2K Rule of Thumb
Saving for your children's college education while saving for your own retirement can feel like a running back rushing for 1,000 yards in a single season. It is not an easy thing to do.
Even while you're putting money away, it can be hard to know if you're saving enough. Consider this simple rule of thumb to see if your college savings are on track.
College savings 2K rule of thumb. Simply multiply your child's current age by $2,000. This amount can show you whether your college savings to date are generally on track to cover 50% of the cost of attending a 4-year public college.