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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]^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] Not sure if that was me but based on recent calculations and projections, we should have more like $3mil+ combined when DH hits 59. We have private health insurance now. It is expensive, but we don't have any other huge loans. PITI is like $2200 or so. We've run the numbers with our financial advisor who thinks this is totally doable. As for college, $160K per child is fine for in state. If my kids want to go out of state, then they will have to get a loan for the difference.[/quote]
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