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Money and Finances
Reply to "College applications -- apply to $$$$ schools or not?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Million dollar houseā¦stop aready. [/quote] Based on what OP said, she bought her house a long time ago for under 400k, which means real estate appreciated substantially. Pretty common around DC, people buying modest brick colonials for 380k and now worth $1+M. I'm sympathetic to OP's situation because I'm now at the point where the investments, both retirement and personal accounts, are generating more yields than my income. It's a weird feeling. And it also means most of it is tied up and not easily accessible without paying a lot of taxes. I will say I am having frank discussions with my AI financial advisor who points out the diminishing utility of still saving money out of current income versus enjoying it now. I'm still 20 years from retirement. OP could stop contributing any more to her investment accounts and cash flow plus the 300k she has saved for college, and could probably make it work out. [/quote] Yep, paid less than $250k for my now $1.3m home.[/quote]
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