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Reply to "Michelle Singletary - WAPO finance expert has three failure to launch kids in their 20's living at home - RENT FREE"
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[quote=Anonymous]My then Boyfriend and now husband and I BOTH moved in with his parents upon graduation, both having jobs in Tysons. This allowed us to buy our first home in Vienna Woods for 300k at age 25. With their guidance we also completely maxed out our 401ks starting at age 22 and have done so until now at age 47. we have both stopped doing that because it’s fully funded and we are now diverting all investments into the rental market and taxable investment accounts. oh and that house in Vienna Woods? it appreciated so much that it was instrumental in us now living mortgage free today. Any mortgage we now carry are for income producing properties. His parents gave us the incredible gift of time. From age 22-25, we maxed out retirement on investments that have ran a spectacular bull market and were able to together save 100k, 60k of which went to a down payment 40k for a rainy day. [/quote]
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