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URL:  https://boards.fool.com/i-put-5000-into-a-529-plan-each-year-to-maximize-30201503.aspx

Subject:  Re: Affording college. Date:  8/13/2012  11:17 AM
Author:  2gifts Number:  305726 of 312592

I put $5000 into a 529 plan each year to maximize my state tax deduction.

If my state had a tax deduction, I most likely also would have maxed out my contribution. I'm not sure which states allow tax deductions for a 529, but that is certainly another thing to take into account when deciding how best to save for college.

I'm just about done with paying for college, and am very glad that we had put enough aside for our kids to go to the school of their choice without having to worry about how to pay for it.

I'm also very glad that we were saving for our retirement as well, and think folks need to think about both retirement and college savings when putting money aside.

I know you have done that, but sometimes it helps other people to mention it.
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