$40K used cars, $200K in 529s, and $20K+ a year in extras-are we underestimating the real cost of college years?
Briefly

A Redditor is anxious about whether the $200,000 he has allocated for his children's college education will suffice. Influenced by reports from peers about extensive financial support, including large expenses for cars and annual allowances, he fears he may be underprepared. The dilemma lies in balancing the aspiration for an early retirement with the desire to cover his children's educational expenses adequately. Ultimately, he must decide how much financial aid he deems necessary and whether to adjust his retirement plans accordingly.
"The Reddit user expressed concern that the $200K he saved might not be sufficient, as other parents reportedly provide significant financial support, including lavish spending on cars and extra allowances."
"He is torn between wanting to provide for his children’s education and ensuring his own financial security for retirement, which raises questions about prioritization of expenses."
Read at 24/7 Wall St.
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