Anonymous wrote:Human attention is the most precious thing to pay for.
Anonymous wrote:Anonymous wrote:Anonymous wrote:With an AHI of 550k with all of that money saved for college and retirement, you can afford private school tuition of 180k per year for all of your kids. You can add, and figure this out, pretty easily.
If you have other reservations, that are not financial, which you certainly could, that's another thing altogether, and could contribute to it being "insane" for your family. But you didn't ask about that.
It's 180k after taxes. So it's really 240. It's close to half OP's income, and ultimately will cost millions. It's an insane amount of money when you're living in a good public school district.
This. And the tuition will increase each year, so no you can’t afford it unless you drastically change your lifestyle.
Anonymous wrote:Anonymous wrote:With an AHI of 550k with all of that money saved for college and retirement, you can afford private school tuition of 180k per year for all of your kids. You can add, and figure this out, pretty easily.
If you have other reservations, that are not financial, which you certainly could, that's another thing altogether, and could contribute to it being "insane" for your family. But you didn't ask about that.
It's 180k after taxes. So it's really 240. It's close to half OP's income, and ultimately will cost millions. It's an insane amount of money when you're living in a good public school district.
Anonymous wrote:Ignore most of these posts, OP.
You have got a very bitter contingency of people who can't afford private school here desperately feeling the need to label it as "stupid." It isn't, there are many reasons to send kids to private if you can afford it. Which you can.
Anonymous wrote:Don’t waste your money on private school.
Beef up 529s, your kids will need it more.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:With an AHI of 550k with all of that money saved for college and retirement, you can afford private school tuition of 180k per year for all of your kids. You can add, and figure this out, pretty easily.
If you have other reservations, that are not financial, which you certainly could, that's another thing altogether, and could contribute to it being "insane" for your family. But you didn't ask about that.
It's 180k after taxes. So it's really 240. It's close to half OP's income, and ultimately will cost millions. It's an insane amount of money when you're living in a good public school district.
When your AHI is 550k, and you have that much in retirement and college savings accounts, you can spend "close to half" of it on tuition for your kids pretty easily. And it won't be tuition for all three of them for four years in a row, it will be staggered, assuming the kids aren't triplets, which they aren't.
I mean that still means stopping retirement and college savings as well as all the extras that makes working hard worthwhile.
Anonymous wrote:Anonymous wrote:Anonymous wrote:With an AHI of 550k with all of that money saved for college and retirement, you can afford private school tuition of 180k per year for all of your kids. You can add, and figure this out, pretty easily.
If you have other reservations, that are not financial, which you certainly could, that's another thing altogether, and could contribute to it being "insane" for your family. But you didn't ask about that.
It's 180k after taxes. So it's really 240. It's close to half OP's income, and ultimately will cost millions. It's an insane amount of money when you're living in a good public school district.
When your AHI is 550k, and you have that much in retirement and college savings accounts, you can spend "close to half" of it on tuition for your kids pretty easily. And it won't be tuition for all three of them for four years in a row, it will be staggered, assuming the kids aren't triplets, which they aren't.
Anonymous wrote:Anonymous wrote:Anonymous wrote:With an AHI of 550k with all of that money saved for college and retirement, you can afford private school tuition of 180k per year for all of your kids. You can add, and figure this out, pretty easily.
If you have other reservations, that are not financial, which you certainly could, that's another thing altogether, and could contribute to it being "insane" for your family. But you didn't ask about that.
This is spot on
No I am sorry. Paying half you income for private just because you think your kids are too good for public is a stupid stupid thing to do.
Anonymous wrote:Anonymous wrote:With an AHI of 550k with all of that money saved for college and retirement, you can afford private school tuition of 180k per year for all of your kids. You can add, and figure this out, pretty easily.
If you have other reservations, that are not financial, which you certainly could, that's another thing altogether, and could contribute to it being "insane" for your family. But you didn't ask about that.
It's 180k after taxes. So it's really 240. It's close to half OP's income, and ultimately will cost millions. It's an insane amount of money when you're living in a good public school district.
Anonymous wrote:OP,
It's fascinating you're getting these answers that are pro-public. If you had posted in Private and Independent Schools, which is usually where posters who are on the fence ask these questions... you would probably have been encourageed to place your children in private schools. This is logical, since that board is mostly populated by families who made that choice.
Unless you're a very socially savvy person who is seeking to connect with others of your own social standing, and perhaps down the road get valuable internships for your children with your newly made friends at these privates... private is not worth it.
I put one kid with SN and one highly gifted kid in MCPS and they both did well. I did move to the Bethesda area, to ensure I got the best MCPS schools. But I stuck with public nevertheless.