it may cost. Regardless of that may be planning to have around 50K by the time she goes to college. So i may put roughly 3 to 4k per year until i reach 15k of my contribution. My kid is 4 years old so have enough time to compound.
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Why is 100k the limit?
It's a percentage, let me update it