Unfortunately financial calculators show with the current inflation figures and interest rates, savings of $100 per month in a child’s 529 plan utilizing an age-based strategy from birth to college-age may not amass enough even to pay for the first year’s expenses.
Am I saving enough for my kids’ college? | BrightScope
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Of course the answer is “no, you are not saving enough,” because it’s impossible to save a billion dollars (projected cost of our daughter’s tuition) over 18 years.
