Reply to How to plan for vacations and not be a jerk parent.

Forum Index » Money and Finances

Reply to "How to plan for vacations and not be a jerk parent."

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]If you're planning to retire at age 58 as you say in your original post, I'd be worried that retirement savings aren't sufficient.

As for college funds, $100k per kid is a decent amount for in state educations.  If that is what you are intending to give your kids, then you're on target.  If you want something different, you need more money because in state is about the lowest cost (absent aid, which we can't give an opinion about since we don't know your income and/or your kids' academic and sports abilities).

Personally, I'd change my retirement goal and plan to work longer if the payoff is getting to travel now when you know you are healthy and capable of enjoying it.  At age 62, you can draw some social security and 67 you can draw the full amount.  I'd also shoot for state schools for my kids unless they have some good reason for something more expensive - like they are brilliant and get into MIT or they have special needs and need a different level of support.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics