Reply to Life is Easy in NW DC on $300k, AMA

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Reply to "Life is Easy in NW DC on $300k, AMA"

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[quote=Anonymous]OP --Did you say you have 60,000 and in 529 and are putting in 10,000 per year --was that for each child or the total for both?  If for each, your in great shape. If total, your fine if state schools or you'll use taxable investments certainly,  but I am not sure if the 529 alone will cover two privates. If the returns of recent years continue that might give you any option, but if there are market rises and falls along the way I'm not sure that covers  a private option for both.  A 4 year private today over 60,000 per year --and probably more --so a quarter million per kid without financial aid--and of course that will go up substantially in 10 years.  Of course, no one needs to go to such a school --there are state options, some good privates schools that offer merit aid (but not many any more.)  OP you are doing great and better than probably 98% of your age peers, but between college and the uncertainty of aging parents, etc., I appreciate how some folks feel uncertain. And your kids are very young--that private school bug still may bite down the road.  Lots of parents go that way not because they think it will get their kid into Harvard or because their kid has major special needs, but just because he/she learns much better and is socially happier in a small private school community.  I get the folks who are tired of whining posters on DCUM making multiple six figure salaries, but I also get that many things can change on a dime. [/quote]

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