Reply to Advice re underfunded college savings & well funded retirement

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You would seriously sell your primary residence to cover your child’s private college costs? Or take out loans for you to repay after you retire in 12 years? Or use home equity? I would like to believe this post isn’t real. What would happen if you lose your job and can’t repay those loans? Or what if you be become disabled too? Your financial security in retirement is more important than the name brand of the college your kids graduate from. I suppose you do have some wiggle room,  but considering your current income and your spouse’s early retirement and disability, I wouldn’t overextend myself for a dream college.[/quote]

Because they bought close to a million dollar house and cannot afford it.  Its not just the house, but taxes and maintenance.

Kids will need to be realistic about college.

They lived selfishly for years and now they are paying the price.[/quote]

OP. We did not buy a million dollar house - they have both appreciated. The killer for us has been high medical bills over decades plus having to help support our elderly parents (both sides). You may have read we gave  very generously to both colleges (as well as many charities) before issues with disability and SN kid. [/quote]

Being generous has nothing to do with anything.  If the houses appreciated, you still bought way more house than you can afford BUT, your numbers don't even add up as there is right now no way you can live off your income and all the other stuff.  We have a similar income, have a SN child with lots of therapies and help a family member and I also have serious health issues/cannot work but our expenses are no where near yours so we can save a bit.

Your kids are going to have to go to your state school or get lots of finical aid.[/quote]

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