Bogged down with savings

[Anonymous]

I should feel like we save plenty but somehow every year around tax season after writing a big check, I feel we just don't save enough for our income. We have a hhi of about 350k, some childcare expenses, student loans, and mortgage, etc. After maxing out our retirement, we save only about 55-60k a year. Just seems low for our income. Am I right?

[Anonymous]

Cry me a river.

[Anonymous]

On the off chance this isn't a troll:

No, you are night right. 17% savings in addition to max retirement should not keep you up at night.

[Anonymous]

Anonymous wrote:I should feel like we save plenty but somehow every year around tax season after writing a big check, I feel we just don't save enough for our income. We have a hhi of about 350k, some childcare expenses, student loans, and mortgage, etc. After maxing out our retirement, we save only about 55-60k a year. Just seems low for our income. Am I right?

Feels about right. $290K here and we save about $30K after maxing retirement.

[Anonymous]

Waaaaah, I save more than most Americans earn in a year.

[Anonymous]

Curious as to why you are not paying off your student loans if you have that much money leftover after retirement savings.

[Anonymous]

OP, you're boring.

[Anonymous]

Anonymous wrote:Waaaaah, I save more than most Americans earn in a year.

+1

[Anonymous]

OP, our income is about the same and we save less than you do, if that helps. before kids we saved a ton, so now that we can't really put much in savings at the end of each month it does bum me out, too. I really think that you're doing ok.

[Anonymous]

Anonymous wrote:Curious as to why you are not paying off your student loans if you have that much money leftover after retirement savings.

My interest rate for student loans is less than 2%. Our leftovers go towards 529s and index funds so hopefully they are earning more than 2%.

[Anonymous]

Anonymous wrote:OP, our income is about the same and we save less than you do, if that helps. before kids we saved a ton, so now that we can't really put much in savings at the end of each month it does bum me out, too. I really think that you're doing ok.

Thanks for that input. Definitely can't wait till childcare expenses are finished.

[Anonymous]

I find this post funny. Do you?

[Anonymous]

The world's smallest violin finds this thread quite sad, actually.

[Anonymous]

OMG. That's all.

[Anonymous]

Why can't people with higher incomes post questions without getting mocked? Asking a money forum if you are saving enough based on your income is a completely legitimate question. If you don't know the answer or like the question don't respond.

OP: Given that you are maxing out on retirement and have childcare costs your savings rate seems adequate. I would recommend that you truly are saving enough for retirement.