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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, I've said this before, but you've ignored it.  After your last post I feel compelled to repeat myself.  You are in your early fifties and have $240k saved for retirement, with no home equity, and a spouse who has a spending problem and enjoys the finer things.  You apparently have little to nothing saved already for college, despite the fact that you have 4 kids, some of whom are getting close to college age.

Regardless of what you decide to do with the house, you need to abandon the notion that you are paying for college.  You absolutely cannot afford it.  I realize it will be hard to tell your kids, and you'll feel like you're letting them down.  But there's enough time for them to apply for merit scholarships or take out loans, and you can help them with incidentals.  But the idea that you are in financial position to pay for college tuition (never mind multiple tuitions!) is a fantasy.  No fancy graph or chart will change that. [/quote]

If we don't pay for private school ($4200) and we rent for $3000 (instead of $7000 mortgage) that gives us $8200 we didn't have, which is $98,000. Couldn't we save $60,000 for retirement and spend $40,000 on college? (May need a little less or a little more depending on choice of college). Planning on kid one working/doing a paid coop and kid 2 getting merit aid.[/quote]

I don't think that would be prudent. You are in really bad shape for retirement. You need to save everything possible. [/quote]

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