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College and University Discussion
Reply to "College Planning Upper Middle Class"
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[quote=Anonymous]I think it's interesting OP hasn't come back to tell us how she was able to save so much money so early in her working life in order to hit the magic compounding rates to make her figures work. Most posters are usually upfront about their occupations and strategies but she only keeps saying to look at compounding calculators, but most of us know these calculators rarely ever work out in real life. I wonder if it's because she knows the more information she gives the more easily it is to cast doubts on her claims. I suppose the numbers can work but she and her family would have to be living so well below their means. She mentioned contributing 40k a year for the first ten years, but even at 20k a person that was way above the contribution limits in those days, and on a presumably much lower income. Did she not have to save for a down payment too? Make monthly mortgage payments? Even the other posters with comparable incomes still come out about a million less than OP is claiming. [/quote]
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