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Reply to "Can we afford $45k/year private for 2 kids? Stats included"
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[quote=Anonymous][quote=Anonymous][b]People who haven't been living at a higher income level and adjusted lifestyle are the perfect ones to invest in more for education.[/b] If you are planning to max out every saving vehicle and do mega backdoor Roth, you can afford the tuition. Cut some on just the two mega backdoor Roth and you can afford it. It is also likely that you'd be fine retiring at your recent SES level rather than your updated one, so I think you are too worried. That you were willing to put so much into your house earlier at what sounds like a much lower income, has ended up being good outcome wise, but could be seen as a riskier decision at the time than private school now. Changing schools if $$ is an issue is also a lot easier than unloading an expensive house in most markets too.[/quote] Without commenting on the particulars of OP's situation, this is exactly right. [/quote]
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