Hi, I am a newbie here. My first child will be heading to college next fall. I have saved about 90K in a 529 for child #1 and 80K in a 529 for child #2 who is a high school sophomore. It looks like child #1 will go to a private school, around 40k per year. What should my strategy be on withdrawing from the 529? Should I spread it over 4 years or withdraw 40K in year one, for child #1? Also, I don't think child 2 will go to a private school, but probably a less expensive state school.
Thank you so much for any advice!
Skilady