Monday, June 30, 2008

Charlie's 529 Plan


This is currently our only means of saving for Charlie's college education. I would guess that we contribute about 35 cents per night. At this rate, 35 cents x 365 days/yr x 16 years, we will have roughly $2,044 saved towards Charlie's education when he turns eighteen. The average cost of a 4 year education at a public university in that year is estimated to be $260,000. I am thinking we are going to fall slightly short of the mark.

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