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Reply to "Is U Michigan OOS worth $400K?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Zero fin aid for OOS DMV area[/quote] Yes, it is worth it if you have a liquid NW if $5M+[/quote] That is too conservative. A 2 mil NW excl primary home will do. For 1 kid family ~ 1.4 mil. It’s all how you manage your retirement Basically if you have about 1 mil ( retirement money) left after educational expenses, it is ok.(Assuming primary home paid off by retirement/)[/quote] $1M will only generate 30k a year in income in retirement. Even $5M will only generate $150k. [/quote] Even a crusty old planner will allow 4-5 % ….thats 40k min+ family soc security( ~ 40 k) — 80 k min yrly is deemed sufficient (if no mortgage) in most area of US… [/quote]
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