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 "S/O American Dream. Would $500-750k HHI be enough for this lifestyle?"
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]500k seems tight for this TBH. Assuming the kids are in public school - private school would absolutely not be doable on this. Full summer sleepaway camp is 20k per kid. Fully funded 529s is another small fortune per kid. If you have two parents maxing out 401s and getting insurance through a private employer, your taxable income on 500k gross goes down like 425k. After taxes you’re looking at about 275k for all living expenses, camps, vacations, college savings, brokerage contributions/savings, medical deductibles and out of pocket costs. A birthday party at a simple venue like a bouncy place is easily a thousand dollars per kid. Childcare for babies. Etc. feeding a family of five without worrying about takeout costs adds up quickly [/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
