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[quote=Anonymous][quote=Anonymous][quote=Anonymous]What do they live on?

300k in
100 to taxes
100 to college
100 to live on

It’s okay to not save for college, retirement these four years. Just tread water.  That’s a pretty good spot considering you didn’t save for 18 years. [/quote]
? you assume one child.  And it's not ok to not save for retirement and just tread water. That is a stupid move.

Yes, we did save, but it's not enough for 4 yr * 2 kids * $100K/year.    We had saved probably a little over $300K for two kids.

Sure, they don't need to go to an expensive school, and they aren't.  DC got merit to our in state flagship and is doing well there.

My point is that people assume that a HHI $300K should be able to afford $800K for college over 4 years.  That is not true.   We are in our 50s/60s, and ageism has hit us. We are probably going to be forced to retire soon, and with no subsidized healthcare. [/quote]

I wouldn't recommend the cash flow it for 4 years.    When your income went from $150 to 200, you take 20-25K/year and invest for college.  Next income increase you add another 50% of the increase.  You also put the remainder of "increase" into retirement, because front loading any investment is the better choice.  Then you let compounding and growth over time work in your favor.   It's a CHOICE you could have made as your income increased.

If you didn't save, then yes, funding $100K college per year is not the smartest financial idea.  And that is okay.  Your kid will have tons of excellent choices that cost only $40K or less and you should be able to cash flow that or have saved enough if you wanted.

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