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[quote=Anonymous][quote=Anonymous]We bought a new home last year and have a 7k/month payment for the house. We have one kid in preschool and another on the way. Our HHI is 400k and will go up to 5, maybe 6 in a few years but not immediately. We have no other debt. About 600k in equity in the house via the down payment. 401ks combined have about 500k. We are both 35. My concern is that there’s not tons left over after the mortgage to allocate toward the new baby once they’re born. Grandparents will probably fund a nanny to help us out. We discussed this with them before deciding to get pregnant. Any recommendations on improving our financial situation? [/quote] You bought a $2.5M house on a $400k HHI?[/quote]
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