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Reply to "How much to retire at age 55? We are 50"
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[quote=Anonymous][quote=Anonymous][b]The average price of a single family home in Arlington is 1.3 million.[/b] Since you easily can, and benefitted from decades when the stock market gave you huge returns, you should completely pay your kids’ education and provide home down payment money — as long as kids are being responsible, kind etc. That’s what I would budget for. You probably also bought you current home for a low price, unlike now and a decade from now. This was all lucky for you, not a result of your great frugality, so I would pay it forward. At least, that’s what we are planning as two gov workers who got the same benefits.[/quote] The average price of a single-family home in Beverly Hills is probably pretty high now too. That doesn’t mean the OP shouldn’t retire at a reasonable age.[/quote]
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