Reply to Is NW of 4M as a 50 yo good enough

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I love it when posters claim they will "just cash flow college" because they can't even figure out how to save for college ahead of time. Bwahahaha. [/quote]

They should try to cash flow it now and see how it goes. Then stick the test cash flow college money into savings/investments[/quote]

We cash flow private school, which is about the same as many college tuitions.[/quote]

In that case, if you are already paying $30-40K/year for a kid to go to HS you can continue that for college.  But Can you really pay another 50-60K for expensive privates?  If you can, why are you not currently saving that $$$ into 529s and letting it grow tax free?  [/quote]

Tuition is more like $45k, and once they are done with HS then they will be in college so the HS bill goes away and the college bill starts.[/quote]

I understand that HS tuition goes away once they graduate.  However, many private schools are $80-85K+ for tuition plus room and board/all expenses.  So you would need another $40K to "cash flow" College.

So once again, the question is, if you have that much extra cash, why did you not put some into 529 and enjoy the tax free growth for 10+ years?

We could cash flow college, but we smartly chose to save, take advantage of the tax free growth and are now set for our kid to attend a 85K+ university.

But I'm smart enough to realize most people CANNOT cash flow college.  Most are Not paying $45K for HS tuition, let alone $80K+ for tuition plus boarding school.

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