Bean 2's SSN arrived today. That was super fast. So, I opened his state 529 plan today. I am going to fully fund it this month, up to the $2,000 state tax deduction. About $1500 of it will come from savings.

We also have a second brokerage account for the Beans, where we add another $2,620 a year for each of them for college. My goal is also to put 2009 money in for Bean 2. (Bean 1 is funded for the year), with as much coming from regular income as possible. It's likely about half will have to come from the savings account.

Our goal is to have $100,000 for each of them for college when they reach 18. We came to the magic number --$4620 a year-- by assuming a conservative 2 percent return on investment. We sure don't have much faith in the market, do we??