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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]At your income level you are way behind on college and retirement savings. We are late 40s and make about $170,000 combined. We don't have "college" savings, but have put money into 401Ks and Roths. We are at $1.3 million in retirement savings and have been able to cashflow private school and now UMD college park. Since we are heading into a recession, your 529 accounts aren't going to grow as much. Be in a position to cashflow and borrow once your kids get into college. You are in the donut hole friend. You are not getting financial aid.[/quote]

They are NOT a donut hole.  Someone making $320K should have been able to save for both retirement and college and be well positioned at this point. Donut hole is someone making ~$125K in a HCOL area who would have struggled to save fully for college and retirement and own a home, etc.  At $320K it's more about their choices that have put them in this position.  You can choose the lifestyle or choose retirement/college funds or balance all three things[/quote]

Have you ever heard of student loans? Have you ever heard of ...NOT MAKING THAT INCOME FOR VERY LONG? Good lord. Maybe you never went to grad school or paid off loans, but most people do - and most people don't make 320k right out of college. Good grief. NUANCE much?[/quote]

+1 Or having to support aged parents or dependent siblings? Or having had to (gasp!) pay for your own college with loans that you have only recently paid off? Not everyone was born with the benefits you all were, you judgmental DCUM jerks. Take a moment and consider for a moment that not everyone has the same life you do. [/quote]

People really support adult non special needs siblings instead of saving for their own kids to go to college?[/quote]

When your parents are deceased and its either you foot the bill or your sibling is put into a state run system, yes. My kids can borrow money and get scholarships or go to state schools but I only have one brother, the decision is not hard. My spouse had their eyes wide open when we got married; the fact that they understood and supported this is one of the many things I love about them. My kids also understand that we make sacrifices to support their uncle.

Some people have other financial demands, like paying for long term care and/or medical care for their parents. You just never know.

You have made my point for me; not everyone has your life or your privilege. That's ok and I don't mean to suggest that you should feel guilty or apologize for your good fortune. Before you indict people you might want to just for a moment consider that you don't know them or their lives. You never really know what goes on behind closed doors and in people's bedrooms. Maybe take a second this evening to appreciate your good fortune?[/quote]

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