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[quote=Anonymous][quote=Anonymous][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. [b]The kid can go to community college for two years, then transfer, if needed[/b].[/quote]

This works only if the community college is of good quality.  It worked well back in the 80s but today’s community colleges are often underfunded. My friends’ kids have struggled to get the necessary prerequisite courses for transferring to a four-year college. The ones they got are not of the same quality as the ones at the four year. Better plan is to go for merit aid or qualify for an athletic scholarship the family makes too much to get sufficient financial aid.

[/quote]

I have yet to see a suburban kid on an athletic scholarship whose parents didn’t put $$$ into their sport that could have gone in a 529. I’m sure that happens, I see underprivileged kids in the NBA etc. but for the suburban kids I know, for anyone who has gotten that scholarship, their parents could have saved for college or maybe also did save for college. [/quote]

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