tag:blogger.com,1999:blog-2445523662180116681.post1375191582925163032..comments2024-03-28T11:03:40.184-07:00Comments on The Hawaii Plan: Switching the boys college accountsHawaii Plannerhttp://www.blogger.com/profile/04760426766801381563noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2445523662180116681.post-29578549955397944552015-11-06T07:47:26.244-08:002015-11-06T07:47:26.244-08:00Exactly! I don't exactly blame the WA plan cre...Exactly! I don't exactly blame the WA plan creators for not having predicted that outcome. ;-) We need to get ourselves motivated to start putting more in. Compound interest & all that. :-)Hawaii Plannerhttps://www.blogger.com/profile/04760426766801381563noreply@blogger.comtag:blogger.com,1999:blog-2445523662180116681.post-78007360747610108952015-11-06T07:46:46.031-08:002015-11-06T07:46:46.031-08:00I know - the unknown part of how much to save is t...I know - the unknown part of how much to save is the real challenge here. I think we'll do something similar to you - invest partially in a 529, and keep the rest in liquid funds, in the event we over save (unlikely), or they don't need as much. Hawaii Plannerhttps://www.blogger.com/profile/04760426766801381563noreply@blogger.comtag:blogger.com,1999:blog-2445523662180116681.post-64718056426994267932015-11-06T05:06:29.313-08:002015-11-06T05:06:29.313-08:00Wow, who would have anticipated that problem? Low...Wow, who would have anticipated that problem? Lower tuition? <br /><br />We are investing in 529 Plans. I stress about college savings on a regular basis. My oldest has 60K in her account, which would cover 4 years of tuition at today's rates (local U tuition is 14K per year). I just hope we can keep up with tuition hikes and have some extra saved for room & board by the time she is ready for college in four years.Ms. Morelesshttps://www.blogger.com/profile/05254210551387134202noreply@blogger.comtag:blogger.com,1999:blog-2445523662180116681.post-2722164809776913932015-11-04T14:28:17.303-08:002015-11-04T14:28:17.303-08:00I meant to say too, that since we weren't able...I meant to say too, that since we weren't able to put $ away when they were babies and younger than 9(though they did have some savings bonds) we only invested part of the money instead of investing it all...kept some semi-liquid. It was a good thing too since the Recession hit right before oldest went to college and the invested portion took a big hit. But we left that in and drew from the non-invested funds until it recovered(in the nick of time!)so we didn't take a bath in the market on the college money.slugmamahttps://www.blogger.com/profile/12728856166374248591noreply@blogger.comtag:blogger.com,1999:blog-2445523662180116681.post-39425574537050390602015-11-04T14:24:39.046-08:002015-11-04T14:24:39.046-08:00Hubs got an annual Bonus in his job so since 2000,...Hubs got an annual Bonus in his job so since 2000, 9 years before our oldest went to college, we put that whole amount away for college every single year until 2013.<br /><br />I don't envy you having to fund for college for younger kids now. I am so glad we are almost done with this phase of our lives. Since 2009(the first year we had a kid in college)the costs at a state school in PA have risen at least (some years it was more). What we put away just hasn't kept up with inflation so we had to add more to it for the last one.<br /><br />By the time your boys are ready to attend the face and form of college may be unrecognizable compared to what it presently is. This could be a good thing but best to keep socking away as much as you can until then.<br />slugmamahttps://www.blogger.com/profile/12728856166374248591noreply@blogger.com