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Reply to "I said we can’t retire yet. Am I wrong?"
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[quote=Anonymous][quote=Anonymous]Previous poster again. Just saw the post where OP said she is 12 years until the end of college. So she has a 4th grader? [b]Yeah, don't retire. Your most expensive kid-related years are all in front of you.[/b] Also, never assume your kid will attend XYZ college. We thought this and then lo and behold we have a kid attending an Ivy (never would have predicted this as we did not ourselves and we didn't push for it). A few months ago we received the formal first year cost estimate from the university and it's $97k. And we don't qualify for any aid on our HHI of $350k. [/quote] This. Your unknowns are too high right now. We are roughly your age but we have a kid in college and a kid who is a senior. When we say we have college funded, we mean funded for who we know our kids are and what we would like to give them to set them up. We didn’t know that for each kid until midway through high school. Also, your spending is pretty high. My DH wants to retire soon. We have assets like yours. But he has said he won’t do it until 4 years from now when our youngest is a college senior. Kids change the game. [/quote]
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