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Reply to "40 years Old Financial Calculators Fail Us Thread For Good Savers"
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[quote=Anonymous]Just made an extra house payment and we only owe 43k on our 500k house and I am thrilled. Some people will say we should have invested more in stocks this year given how well the market performed. We do max our retirement/saved enough our kids to attend in-state colleges (they are ten and under) but have little saved elsewhere. I think once our house is paid off, we will "feel"financially more free. We only make in the low 200's combined and we still spend a fortune on childcare so I think we are doing great. My question is why do all of the Fidelity financial calculators tell us we need to save more? We have 1.4M saved towards retirement but the Fidelity calculator recommends we save an additional 10k per month which is impossible given our income. The Fidelity calculator says we need another 160k so my kids can attend the same out of state public school that I have attended. We have saved 250k so far. Other Good Savers do you feel these calculators make crazy assumptions too? [/quote]
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