I have twins which are 21 days old tommorrow.
My plans are 3 fold
1) we have a current investment in PRPFX which is for intermediate term savings (any need for between 3 years and 20 years). Any college savings goes to this general investment until kids start MS or HS. This fund is a dual emergency fund (we have 3 months expenses in bank, this fund would be months 4-36).
2) open 529's around age of 12 or 14. At this time I would expect PRPFX fund in #1 has enough to pay off mortgage if needed.
3) Possibly use other methods (mortgage payment) to fund college (if mortgage is paid off in less than 19 years).
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