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r/FIRE Guy planning on spending 1.1mm on two kids college

https://www.reddit.com/r/Fire/comments/1ktptqf/possible_to_r...
sapphire arousing institution
  05/31/25
not Ivy League material tp
180 embarrassed to the bone office
  05/31/25
...
sapphire arousing institution
  05/31/25
But did the younger ever have the makings of a varsity athle...
spectacular locale genital piercing
  05/31/25
cq
180 embarrassed to the bone office
  05/31/25
... or is she really hot?
fuchsia trailer park
  05/31/25
...
Irradiated Grizzly Quadroon Tank
  05/31/25
...
Gay shitlib school
  05/31/25
US is a retarded country and Amerikkkans are retards. WTF ev...
Mischievous jet-lagged point
  05/31/25
Jews are somehow responsible for this mess
sapphire arousing institution
  05/31/25
No way... Jews arent like that, tuition for intl students at...
Mischievous jet-lagged point
  05/31/25
...
Sexy hall
  05/31/25
Dude is 48 and his income is $200,000 and he has a rental ho...
bearded church
  05/31/25
later he mentions his parents paid for his education and his...
Mischievous jet-lagged point
  05/31/25
You forgot about sucking on the gov't tit. Lot's of well off...
fuchsia trailer park
  05/31/25
yea SS and Vet disability is biggest scam, goy birdshits shl...
Mischievous jet-lagged point
  05/31/25
...
fuchsia trailer park
  05/31/25
...
sapphire arousing institution
  05/31/25
Cr, all of it
Gay shitlib school
  05/31/25
The $1.5M in brokerage is probably an inheritance from paren...
aquamarine vivacious resort
  05/31/25
20k car loan at that income and NW seems odd
Gay shitlib school
  05/31/25
Possibly 0% apr but he should've said that. Also probably f...
Irradiated Grizzly Quadroon Tank
  05/31/25
The numbers don't add up unless he hit on crypto or somethin...
Gay shitlib school
  05/31/25


Poast new message in this thread



Reply Favorite

Date: May 31st, 2025 4:13 AM
Author: sapphire arousing institution

https://www.reddit.com/r/Fire/comments/1ktptqf/possible_to_retire_comfortably/

Long time lurker, first time post. Posting from a burner account.

I am 48M, Wife is 42F. 2 kids 17 and 15. First kid will start college in Fall 2026, second kid will start in Fall 2028.

Networth: $4.2MM

Breakdown:

Taxable Investments: $1.5M

Traditional IRA: $630K

Roth IRA 1: $235K

Roth IRA 2: $150K

SEP IRA: $ 35K

401K: $640K

529 Plan: $125K

Equity in houses:$1.3M

One rental house, $700K, paid off. Generates $30K/year net in rent.

Primary house, $1MM, with $400K mortgage

Liabilities:

Primary Mortgage (2%):$400K [Loan ends in Sept 2036]. Mortgage/month is about $3700.

Car Loan:$ 20K

Total current combined income before taxes: $340K.

Would like to spend about $10K/month in retirement.

I would like to retire when I turn 55 in about 7 years. By that time, I will still have 3-4 years of mortgage left. (I would love to retire early but dont know if it is feasible)

Kids education:

---------------

Planning to spend $1.1M on kids education from 2026-2032.

My wife's parents and my parents paid for our schools completely. Started our lives with no debts which was hugely helpful. so we would like to follow the family tradition of paying for our kids college.

Why so high? My older one is a Ivy league material. He wants to do Law degree after undergrad. 7 years of education at $100K/year. My little one (not Ivy league material) wants to go out of state, so budgeting for $100/K (this might be on the higher side)

Plans:

------

My wife would like to retire this year. Stressed & tired of work. If she quits, this will make our total income to $200K.

Given this - questions:

- Can we comfortably retire if my wife decides to quit this year and still keep up our promise to pay for our kids education?

Happy to add any other information that I am missing.

(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48975856)



Reply Favorite

Date: May 31st, 2025 4:18 AM
Author: 180 embarrassed to the bone office

not Ivy League material tp

(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48975860)



Reply Favorite

Date: May 31st, 2025 4:19 AM
Author: sapphire arousing institution



(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48975863)



Reply Favorite

Date: May 31st, 2025 5:01 AM
Author: spectacular locale genital piercing

But did the younger ever have the makings of a varsity athlete?

(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48975887)



Reply Favorite

Date: May 31st, 2025 5:02 AM
Author: 180 embarrassed to the bone office

cq

(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48975889)



Reply Favorite

Date: May 31st, 2025 5:43 AM
Author: fuchsia trailer park

... or is she really hot?

