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Reply to "Is NW of 4M as a 50 yo good enough"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It's fine. Well more than fine but make sure you have enough to retire based on your current lifestyle and expenses. And if you don't have any college savings besides the 4M and 3 kids plus counting your primary into your NW, ngl it would be tight for me personally.[/quote] Op here Thank you for posting a decent reply. I have seen lot of financial hardship growing up and worry about money and making ends meet. OOS college these days is 100k per year, so I am thinking it would be 1.2 mil for three kids (not considering inflation) even if 1-2 decide to go instate still it would be a dent in NW and retirement, we do want our kids to get good education, and we do have significant mortgage on our primary home. To top it my wife is feeling burned down and wants to quit working in 5 years. [/quote] Why isn't your mortgage paid off? If your wife is burnt out, step up, make more money and have her quit.[/quote]
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