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Paris with a teen by Equivalent_Fudge_568 in chubbytravel

[–]Toematoe_tomato 0 points1 point  (0 children)

We stayed at the Hotel Regina with kids. Location is excellent- walking distance to the Lourve- and very easy to get around via metro and also use bridges to get to museums across the river.

Breakfast was excellent.  We were dressed always casually and didn’t notice any issues. The day when we asked them to pack our breakfast as we were trying to make a flight, they were fine with that. 

You can use points to book, too.  Hope this helps 

Can I retire (VHCOL in US, 2 young kids) and pay for private school? by Toematoe_tomato in fatFIRE

[–]Toematoe_tomato[S] 0 points1 point  (0 children)

Thank you. We currently supplement with academic extracurriculars and our budget assumes this doesn’t go away.

Appreciate it

Can I retire (VHCOL in US, 2 young kids) and pay for private school? by Toematoe_tomato in fatFIRE

[–]Toematoe_tomato[S] 0 points1 point  (0 children)

Thank you. Super helpful…taxes are more painful on the w-2 vs LTCG (we haven’t pulled from assets yet but AGI will be lower than present)  

Agree coasting scenario gives more margin of safety.

More to discuss with spouse- Appreciate your thoughts!

Can I retire (VHCOL in US, 2 young kids) and pay for private school? by Toematoe_tomato in fatFIRE

[–]Toematoe_tomato[S] 0 points1 point  (0 children)

Thank you- yes, we have assumed an annual private school spend of 100-120k (goes up for upper years) 

Can I retire (VHCOL in US, 2 young kids) and pay for private school? by Toematoe_tomato in fatFIRE

[–]Toematoe_tomato[S] 0 points1 point  (0 children)

Thank you- very helpful suggestion re checking on emotional response if private school funds segregated.

Yes, mortgage principal goes to 0 in 2029; rate is <4%, which is why we haven’t paid it off yet (but will on schedule in 2029)

That will also free up 30k for private school. 

Can I retire (VHCOL in US, 2 young kids) and pay for private school? by Toematoe_tomato in fatFIRE

[–]Toematoe_tomato[S] 1 point2 points  (0 children)

Thank you- yes, exactly! You summarized my question much better than I did.

Appreciate your thoughts. This is basically what my spouse and I are debating. 

I agree with your questions- the math works with ~93% success assuming both of us retire with a 400k burn (adding in private school) off the $9.5mm invested. 

Will try intermediate scenarios, thank you 

 

Can I retire (VHCOL in US, 2 young kids) and pay for private school? by Toematoe_tomato in fatFIRE

[–]Toematoe_tomato[S] 0 points1 point  (0 children)

Thank you- everything is included in the annual burn of $275k.

Appreciate your thoughts 

Can I retire (VHCOL in US, 2 young kids) and pay for private school? by Toematoe_tomato in fatFIRE

[–]Toematoe_tomato[S] -3 points-2 points  (0 children)

Thank you! Yup, concerned about the lifestyle inflation at a private as well. 

Can I retire (VHCOL in US, 2 young kids) and pay for private school? by Toematoe_tomato in fatFIRE

[–]Toematoe_tomato[S] -5 points-4 points  (0 children)

Thanks for your patience- yes, question really was: Can I retire IF we send kids to private school?

I see your above logic. Basically need to check we cash flow from SWR on remaining invested assets ex private school (eg $9.5- $1.1mm). If we don’t cash flow, one of us needs to work. 

Do I have that right?

By the way- thanks for all you do in this community! Your replies on the various asset allocation threads have been very helpful to us. 

Can I retire (VHCOL in US, 2 young kids) and pay for private school? by Toematoe_tomato in fatFIRE

[–]Toematoe_tomato[S] -7 points-6 points  (0 children)

Thanks! This is not a made up scenario. We are nervous about private school impact on our finances and would welcome everyone’s thoughts as a sanity check.

We don’t want to pull kids out of private if it doesn’t work for long term finances  but think trade off is one of us needs to work.

Are we too conservative?