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[quote=Anonymous][quote=Anonymous][quote=Anonymous]DH and I both have been laid off in the past 5 years, he at 48, then a few years later me at 46.

We both had a 6 month period of trying to find new jobs and it was rough. We both know it could happen again, not due to our performance, and it’s scary.

We each make 110 and 160, so obviously not poor, but it’s harder to switch careers at this stage.

We are also aiming to retire by 60 with the house paid off and the kids done with college, but I worry about health insurance between that time and 65, how expensive it will be and what if something catastrophic happens.

Also, laughing at the person who said $140k per kid isn’t enough for college. Of course it is. We will have enough for our kids in public state schools

Just coming here to say, I feel ya![/quote]

I have three kids and budgeted $750k total which is average schools with some merit aid. It is not just school. Dental, doctors appointments, food, cell phone plans, on your car insurance, birthdays, Xmas. A kid in school will cost you 60k each. It you are working won’t notice. I will have a 15, 19 and 21 when I turn 60.

Plus colleges nearly doubles every ten years. We already hit some schools that are finally 100k a year all in for undergraduate. Soon that will creep to average schools by 2030.

My daughters two colleges plain to really jack tuition and costs Post Covid

Plus hard to downsize when they live with you at winter break and all summer and may move gone after school for 1-2 years

Most people are not child brides with college done by 60. To do that you need to have them young and not have many. I say that as my mother and grandmother had last kids in early 40s. But they had 4-8 kids.

And to retire at 60 you need two houses paid off. My friend who have done it paid off primary then bought retirement home and paid that off. Other issue is kids off your health plan. It is family policy that is expensive.

[/quote]

Need two houses? What?[/quote]

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