What do you do with that second salary?

[Anonymous]

Retirement, obviously. All of it. You are extremely far behind.

[Anonymous]

Anonymous wrote:The gross of the second salary, guys. Basically pointing out they could still save while she was at home, so this additional salary is set to be saved, gross, as a target. The taxes withheld would be then savings from the other salary.

Not hard to figure out.

I think an easier way to explain it would be to say "We used to save $20K a year when I wasn't working, I now make $60K a year, so we are trying to save all of it, which, with the $20K we were already saving, should net out to close to my gross salary of $60K, so in practical terms we think of it as saving 100% of my gross salary".

[Anonymous]

Anonymous wrote:

Anonymous wrote:The gross of the second salary, guys. Basically pointing out they could still save while she was at home, so this additional salary is set to be saved, gross, as a target. The taxes withheld would be then savings from the other salary.

Not hard to figure out.

I think an easier way to explain it would be to say "We used to save $20K a year when I wasn't working, I now make $60K a year, so we are trying to save all of it, which, with the $20K we were already saving, should net out to close to my gross salary of $60K, so in practical terms we think of it as saving 100% of my gross salary".

Or even better to answer the OPs question just say we save 100% of the second salary. Just to state that they save 100% of gross sounds like she doesn't understand math or money. And I'm actually not convinced she does even with the explanation. What a strange way to answer the question.

[Anonymous]

Do "taxes and everything" include childcare? So, 3k after childcare?