Reply to What's your "number"?

Forum Index » Money and Finances

Reply to "What's your "number"?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If people here have and anticipate this much, what about the rest of the country.  I am linking this thread to the regional papers.[/quote]

This thread is comical.   I still do t understand what these people are going to be spending all that money on.  [/quote]

I'm the OP.  I said $6mm.  Here's how I get there:

3x kids under 4.  Assume 14-18 years from now, 4-year college will cost close to $200k/year = $800k per kid = $2.4mm.  
I want (don't need, but this is an aspirational post) a nice vacation home = $1mm. 
I want to retire by 55 ... assuming $80k min per year living expenses and 30+ years of coverage = $2.4mm.

That's $5.8mm and there's plenty left I'd like to do, let alone leave some for my kids or hopefully grandkids.  Now, that doesn't assume any investment return on that money, but then again, with inflation that $80k/year could easily be more like $200k in 20 years.

I don't think any of that is comical at all ... and certainly not likely to raise some firestorm of controversy as implied by the PP that wants to "link this thread to regional papers."[/quote]

OP CNN calculator said we needed $6M to retire in 3 years and still pay 2 college tuitions. I must say I did not find that comical. Our MS principal said at this time takes over $2M per child in this area to raise from baby (and send to college? he wasn't clear)[/quote]

Right and obviously none who makes under 50k a year can "afford" children.  You're out of touch.  [/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