Since you have a deferrred comp and 401k, why not use the $30k to pay the roths 2009, 2010, and 2011. AND maximize your contributions to your 401k and Deferred comp (state 401k, my mom has one) for $15.5/year for each person, or as close as possible?
Basically increase your 401k contributions and stop saving for the Roth IRA for 3 years and you get a nice tax break and a HUGE retirement!
The kids can always get loans for college. Plus how I plan on doing it? I'm going to make my kids get loans and pay for them if they do well. 100%. If they flunk out or do poorly they can pay for it themselves. It will be a grading system of A and B = 100%. C = 50%, and D and F = 0%. Plus it will make them decide how important college is to them. They can go anywhere and as expensive as they want, if they study. If not, then heck go blow your own money.
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