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Reply to "What to do with small savings account?"
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[quote=Anonymous]PP, I'm real. 15:02: our kids are preschool age. We have a house in Arlington. 529s are a good idea. We don't know how much longer we'll be overseas. You are right that we may be living beyond our means which is why I'm concerned about how to protect this nest egg that we've built. I didn't realize until this conversation that this amount would be considered abnormal since I know what the COL is in the DC area I see this money as a pittance. It terrifies me to think of entering my 60s without a lot of money socked away for retirement. I guess I've learned by this thread that although we don't have any real understanding of financing and budgeting that I'm risk adverse...maybe that's why we've avoided learning. We had many, many, many years of struggling with cash through grad school and working for non-profits. We're debt free except for the house. Thanks for the good advice, everyone and also the reality check from 08:20. I had no idea![/quote]
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