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Reply to "Trading Retirement Contributions for Private School Tuition"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Don't do this. Move to a better school district, get the tax benefit of the higher mortgage, and pay for tutors and enrichment as needed. You're going to put your kids in the position of being the "poor" ones at school, and then make that a reality when they have to take out huge loans for college and support their parents in retirement.[/quote] This is your answer.[/quote] ++1 Public school is great for life preparation, and you can supplement at your own discretion. Your retirement and kids college are much more critical. PS, in the thread mentioned earlier, many of the adults who went private lamented the money stress at home and would have preferred to have awesome vacations instead. About 2/3 didn't even feel that private school helped in their career and social lives any more than public would.[/quote]
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