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Reply to "HHI to send 2 kids to private w/o FA?"
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[quote=Anonymous][quote=Anonymous]We are sending three kids with a HHI of $325K. There are lots of sacrifices, but certainly our choice. We cover the majors like mortgage (unfortunately bought at the peak), car and maximum on the 401K. Grandparents are saving for college, thankfully.[/quote] I'm reading this old thread because we are contemplating having 2 kids in private starting in 2016-2017 for middle school. (We have a much younger third child who will start kindergarten in our MCPS elementary, which we really like, for grades K to 5). Our HHI is $340,000 (with both of us working full time, albeit in family-friendly jobs). The grandparents have funded college for the 3 kids. We max out our 401(k)s now, and hope to continue because we each get a match between 7 and 8 percent of our salaries, and stock options in good years (perhaps $10,000 per year in a good year). Our mortgage is pretty low ($2500/month) because we still live in the same small house that we purchased in 2003 in Bethesda, and we are OK with just staying in that house even though the small size has many drawbacks (e.g. difficult to host holidays, no storage at all, no garage, tiny kitchen, etc). We are OK with modest vacations and vehicles. Anyone else able to pay tuition for 2 kids on an HHI of $340K, if the 3rd child is in public while the 2 kids are in private? Thank you.[/quote]
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