Hi all,
I am so glad to find this board. I have been reading a lot of messages in the last two days - so insprise.
Anyway, I am 46 yoa and my wife is 56 yoa (don't ask me how that happenned, it just happenned and I have been happy .
I have 2 kids (16 and 13 yo and have $70k saved in 529 and taxable account for their college). The rest in 401k+IRA+roth IRA (about $450k) and the house equity is about $300k, $25K in MM + CD.
My question to all of you is when you are aiming for your 1M, do you count the equity for house? Plan to FIRE in a few years, perhaps after the kids enter college (5 or 6 years from now).
Thanks, Hien
I am so glad to find this board. I have been reading a lot of messages in the last two days - so insprise.
Anyway, I am 46 yoa and my wife is 56 yoa (don't ask me how that happenned, it just happenned and I have been happy .
I have 2 kids (16 and 13 yo and have $70k saved in 529 and taxable account for their college). The rest in 401k+IRA+roth IRA (about $450k) and the house equity is about $300k, $25K in MM + CD.
My question to all of you is when you are aiming for your 1M, do you count the equity for house? Plan to FIRE in a few years, perhaps after the kids enter college (5 or 6 years from now).
Thanks, Hien