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Reply to "Everyone I know is laid off by age 55"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]^yep, financial plan is to retire before 59. If we can still get work, we will. But, we assume that we will stop in a few years. We hope to have about $2.6mil in just retirement accounts in about 3 to 4 years. Our mortgage is smallish (less than $200K), no other loans. College will be funded to about $140k per child.[/quote] Do you mean 2.6m each?[/quote] $140k per child. Is that a joke. My two kids are in out of state - state schools with merit aid in 2021 and all in costs around $150k each for a degree. I’d they went Syracuse, Villanova, Fordham or Gerorgetown be more like 300k a kid. Fordham is tell parents with kids in middle school to have 400k saved for college each kid! [/quote] For one thing, kids can go in state. For another, kids can take out a loan for the difference. That would $40K when they graduate. That's not *that* much. There is absolutely no way I am paying for $400k college degree. The kid can go to community college for two years, then transfer, if needed.[/quote]
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