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Reply to "Would you retire with a NW of $10m?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Do you have mortgage? Do you have fully funded 529s?[/quote] OP here. 800k left on the mortgage, but I think I will be paying it down. Obviously, this does not affect NW. Kids should have enough for instate (NW does not include their 529s)[/quote] Good lord, net worth of $10M means kids can’t go wherever they want for college? There are many, many reasons to stay in state and not blow huge amounts of money on a bachelor’s degree, but having only $10M isn’t one of them. We have a net worth of maybe $2.8M and I just think of college as fully funded (we still work, mid-50s, 2 kids in middle school, HHI about $200k. I went in state for undergrad and private for a masters after working for 4 years (and my dad, who was the first person in his family to go to college, paid for it) once I had a clearer idea of career goals. [/quote]
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