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Reply to "Dual income HHI ~$150k, what do you do?"
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[quote=Anonymous][quote=Anonymous]2017 AGI ~$175K after taxes/pre-tax investments/other deferrals DH - consultant at an international finance organization, regular work hours, $127K DW - registered nurse, part-time/flexible hours, $48K We're mid-30s, one child, with a few hundred thousand in investments (mostly IRAs/401k, some in 529), no debt, and a decent emergency fund. We rent in our NWDC neighborhood, which is out of our price range to buy responsibly. We feel "behind" in some ways, though don't feel bound to DC forever and think we'll "catch up" if/when we step off the DC treadmill (likely if we have another child).[/quote] Yes.. if you really want to save or buy a house, you need to give up living in such a high col city with that income. Not sure why you would wait for #2 when expenses go up. I would make more sense to do it now, and start saving more for #2.[/quote]
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