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Money and Finances
Reply to "Middle class professionals: tell me about your finances"
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[quote=Anonymous]HHI $130 right now, and we're 42 and 39. One of us has been home with young kids for the last few years but is looking for work in salary range that will push HHI to $220 or $230. We were lucky in our selection of parents and grandparents, so we have about $450k in non-retirement investments, plus $400k in retirement accounts, $150k in 529s and about half that in cash savings. Also a house worth a little more than $700k with a mortgage of about $250k on it. No other debt. We're likely to sell the house soon and buy a slightly more expensive one in a better school district, putting all our current equity into the new place. There's no question that we're rich by any standards except the bizarre and out-of-touch ones on this board. But I also don't think we'd have anywhere near as much saved if not for family assistance, which of course we did absolutely nothing to earn.[/quote]
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