Retirement and Saving for Children's College

[LMA]

I would recommend first making sure you max out your IRA. You can use your IRA to pay for qualified college expenses when the time comes. You want to max the IRA because only you can save for your retirement while paying for college can be done in more ways than one.

Whatever you have left in your monthly savings after maxing out your IRA can then go to the 529. If you open up a 529 in your state, the contributions are deductible from your state tax returns. Something to consider...

[LMA]

I agree with others on the size of the company stock. That't the bulk of your savings right there. Sell some of it and put in a more secure investment. Heck just putting 50k of that into a 529 and leaving it there until college time can pay for all of college if you figure in the appreciation over the years.