Reply to What is your net worth if you are 55 years of age

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We started making money pretty late. House worth 500K, and around 1.5mil in investments.  We have money for college for kids. And then we have a pension that we can live on. Of course, pension disappears when we die. We will probably only be able to give this to our kids - paid college and grad school, a new car when starting job, $50K for wedding, $50K for down payment, some seed money for our grandkids. [/quote]
I think you are doing great!!  This sounds very comfortable especially with a pension and $1.5 million. That could easily double by the time you turn 65. [/quote]

7 more years before spouse retires. I am SAHM.  A house in a cheaper neighborhood allowed us to have some economic flexibility and thus a fairly nice  life-style after 32 years of age. Before that we were living ok but with zero savings. Oh well. We knew we would be fairly comfortable but not DCUM rich when we decided that I would become a SAHM. Zero regrets. [/quote]

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