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Reply to "How much money do we need to live comfortably?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]PP, my husband makes $210K and only nets $8,000 a month. How can you have a mortgage, daycare and still save $3,000 a month on $200K gross?[/quote] Net after what? How is your effective tax rate 54%? This doesn't make any sense.[/quote] After 401(k) contributions and health, life and other types of insurance.[/quote] He's still taking home way too little. I don't contribute to my 401K and my base is 210. My take home is over 12K/month, and that's after I've paid health and life insurance. Something's off.[/quote] Does the pp with 210 of income not itemize deductions? Or perhaps employer doesn't pay for any part of premiums and life and health premiums get deducted as well as health? Obviously, pp doesn't need to report the details here but she should look at the pay stub to find out where the $$ is going.[/quote]
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