What is you Mortgage Payment and Gross Salary?

[Anonymous]

ouch on the childcare costs - ours are less than 1/2 that (one in a family daycare). Although I guess that's what we have to look forward to. Best of luck with the raise.

[Anonymous]

I paid off my house in 1992 and recently moved into a 2 bedroom townhouse rental for $575 + utilities ( about $120 a month). I will NEVER shovel snow again! My housing expenses now are about the same I paid in taxes , fees, insurance, and upkeep as a homeowner. Now I have no headaches, no lawn care, no dragging heavy garbage totes...building maintenance takes care of it all!

[Anonymous]

Anonymous wrote:I paid off my house in 1992 and recently moved into a 2 bedroom townhouse rental for $575 + utilities ( about $120 a month). I will NEVER shovel snow again! My housing expenses now are about the same I paid in taxes , fees, insurance, and upkeep as a homeowner. Now I have no headaches, no lawn care, no dragging heavy garbage totes...building maintenance takes care of it all!

Where in the DC area can you rent a 2br TH for $575 a month? I cant even find a 2b for $1575 a month.

[Anonymous]

$400-500k hhi (depends on bonus)

$6,000/month io mortgage, t&i (7 year reset)

of note - cleared $400k+ on previous house sale in 2005

$600/month before/after school care

put away approx. $41k annually pre-tax

[Anonymous]

How do you put away 41k pre-tax? I mean, that exceeds the 401(k) limit. What else is pre-tax savings?

[Anonymous]

sorry but here are the aggregate facts:

13 Billion in Personal Debt.
11 Billion in Disposable Income

OK, got it? look at the census bureau reports (though we have no director, obama what's going on?)

[Anonymous]

income = 150K combined
rent = $2500 month
nanny = $1600 month
student loans = $350 month

no car payments

Savings = $75K
retirement = $50K combined

Ages 29 and 29

[Anonymous]

"Where in the DC area can you rent a 2br TH for $575 a month? I cant even find a 2b for $1575 a month."

You do know that this is the global Net, not restricted to the Beltway?

[Anonymous]

Anonymous wrote:"Where in the DC area can you rent a 2br TH for $575 a month? I cant even find a 2b for $1575 a month."

You do know that this is the global Net, not restricted to the Beltway?

you sure are busy tonight!

[Anonymous]

Anonymous wrote:How do you put away 41k pre-tax? I mean, that exceeds the 401(k) limit. What else is pre-tax savings?

I am not the op of that post - but if you are a partner in a firm, own your own business, or otherwise count as self-employed, there are other pre-tax retirement vehicles that you can take advantage of such as an SEP-IRA and various acronyms. Some of these let you put as much as $45K per year away pre-tax.

[Anonymous]

Anonymous wrote:"Where in the DC area can you rent a 2br TH for $575 a month? I cant even find a 2b for $1575 a month."

You do know that this is the global Net, not restricted to the Beltway?

This is DCurbanmoms, right? How can someone who rents a 2br TH for $575 a month, relate to this expenses associated with this thread?

[Anonymous]

The renter is a hillbilly that just discovered the "global net". I guess that is hillbilly lingo.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How do you put away 41k pre-tax? I mean, that exceeds the 401(k) limit. What else is pre-tax savings?

I am not the op of that post - but if you are a partner in a firm, own your own business, or otherwise count as self-employed, there are other pre-tax retirement vehicles that you can take advantage of such as an SEP-IRA and various acronyms. Some of these let you put as much as $45K per year away pre-tax.

Or, if you each max out your 401k, that's 31k, and if you both get a partial match from your employer that could easily be another 10k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How do you put away 41k pre-tax? I mean, that exceeds the 401(k) limit. What else is pre-tax savings?

I am not the op of that post - but if you are a partner in a firm, own your own business, or otherwise count as self-employed, there are other pre-tax retirement vehicles that you can take advantage of such as an SEP-IRA and various acronyms. Some of these let you put as much as $45K per year away pre-tax.

Or, if you each max out your 401k, that's 31k, and if you both get a partial match from your employer that could easily be another 10k.

That's right - we both max - $31K total, plus a nice match from my job -- puts us over $40k pre-tax. Of course that was before the market lost half of its value.

[Anonymous]

Anonymous wrote:How do you put away 41k pre-tax? I mean, that exceeds the 401(k) limit. What else is pre-tax savings?

I work in higher ed and get to defer into two different plans at the limit (if I elect to do so). DH just defers the permitted amount into one plan via his work.