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...but yes, we have significant non-retirement assets, so maybe that was it. Either way, I'd love to hear how it works out for you because I would think that being retired would also be treated differently than when I was out of work because there was an expectation that I would return to work.

Will do our best to think to do so. For us this is a bit of a social experiment, though frankly am getting DH out of the workforce so that he doesn't die behind his desk. I am the daughter of people who retired early and am hoping to leave our kids well set mentally and financially to be the third generation to do so. At least they won't have student loans. We have emphasized that is their inheritance and anything left when we die is gravy.

That said, I've never been under the impression that only saving in retirement accounts is sufficient to fund our retirement, and that's why we have significant non-retirement assets. I think you're younger than me, so IRA's and 401k's already existed when you joined the workforce, where they did not exist yet when I started working.

Or we just started with kids really late. Some of my peers had grandkids when Youngest was an infant, but they started really early, as did their kids.

I don't remember having IRA's and 401K's when I first started, but maybe that is more because I was simply not aware of them. We are looking at converting our cash accounts, aka non-retirement accounts, to annuities. We always have SEPP to draw on when we need to, and I have an inherited IRA I can draw on without penalty at any time. We also have whole life policies to cash in, each of which will fund almost a whole year of income. (Yes, these are not for everyone, but my FIL started them for DH when he was a kid, and for various personal reasons that probably don't apply to you it was felt best they be continued.) Pensions and SS will start in 10-15 years after we retire, well after the kids are out of college, or in the very least after we stop paying for it!

If youngest winds up joining Eldest at his school, our best move in retirement would be to grab an apartment somewhere in that state and establish residency. That alone will save us close to $20,000/kid/year in tuition alone! State schools can be a real bargain, unless you live out of state!

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