The average Midwest person would not understand a middle class DC person. Under five million in assets and under 400k income is middle class

Anonymous wrote:47/45

210k income
Net worth $1.08M with like $800k in 401k accounts. 0 in 529s, 3 kids. We're in the donut hole and my wife doesn't believe in 529 accounts.

Your wife is mistaken, but you’re in a pretty good position. You have a lot in your 401ks for your age, so if you take a few years off from contributing to retirement to cash flow college, I think you’ll be OK.

Three kids might be tough, though. We have a similar income, similar retirement savings (though one spouse is in 50s, so a little worse off) and we have about 60k so far in our two teens’ 529s. I’m focusing on the junior right now but it’s a little terrifying to know another college tuition is coming up in four years…