wanted to know if any moms have considered this and what you chose. I wanted to retire around 50 and do substitute teaching for expenses to not dip into 401k until retirement age. House will be paid off. Kid1 would be a freshman in college right around my age 50 though…. Kid 2 will hit freshman year when I’m 53. Since FAFSA looks 2yrs back, do I retire at 48 & maybe get more aid or work extra years to cover college costs and assume no aid due to high income?

like
Posting as :
works at
You are currently posting as works at

Love this post! Don’t have an answer but my goal is to save as much as possible. The issue is projecting college costs. 😔

My house won’t be paid off but will be in a similar situation with college age kids. Great flag about FAFSA looking two years back.

I’m going to discuss this scenario with my FA.

like

That is the kicker. We have no idea how high costs will go and I’m a little nervous about that. Separately though, it’s a catch because while putting money into 529s, I don’t want to over do it either in case they decide to not do college for some reason. Granted, the money can be used for trade school and certs as well, but one kid may just be a starving artist or teach their niche interest without form education. In that case, I’ll have too much in the 529 and have to figure that out. It’s a crap shoot.

Maybe kid will want a gap year, or will go to trade school or tech school or no school, or maybe can work and be responsible for his/her own education.

like

Also valid and we would be fine with any choice as long as they do something not on my couch, but with the crazy cost of living continuing to rise, I’m anticipating we will need to help support their launch into adulthood in some way to make sure they are set for success. I would never expect them to be on their own entirely with their costs, it’s just too high and I’d rather they not be in debt. We already have plans as well to help with down payments for a first home. Again, not a requirement as a parent, but something we want to do to ease the burden.

like

My goal is to save enough to put my kids through college before retirement, assuming no aid.

Great idea! I'm a bit cautious so would probably work FT until kid 2 gets through college, and then go part time. Suggest looking further into details about financial aid. When I went through college 20+ years ago, we had to report all family resources (savings, investments, home, etc.), not just income.

You definitely report all funds, home is not considered an asset to FAFSA nor is 401k, so pumping money into that is safe enough, BUT the 529 savings will for sure be included plus any money we have in other investments to live until old enough to pull retirement $. That’s what’s going to trip us up. I definitely won’t be working until the end of college for kid 2 at least in the career/salary job, but am willing to stick around a little extra to make sure I know their college costs and have it covered if needed.

Related Posts

Anyone else dread baby showers? I don’t want to go to my friends baby shower just because of the social aspect of it. Dreading the side conversations that I may have. I know it’s to focus in on my friends upcoming baby but I’d rather just do a 1:1 to catch up. What’s the best way to change your RSVP without lying and looking disrespectful?

like

Hi all,

Does bny provide bny reimbursement.

Hi fishes ,

I received an offer for senior manager position in PWC .

Can you please let me know about the health insurance coverage as it is not mentioned in offer letter.

Please also inform if parents can be included in health insurance provided by PWC.

like

I was approached to work in EY Melbourne. I was promised for a visa sponsorship. I have several questions:
- What is the work culture there? Is it fast paced or a bit relaxed?
- What’s the salary range for experienced consultant?
- Do they have a health insurance?

TYIA

like

Coming from ACN, senior analyst, 3yrs total experience so far & wanting to get into the data analytics/BI work. Currently have had experience working with SQL developer, OBIEE/OBIA, Teradata in ERP and Healthcare projects. I also have my AWS Cloud Practitioner Cert, hoping to eventually get the Data Analytics Cert later. What are my chances of finding a role with another company that'll let me work in BI/data analytics and build up my skill at the same time? Been thinking of leaving ACN.

like

Had a miscarriage.. it’s my 1st baby and we didn’t find out until 12 weeks (via ultrasound) that the baby passed away at 9 weeks and had to get a dnc. My body is still recovering.. Just want some hope or I guess stories of success after having a miscarriage. I do have pcos so it’s harder for me to get pregnant.. but it still happened. Anyone have any thoughts or advice? Does it get better..?

like

What benefits in terms of tuition reimbursement does Citi provide. Does Citi provide reimbursement for FRM and CFA certifications.

Also does Citi allow leave to be carry forwarded or leave encashment ?

like

Health insurance exchanges, am I right?

funny

Just venting. My husband is so much into watching his tv show that he is not at all interested in planning the baby shower or even in making the registry. It just feels that I am doing everything right now and his priorities are just around watching his TV show. I get that he needs his me time but our baby shower is few weeks away and we have not sent out the invite yet, do not have the registry finalized (I cannot do it as he wants to be involved or will make changes over my selection). Contd…

anyone else feels stuck at current job, but not able to apply due to upcoming paid maternity leave benefits that you don't want to miss out on? currently still in first trimester !

likehelpful

What were people's 401k /pension balances at 30?

