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Reply to "Is NW of 4M as a 50 yo good enough"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We still have to put 3 kids to college and the NW includes our rental property and primary homes equity and our 401 k. My wife just joined as a fed at 47 yo. How are we doing financially? [/quote] It depends. Do you plan to retire early? Do you have pensions? Do you plan to downsize, lot of NW is in your home.. [/quote] No pension for me. Which wife retiring with 5 years of service she will not have much pension as well. Also with her retiring early I can’t retire early. We plan to rent our basement or downsize.[/quote] Please don’t rent your basement or downsize so you can spend 1.2M on college. State school will be just fine and if they’re driven, it won’t matter. If they’re not driven, you’re wasting your money anyway. You have 3 kids so there will be trade offs. Maybe one can get some sort of scholarship?[/quote]
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