Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Can we afford to retire now?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]How much is your mortgage? We are aiming for $250k/year after paying off mortgage and kids’ college costs. [/quote] Mortgage and property tax is $4000 a month Our HHI is $650 k. I forgot to mention that too. Looks like we need to keep working! Ugh[/quote] Yes, because for a couple with a HHI of $650K, you don't have "much saved". A lot has likely been going to private schools. That was a choice, so now you need to finish that and spend 3-5 years saving aggressively. You need to plan for healthcare for until age 65---that could be $40K+ easily for just 2 of you (when you include the premiums and actually what your copays/deducibles are---even if you don't see a doctor much now, once you hit 50 even if very healthy that starts to change) [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
