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Reply to "How much of your income are you able to save?"
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[quote=Anonymous][quote=Anonymous]I make 90k and save $18k per year in my 401k, plus $6500 per year in savings, at least $2400 in college savings for the kids, $10k in Roth IRAs and at least $1500 in extra mortgage payments. That adds up to more than $38k which is more than 40 percent of gross. If I can do that with 2 kids and only one of us working and a sub $100k salary those of you with HHIs in the hundreds of thousands and less than 20 percent are doing something wrong.[/quote] Well, if they're saving enough to retire on then more power to them. Life is to be enjoyed (if done responsibly)[/quote]
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