This father demonstrates the challenges that high-net-worth individuals face when balancing the need to save for children's education against retirement and overall financial health. Although he has built a significant $1 million in a 529 account, he must also navigate his new sole-income reality.
It's crucial to evaluate your current savings in context. The Redditor's concern highlights a common misconception; having an excess in a 529—especially with a total net worth of nearly $9.7 million—means there might be more optimal routes to direct some of that wealth. Overfunding education accounts can limit flexibility in using those resources later.
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