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Reply to "Does everyone on DCUM max out retirement?"
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[quote=Anonymous][quote=Anonymous]I really wonder about this too, especially with the advice not to save in 529s before fully maxing out retirement...[/quote] I think that advice would be better states as "don't save for college until you've adequately provided for your own retirement." For a two earner household, maxing out retirement at $50k per year plus matching for 30-40 years is going to put you north of $10 million. I think you would be safe throttling back a little on that and putting a little bit of dough in your kids' college fund. The advice is really intended for people who are in their forties and fifties and throwing everything they've got at their kids' education. Then their kids finish school and move out, and the parents find that they haven't prepared at all for what should be coming next and instead have to work another ten or twenty years.[/quote]
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