Reply to Why wouldn't you retire on $5M?

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[quote=Anonymous]DH (49) and I (45) are in a financial position compared to OP where we could retire now. Between our net worth, pension, and healthcare coverage until Medicare, we’ve hit the benchmarks. But we’ve chosen not to retire yet—for one simple reason: our kids.

We have three children, and we couldn’t live with ourselves if our early retirement meant only offering them a state undergrad education and calling it done. We believe the biggest leg up we can give them is fully funding their undergraduate and graduate education.

Inheriting money in their 60s would only fuel decades of resentment. We'd rather invest in them now when it matters most.

To be clear, we’re not saying we’ll pay for private undergrad for all three—if they choose their schools wisely or secure scholarships, we’ll be in a position to help with graduate school too. At this point, we’ve saved about $700K across three 529s and still have GI Bill benefits available.

Curious how others in a similar situation have thought about tradeoffs between retiring early and fully funding education for multiple kids—including grad school.[/quote]

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