Reply to Beoming a SAHM

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[quote=Anonymous]I think that the reason no one is looking at this in terms of giving up 20 yrs of money into retirement is because that is a give in. You can take steps to lower the impact of being a sahm but you take a financial hit that you may not be able to completely recoup.  On the flip side, you cannot make up the years being home with your kids. 
As for your financial advisors advice to fund college 50k in the first 5 years, I can offer the following thoughts.  You need to meet with your fa again and talk over how his advice changes if you stop working-- what would be prioritized now.  Second, kids get more expensive with activities and camps and possible private school.  So saving may get harder even if you keep working.  Last, 50k just covers one year of private and maybe two of public at the rates today.  So your fa has basically advised you to save less than 1 years worth of tuition in the first 5 years.  That leaves 13 years to save the other 3 plus years.  Not sure that even makes sense.  So skip the 529 and prepaid but definitely consider that the fa has low balled college savings overall.[/quote]

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