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Reply to "1.5mm in unsheltered assets - dq'd for FA?"
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[quote=Anonymous][quote=Anonymous]I've been looking at how our small business can make some moves this year - buyout equipment leases etc - that could move our income down these years that matter for college FA for two kids. But there's no shaking that we have 1.5 in stocks. We've maxed out retirement for 30 years, but we've had some stocks in our investment account that really took off in the last couple years so, barring a reversal, it is what it is. Our retirement accounts used to be where the bulk of our savings were, but they're about the same value now - they've been in index funds that did well but not the same crazy run up. given that, does it even make sense to stress about getting income down? I could get it down from 250 to 150. But if it doesn't matter, I won't do this. We already used some unsheltered assets to pay off mortgage. so generally: 1.5mm in stocks 1.2 in retirement 1.2 in house 200k in 529 total I know it seems like a lot but paying 90k for 8 years also seems like a lot. [/quote] You have 4M in assets. You don't need FA. If you're worried about money, lose the cocaine habit, or just put your $1.5M in some kind of high yield CEF (Pimco has a bunch), or just put it in S&P and use the returns to pay tuition. This isn't hard![/quote]
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