Re: How much to save for kids' college? And what about life insurance?
I opened CJ's 529 in January that is linked to my UPromise account. A percentage of the cost of certain items I buy is deposited in to his 529 quarterly. Along with my monthly contributions we are looking at around $2k a year. CJ is 2 1/2 years of age. I imagine that will take care of a large portion of his university expenses, but he will have to begin his own monthly contributions when he reaches working age.
There is no reason why CJ, or any child of working age, cannot work to contribute towards his/her educational fundings.
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