(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48975896)



Reply Favorite

Date: May 31st, 2025 7:58 AM
Author: Irradiated Grizzly Quadroon Tank



(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48976010)



Reply Favorite

Date: May 31st, 2025 7:59 AM
Author: Gay shitlib school



(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48976012)



Reply Favorite

Date: May 31st, 2025 4:19 AM
Author: Mischievous jet-lagged point

US is a retarded country and Amerikkkans are retards. WTF even bother sending ur dumb kids to US schools? Send them furkingabroad for UG, it doesnt even matter. They can still take LSAT and apply to shithole LS. Its furking retarded as shit no one has done anything abt these inflated tuition costs, all univ admins shld be raped by lizard

(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48975862)



Reply Favorite

Date: May 31st, 2025 4:19 AM
Author: sapphire arousing institution

Jews are somehow responsible for this mess

(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48975865)



Reply Favorite

Date: May 31st, 2025 4:25 AM
Author: Mischievous jet-lagged point

No way... Jews arent like that, tuition for intl students at Tel Aviv Univ is $11k

https://international.tau.ac.il/fees_and_expenses

Jews wld never infiltrate a foreign country and inflate tuition fees to enrich themselves. They arent like that, their religion isnt like that at all and they never ever wld do that nor wld Jewish bankers, politicans or any other Jew engage in that type of money hungry behavior.

(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48975869)



Reply Favorite

Date: May 31st, 2025 10:10 AM
Author: Sexy hall



(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48976216)



Reply Favorite

Date: May 31st, 2025 4:44 AM
Author: bearded church

Dude is 48 and his income is $200,000 and he has a rental house and 4m net worth?

Family money is at play, or it’s just made up bullshit like everything else on Reddit.

I can’t imagine ever allowing my kids to go to law school. Jesus H Christ it is not worth it. To wind up at 40 emailing your underlings depo tips at 3:30am on Saturday morning because you can’t sleep and you’re in so much pain—physical, emotional, spiritual, unspecified.

(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48975881)



Reply Favorite

Date: May 31st, 2025 4:47 AM
Author: Mischievous jet-lagged point

later he mentions his parents paid for his education and his wifes did also for her and thats why he wants to pay for his kids so obviously he has family money

it also means he's goy, ive learned that any time someone sounds self made rich they are nowag or nowig, if they just have money and it doesnt add up its a furking kike or goy. i bet there are barely any self made goys left in the US

(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48975882)



Reply Favorite

Date: May 31st, 2025 5:42 AM
Author: fuchsia trailer park

You forgot about sucking on the gov't tit. Lot's of well off goys that came from nothing working the system.

(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48975895)



Reply Favorite

Date: May 31st, 2025 6:04 AM
Author: Mischievous jet-lagged point

yea SS and Vet disability is biggest scam, goy birdshits shld be ashamed of themselves, they have no honor like hindus

(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48975910)



Reply Favorite

Date: May 31st, 2025 6:22 AM
Author: fuchsia trailer park



(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48975914)



Reply Favorite

Date: May 31st, 2025 11:14 AM
Author: sapphire arousing institution



(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48976366)



Reply Favorite

Date: May 31st, 2025 7:49 AM
Author: Gay shitlib school

Cr, all of it

(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48975995)



Reply Favorite

Date: May 31st, 2025 9:17 AM
Author: aquamarine vivacious resort

The $1.5M in brokerage is probably an inheritance from parents who passed away. They may have also helped him with his properties. That's why he wants to help out his kids too. My finances are set up to be able to fund my kids' education and give each a sizable six fig sum for a down payment on their first house because I know it will make an enormous difference in their financial wellbeing rather than waiting till their 60s to inherit from me. The sooner they can max their 401ks and IRAs instead of wasting it on rent or the forever scramble to save for a down, the better.

The rest of his finances makes sense if you assume he went straight into a good analyst role post college, never got laid off, and was frugal and reaped the benefits of 20+ years of market gains and housing appreciation. He's making 200k at 48, which is a good outcome in life outside xoxohth.

As for law school, a a good law degree is a reliable ticket to a solid six fig income life. Sorry you don't like being a lawyer.



(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48976106)



Reply Favorite

Date: May 31st, 2025 7:44 AM
Author: Gay shitlib school

20k car loan at that income and NW seems odd

(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48975990)



Reply Favorite

Date: May 31st, 2025 8:01 AM
Author: Irradiated Grizzly Quadroon Tank

Possibly 0% apr but he should've said that.

Also probably full of shit and the investments + rental house are what he expects to inherit from his boomer parents

(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48976016)



Reply Favorite

Date: May 31st, 2025 8:06 AM
Author: Gay shitlib school

The numbers don't add up unless he hit on crypto or something

(http://www.autoadmit.com/thread.php?thread_id=5731715&forum_id=2E#48976023)