529 college plans and student loans
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There is already a trend of burse practitioners replacing doctors. The use of AI in medicine will be accelerated. Robotics will be accelerated as well. Hedge funds will take over practices and hospitals. Michael Douglas famously said "greed is good". I don't think a lot Americans understand what it means to them when you give a bunch of billionaires 4 years to remake your economy. |
Having a lower income and not being able to save is different from someone making 150-600K or mor eand screaming poverty. |
Do you think a family of 4 with a mortgage making say $300k/year in high cost of living area will be able to fully save for their own retirement to last then 30 years and also for full college for their 2 kids. I'm single and make $130k. I know I can't. So I'm wondering if a couple with 2 kids making twice my salary combined can do it. |
Those people probably didn’t always make that much. Now if you’ve made $250k from the time your kids were born, you should’ve started saving then. |
You can borrow against them, just as you can borrow against home equity. |
This!! When our only child was born, we made 60K combined. Our upward trajectory has been very staccato. And of course we were and are way behind to have any kind of a decent retirement. I wish there were an 18 year look back… it’s fine, we’ll figure it out, but it is so odd and unhelpful that they assume that you have been making your current income for 18 years, and thus could have been saving the staggering amount of money needed. We absolutely could not have. |
Full ride undergrad - Alabama, Arizona, UT Dallas, etc. All great pre-med schools to get what you need for med admission (labs, clinical). |
Yes in many, many countries, med school is three years of school after high school and no residency program, etc. That's one step up from Dr. Google. |
Yes. Having two incomes even with an extra kid (so two kids) eases the burden of living expenses. Adding an extra child to feed doesn't double the cost of food for kids. Utilities and housing costs are shared, so it's easier for two income families than a single parent. I do think it's harder for single parents. |
You have a spending problem. Now you are single and making a very very good salary. You can live like you make half and still live well. Then, save the rest now. |
+1000 And none of the, we weren't making $250k 18 years ago. If you were making less you could have chosen to save most of your increases for college/retirement. |
Then you attend state u or any school that gives great merit and that you can afford. Or your kid lives at home does cc then onto state u. There are many ways to do college affordable. It just might not be 90k per year private schools. And that's a choice you made not to find a way to save. But the other 95% of universities can be affordable |
But the "not having money left over" is all relative. I know people who don't save yet they dine out a few times per month th, drive newer cars, take vacations, etc. they have ways to save some if they wanted. |
to save for state u/$35k per year, yes. And if they want more they will choose how to save |