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Thread: Too much $$$ in a 529 plan???

  1. #1

    Join Date
    Dec 2012
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    Illinois
    Posts
    736

    Default Too much $$$ in a 529 plan???

    So i am starting to wonder if there is a thing of having too much in a 529 plan. Any thoughts on a number?

    i have two kids and i have socked away already 90k for one who will go to college in 4.5 years. The other childs account has 60k in it and has 8.5 years until college. Is this going to be too much? Final numbers by college age look to be about $125k and 140k unless everything falls apart.

    But lets say they go to a state school or get a partial scholarship? Leaving a large dollar amount in the fund. Could i hold that account for my childrens children?
    11.80% for 2012, 24.79% for 2013, -5.13% for 2014 , 4.94% for 2015 WTF?, -0.04% for 2016 , 4.42% for 2017======= 6.81% six year average


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  3. #2

    Join Date
    Jul 2016
    Location
    Texas
    Posts
    1,339

    Default Re: Too much $$$ in a 529 plan???

    Quote Originally Posted by rktect1 View Post
    So i am starting to wonder if there is a thing of having too much in a 529 plan. Any thoughts on a number?

    i have two kids and i have socked away already 90k for one who will go to college in 4.5 years. The other childs account has 60k in it and has 8.5 years until college. Is this going to be too much? Final numbers by college age look to be about $125k and 140k unless everything falls apart.

    But lets say they go to a state school or get a partial scholarship? Leaving a large dollar amount in the fund. Could i hold that account for my childrens children?
    Good job in planning for their education. It all really depends on your children and where they go to college. If one doesn't need as much as set aside or decides not to go to school, the money can be transferred to another family member. See Chapter 8 of IRS Publication 970 on Qualified Tuition Plans (QTP) https://www.irs.gov/pub/irs-pdf/p970.pdf The section on Rollovers indicate eligible family members.

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  5. #3

    Default Re: Too much $$$ in a 529 plan???

    well in about 4 years you can adopt my kid if you want...
    mr anderson

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