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Episode 3405:
Craig Stephens breaks down the future costs of college for his three children and how these projections impact his retirement timeline. With detailed modeling, realistic assumptions, and a surprise family update, he explores the financial trade-offs between saving for education and maintaining long-term retirement goals, all while embracing the unpredictability of life.
Read along with the original article(s) here: https://www.retirebeforedad.com/greatest-risk-to-retirement-goal/
Quotes to ponder:
"Kids come with a price tag, but ultimately they are priceless."
"Estimating the cost of college 15 years out is not an exact science."
"Any change to a variable alters the numbers by tens of thousands of dollars."
Episode references:
The World’s Simplest College Cost Calculator: https://www.savingforcollege.com/calculators/worlds-simplest-college-cost-calculator
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Optimal Finance Daily - Financial Independence and Money Advice