Is NW of 4M as a 50 yo good enough
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Anonymous
| We still have to put 3 kids to college and the NW includes our rental property and primary homes equity and our 401 k. My wife just joined as a fed at 47 yo. How are we doing financially? |
Anonymous
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Anonymous
| Forgot to add my wife plans to retire in 5 years. |
Anonymous
Please STFU. |
Anonymous
| Stop it. |
Anonymous
| Go away |
Anonymous
| Jfc |
Anonymous
|
It's fine. Well more than fine but make sure you have enough to retire based on your current lifestyle and expenses.
And if you don't have any college savings besides the 4M and 3 kids plus counting your primary into your NW, ngl it would be tight for me personally. |
Anonymous
Op here Thank you for posting a decent reply. I have seen lot of financial hardship growing up and worry about money and making ends meet. OOS college these days is 100k per year, so I am thinking it would be 1.2 mil for three kids (not considering inflation) even if 1-2 decide to go instate still it would be a dent in NW and retirement, we do want our kids to get good education, and we do have significant mortgage on our primary home. To top it my wife is feeling burned down and wants to quit working in 5 years. |
Anonymous
| I don’t know. We are 48 and have more and don’t feel comfortable enough to retire. Only 2 kids to put through college. |
Anonymous
| I say it’s plenty. My DH say no. It’s a frequent source of debate. |
Anonymous
Please share your STATS and lifestyle. |
Anonymous
| You’re broke |
Anonymous
Please share your STATS and lifestyle. |
Anonymous
OP here, not now but If I do not plan now at 70 I may be. |