Date: Tue, 7 Nov 2006 09:01:48 -0600
From: Mark Bole 
Newsgroups: misc.invest.financial-plan
Subject: Re: How best to save additional funds
	iQBVAwUARVCf3Pl/I4+O31e5AQGX1QH/VOs0YT93jP79IauSUSqK83iay2ejr5Hi
	X/KRxE1EoNjqwCTmAd3CS5+fgQguD/R+WFFbGZ0Mm2bviRjO6qA/9w==
	=Qy4O

joetaxpayer wrote:
[...]Keep in mind you may take
> 401k withdrawals, post employment, without penalty at age 55. So you 
> would only need to bridge from 50 to 55,

Nope.  That exception only applies if one works up to the year one turns 
age 55.  These folks want to quit "regular" employment by age 50.  On 
the other hand, they could start the "annuitized withdrawal" option at 
age 50 with no penalty.

To the OP -- it is nice you are planning to give your kids a free ride 
through college, but remember, they can take out loans for school (which 
you can always choose to help them pay back).  You can't take out loans 
for retirement.

Also, I expect you are getting a big hit each year for AMT, much bigger 
starting next year.  Your mortgage interest and student loan interest 
deductions are also being limited, in fact many tax benefits are 
probably lost due to your income level. I didn't see any child care 
expenses shown.  Have you considered one spouse spending some time at 
home with kids?  A different kind of investment, to be sure, but one 
worth thinking about, especially when weighing the cost of LTC insurance 
vs. the likelihood that one of your kids will actually be willing to 
take you into their home in your decrepitude.

-Mark Bole