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Reply to "Switching to spending down savings "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Just don’t be like my in-laws. They never figured out how to do it. They are worth almost $20M from the sale of a business and live on their social security checks plus about $40k/year. [/quote] This is so sad. I was actually thinking about this same question this morning. We are so focused on saving now, but once college comes around in 5 years, it’s going to be so odd to write checks for $100,000 or whatever it costs then. [/quote] The 529 is like Monopoly money. Not really real dough. Writing those checks is not too hard, just don’t think too much about the amount. [/quote]
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