Reply to Why is $275k hhi now so poor?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP I don’t know what to tell you that you won’t immediately argue w but we are in our late 30s/early 40s, make about 175 HHI and have 2 kids (family of 4), max out 401k, save for our kids’ college, have an large amount in an emergency fund, etc. If you can’t have a nice lifestyle on 275 w no kids you are doing something very wrong. [/quote]

NP. How much do you save for kids college yearly and what is a “large amount” for your emergency fund? Unless you have a paid off home, I can’t imagine maxing out 401k’s on this HHI and being able to substantially contribute to 529 and have a nice lifestyle also. [/quote]

We have about 18,000 in the emergency fund. I consider that large as it would cover about 3 months worth of expenses if needed. I’d like it to be more though. We don’t contribute as much as we’d like to 529 as we prioritize our retirement savings but our parents do also contribute to 529s. I didn’t say we have a “nice lifestyle” I was saying I can’t imagine how a couple w 100k more HHI than we have and no kids couldn’t have a nice lifestyle. but we have a good enough lifestyle even at our HHI—nothing fancy but certainly solidly middle class.[/quote]

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