Feeling behind at $40k but making big headway now saving 10% and pwc wealth builder at 6, (26k a year on 160k)

like

How concerned are you about inflation? We have 70% savings rate and 50% of our expenses are housing / utilities of which the largest part is rent which is a fixed contract (no CPI escalation, no automatic increases, paying same rent for 4 years). No car as we are living in a large city. So if I look at the components of CPI and what’s rising I am feeling pretty „good“ about it. The one thing I am „worried“ is asset inflation but obviously that benefits me directly. What am I missing?

like

Has anyone gotten to the point where it is physically painful to try and concentrate? Not sure what to do at this point; had Ritalin for a bit, but I adjusted in like 10 days before the benefits went away. Now I’m scared I’ll just keep getting worse

like

Hi All,
Will it profitable to stay in LTi as I have completed 17 months here and currently at P2 grade (Senior Software Engineer) ?
I'm working in CITi project since 17 months, premapped ro project so, not a single I was in bench til now. In this January they retained me with 70% hike :).
YOE - 5.6 years
Skills Set :- Java, Springboot, Microservices, SQL.

What all benefits I can get from LTi in next 6 months or so ?
Like Promotion to P3 and OnSite ?

I didn't start looking for opport.

Thanks,

like

How soon did you tell your office you are pregnant? When is the best time?

Definitely took the wrong job. I was offered a seriously competitive salary and great benefits to work at a well funded startup, which is great! Turns out the salary and benefits were meant as lowkey bribes to insure I worked at the company without actually doing any work. Every single suggestion I've made has been shut down and I've been ghosted for several meetings with the CEO. What should I do? Just leave?

like
like

Honestly, I’m done with covid. I’ve done all I can do, the rest is in God’s hands. Come at me telling me about how I don’t care about anyone but myself, x y and z. I quarantined, masked, vaxxed. What else can I do? I’m going to start living life like it’s 2019 again.

likeupliftingfunnysmart

Kuch tareef kardo deloitte india ki .. I have heard so much negative that there is no wfb here .. planning to join this. Apart from salary what else benefits we get here like shift allowance and what about hikes ?

like

More Posts

Any of the larger production companies you generally try to stay away from? I know it’s all about the best talent for the creative, but which shops are a massive headache to you? 😊

like

if you could spend 3 weeks in any city around the world, where would you go? Would you mind sharing a few reasons for your choice?

like

How do I get WLB?

like

I’m willing to pursue Executive or Part-time MBA, and I would like to know which employers sponsors for executive/PT MBA and how much % of total MBA cost do they sponsor ?

like
like

anyone else work at a health care agency that got acquired? wondering what to expect

like

Anyone have the name and contact info for the HR Lead at WundermanThompson Health? I need it for a background check and can’t seem to find it anywhere. TIA

Anyone in Boston?

like

Which big4 has best deals practice? FDD, M&A tax, etc

like

I have H1B visa from previous company. Does anybody know the process to transfer it to PwC?

PS - Just wanted to be prepared for travel if any opportunity comes. I know it is long shot as travel is restricted.

like

Hi Folks,

I am planning to do SAP HR sucessfactor and AIHR course full academy one. Are they good? Does they have practical applications? I have 7 yrs of experience in HR Operations and Recruitment in Delhi, India.

like
likesmart

I've got an offer for Hamburg @ 5000 Euro monthly, currently based at 20.5 lpa and married with wife at 10 lpa.
What do you guys think, would it be a wise decision to move to Germany?

like

Question!
* Anyone ever feels like when their salary gets credited -> “This figure is disappointing!” vibes *???

like

This new strategy of not letting Joe Biden campaign in front of the American public is genius!

likefunny

Does anyone want to be my M&A coach? Will pay.

like

Hello Guys,

I joined
Cognizant recently, the project interview calls which I am getting is not from my base location.
I have the location constraint, should I wait for the right opportunity or raise this concern to ADP team so they can look in to it?

As per ADP policy, one should not have any constraints and take the project as FCFS basis.
Cognizant

like

Hello, I have recently relocated in Chicago and looking for recommendations to spend the coming holiday week in the windy city!
What are your favorite must do things or places to visit in Chicago for Christmas and New year Celebration?🎉

like

New to insurance, please can someone explain what "capacity" means in the context of a managing general agent or coverholder in the insurance world? E.g. "An MGA securing more capacity to write D&O lines"

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal