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Reply to "Networth Doesn't Mean Much in DC it seems"
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[quote=Anonymous]OP, I think you are worrying too much. Your "problem" is that 1/2 of your net worth is tied up in real estate which is why you don't feel rich. But think about it - you can easily pay for your children's college fully by taking out a HELOC when the time comes. Or at that point, you may want to downsize to a smaller home. Or you said your mortgage will be paid off by then. Assuming a $3K monthly mortgage, that is $36K you can put toward your kids' education each year. Lastly, if you have $775K already saved toward retirement, you should have $2 mil in 15 years at age 55. That does not include your $1 mil real estate which even if you tap it for college will probably be worth $1.5 mil in 15 years. That doesn't even account for the other savings (mutual funds) that you have. You are more than okay. Relax.[/quote]
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