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College and University Discussion
Reply to "I’m really surprised how many people don’t save for college"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t understand saving for college. We just pay for it out of our income. We only make $250 but $60K / year is not that big of a deal once your kid did private school for 12 years. It’s just part of the budget.[/quote] That’s also what I think, although we have 529’s. When our kids were in daycare we were paying 30k per year, why can’t we just do it again? (Granted that means choosing an in-state school and not retiring early).[/quote] If you were paying 30K/year for daycare (assuming 2 kids), why didn't you just redirect 80%+ of that to 529s for your kids? If that were done, you would likely have $200K+ in each kid's 529. And yes, could easily use that plus the cash flow to pay for college. Obviously retiring early is not really possible if you have kids not yet thru college unless you have enough saved to fully fund college. But that could be part of a viable retirement plan/college plan. [/quote]
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