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Reply to "31% of millionaires think they're middle class"
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[quote=Anonymous][quote=Anonymous]47/45 210k income Net worth $1.08M with like $800k in 401k accounts. 0 in 529s, 3 kids. We're in the donut hole and my wife doesn't believe in 529 accounts. [/quote] Your wife is mistaken, but you’re in a pretty good position. You have a lot in your 401ks for your age, so if you take a few years off from contributing to retirement to cash flow college, I think you’ll be OK. Three kids might be tough, though. We have a similar income, similar retirement savings (though one spouse is in 50s, so a little worse off) and we have about 60k so far in our two teens’ 529s. I’m focusing on the junior right now but it’s a little terrifying to know another college tuition is coming up in four years…[/quote]
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