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Reply to "What is your net worth if you are 55 years of age"
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[quote=Anonymous][quote=Anonymous]I had been feeling good about our numbers, now, after reading all this, not so much. 56 and 61, $1.3 million in retirement accounts, both still contributing the max annually. HHI had been about $250, went up to $350 recently. $475k in stocks/mutual funds. One about to start college, with the merit she received, plus the $$ in 529, that is covered. 2nd still in HS, assuming private college with no aid, we will use 529 and either cash flow or some from the $475k to cover that. House, conservatively guessing, is worth about $980k, we owe $150k which will be paid off when our youngest is a senior in college. Plan to retire when 2nd is done with college, assuming the younger of us can figure out reasonable health care.[/quote] I think you are in great shape. You already have $1.8 million in savings, should pay off your mortgage and educate two children before retirement. [/quote]
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