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[quote=Anonymous][quote=Anonymous]Going from 590k to 240k is a massive lifestyle change and you'd be doing it at a time when kids start getting more and more expensive.

Plenty of people live comfortably off 240k. Can you?

I wouldn't move back into DC unless I knew I could afford private school. People move OUT of DC to get away from DCPS. Does your grandparent know the cost of DC privates? 50+K per kid for multiple years? Many grandparents still think in terms of when an expensive private school was 10k a year! Then college is hitting 90k a year at the expensive elite schools.

There's an element of pipe dream in your planning. I agree a good step is to move to a more manageable house, but you mentioned your mother is still with you, so make sure it has a ground floor bedroom if she wants to age in place. Once you live somewhere more affordable, then you can look at your other plans. [/quote]

This. You still need so many accommodations for the parent still living with you and the kids. Why make things harder for yourself? Frankly I don't think you can find anything in DC that meets all your needs and is in your new budget.

Did I see that you are currently spending $15k a month on your house? Sorry but I agree with the others that it's just not tenable on $240k even with your savings. Especially since you will not only be losing the savings but also the interest it would have generated. You're in a great spot savings and retirement-wise. It will be a lot harder to save at your new HHI. I know you said you have rich parents, but I would never bet my future on expected inheritances.[/quote]

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