Reply to Best financial planning tip for donut hole families

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]we shifted 600k of assets into non reportable. mostly paying down our mortgage, but also wrapping up a long list of needs: new roof, added an ADU, did dental work, redid driveway, maxed retirement, updated a bunch of legal work like trusts, etc.[/quote]

If you had $600k of assets to "shift", it's an absolute joke to call yourself a donut hole family.  You could have paid cash for the most expensive private college in the US and walked away whistling.

Donut hole is not supposed to mean "I don't want to pay for college even though the money is sitting in my accounts" it's supposed to mean "I need financial aid to make college possible but am above the cut-off for recieving financial aid."[/quote]

This. I think there are dual definitions.  One for the privileged 250/300k+ set and one for the low/mid 100s set.[/quote]

Eh. If someone has 200k in their retirement and has a 600k windfall, they’re in no better position than the person w 600k in their retirement and 200k savings outside retirement. [/quote]

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