I am a new user and Pralana Online subscriber. Based on the Build section for 529, it appears that election of a 529 implies that ALL college expense coverage needs to flow from the 529 account. We are only using the 529 account to partially cover our daughter's current ongoing college expense and using income/savings for the rest. It will still be depleted at the end of her college. Would the correct way to model around this just to enter a College Tuition as the total of the 529 account and then treat the remainder of the college cost as just another expense?
@rhastings123 Yes, that's probably the only alternative. To be clear, set the college tuition to the amount to be covered by the 529 plan. If that's greater than the starting balance, Pralana will calculate additional contributions in conjunction with the growth of the fund to exactly cover that tuition. Then you can put the rest as a miscellaneous expense.
Stuart
Keep in mind you may have entered different inflation numbers for general and education, so that won't play in for any portion used in miscellaneous expense. If the education is in the nearer term, not such a big deal, nor if you think they will be essentially the same.
