Re:I regret selling my startup
by gnicholas on Wednesday January 17, 2024 @02:58AM
(#39024683)
It massively depends on the person and stage of life. If you have kids whom you are planning to send to college, figure that's roughly $350k per kid. If your nest egg can take that hit and still spin off enough cash for you to comfortably live off of, then perhaps your plan would work. And if you don't have kids (or they're past college), then that definitely makes sense.
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$87.5K per year per kid? Has college become that expensive since I went?
Sadly, yes. The school I went to was about $35k/yr back in the early aughts, and is now over $81k. It is not located in an expensive area, and this includes a meal plan. If your kid is in Boston or NYC, figure they're going to spend thousands more on food and going out. Not everyone does, but if daddy's a retired multimillionaire, they'll probably want to...sigh.