Reply to If your HHI is 200K, how much house would you buy?

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Reply to "If your HHI is 200K, how much house would you buy?"

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[quote=Anonymous][quote=Anonymous]I read your article and I think a little bit of critical thinking is useful here.  The article discusses someone making 40k a year saving 10% 4k a year.  Your hhi is 200k a year.  Do you think saving 40k a year is necessary for a reasonable retirement?  Not to mention as a fed you will get a pension as well which should be significant.  It can be argued housing will beat the stock market but like everything else not guaranteed.  Back in 2000 the s&p was well over 1500.  Dividend adjusted its 120s up about 13% since then.  The housing market is up 50 to 100% since 2000.  I think financial planners get paid more nased on how much is invested so I think that would be a direct conflict of interest  no pun intended.  
The wife and I have never had school loans so cant comment on that.[/quote]

OP here: I understand a lot of folks think I am very conservative re: retirement. But I can't guarentee that my pension will be here forever and even if it is, I think the  most I am going to get is like 30K a year (which of course is fantastic compared to nothing, but certaintly nothing to live off of). However, I don't feel comfortable reducing it beyond 15%, when I can just wait a bit longer and save up money to buy a house.

That being said. We are thinking of reducing our retirement contrbutions for one year to give our savings a boost (but it makes me nervous). [/quote]

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