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[quote=Anonymous][quote=Anonymous]Going from 590k to 240k is a massive lifestyle change and you'd be doing it at a time when kids start getting more and more expensive.

Plenty of people live comfortably off 240k. Can you?

I wouldn't move back into DC unless I knew I could afford private school. People move OUT of DC to get away from DCPS. Does your grandparent know the cost of DC privates? 50+K per kid for multiple years? Many grandparents still think in terms of when an expensive private school was 10k a year! Then college is hitting 90k a year at the expensive elite schools.

There's an element of pipe dream in your planning. I agree a good step is to move to a more manageable house, but you mentioned your mother is still with you, so make sure it has a ground floor bedroom if she wants to age in place. Once you live somewhere more affordable, then you can look at your other plans. [/quote]

Thanks for this.  Part of the issue is the runway for my job coincides with when we might want to change schools for my kid (closer to middle school), so hard to move.  She's socially thriving, her friends are all 2 minutes away, and I'd hate to rock the boat.  But I'm sure she'd adjust.  And yes, grandparent understands $50K/kid/year with expected 5% annual increases.  [/quote]

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