Reply to What do we get for $30k per year?

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[quote=Anonymous][quote=Anonymous]As a financial planner recently told me at a party (this is a guy specializing in the $3-5mm net worth range): the surest way to get into financial trouble in this area is to send the kids to private school.  
Apparently between the constant outflow of cash to the school (tuition, extra expected giving amounts, etc.) and the opportunity cost of those dollars being spent on tuition (lost retirement dollars), people often get into a real bind.  Hard to imagine, but apparently very real.

Got me thinking about a few families who pulled their kids from private (or who sent the older and realized it was too much and didn't send the younger).  Each family mentioned the "crushing" feeling of spending thousands of dollars every month for years and years.  It gets old fast for a lot of families.[/quote]

I agree with this.  Shot half a million in worthless privates.  Ultimately went FCPS - much better teaching, better class offerings, better opportunities, more AP classes, everything.[/quote]

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