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Reply to "What Percent of Your Income Do You Spend on Childcare?"
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[quote=Anonymous][quote=Anonymous]Currently about 15% of MY income but I’ll have another kid in daycare in a few months, so double that. Without knowing your job and how much longer both kids will be in daycare, it’s hard to say. I’m generally of the mindset that [b]women miss out on too much by taking themselves out of the workforce for childcare (missed retirement, missed promotions, healthcare, etc.)[/b]. Even if you’re breaking even, there’s still a long term benefit to working. If you have a job that can easily be picked up later, that’s a slightly different question. [/quote] This. There are exceptions, but really would you ever advise someone to take 3 plus years off of work? The max 401k contribution of 19k plus any match will absolutely make a difference in retirement. [/quote]
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