Reply to Dual income families, what is your HHI?

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Reply to "Dual income families, what is your HHI?"

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[quote=Anonymous]I am curious what people mean when they say they "max out" retirement.  When you say you max out 401ks, do you mean you contribute the absolute maximum that you can (I think for this year, it's $16.5K), or do you mean you contribute what you need to maximize your employer match?  To me, it would be the aboslute max.  And when you say you "max out" retirement, what does that mean in addition to your 401k contributions?  That you each have an IRA that you fully fund each year?  That's what it means to me, but again, I just want to know if that's what other people intend as well.

To the pp above with $250k HHI and a $5k mortgage, how are you making that work with such a large margin to not feel pinched?  I mean, I know the numbers work out, but you say you're also spending $10k a year on a house project, and have daycare costs.  I know when our mortgage was at $4k on about the same HHI, we felt a little pinched in terms of having much extra cash after committing to retirement and college savings (and we have no car payment or credit card debt, just a small student loan).  Do you think you are particularly frugal in terms of other household expenses?  [/quote]

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