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Money and Finances
Reply to "Net Worth of 2.4M 41 years old and feel poor"
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[quote=Anonymous]I suspect the issue is the house. At $500k you either live super far out or you are living in a condo or small townhouse. At your income you can afford to take on some mortgage debt to live either closer in or in a nicer house. As a PP said with a 15 year loan you will have it paid off well before retirement, and rates are still very low. Otherwise continue to save for retirement and college. You don't say how many kids you have or what ages so it's hard to tell if $200k is adequate or not. We aimed for $200k for each kid, knowing that we would have to supplement out of current income (they are both in college now so $60-62k/year is the annual tuition range).[/quote]
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