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[quote=Anonymous]With average HHI of approximately $200K per year there is no way I would spend $30K per year on private schools.  Regardless of whether you may divorce in the future it's not an expense I would take on.  401ks alone set you back to $164K per year plus say another $4k per year for health insurance.  Assuming a 25% effective tax rate (fed + state) that brings you down to $120K net.  Assume at least $2K per month for mortgage plus whatever you're paying on the HELOC brings you down to at least $96K.  $500 per month into the 529 puts you at $90K.  Food is probably another $6K per year plus let's say another $500 per month for utilities, cable and cell phones brings you down to $78K per year.   You'll also probably still have to pay for aftercare either at the private school or with another provider so figure $500 per month for that too bringing you down to $72K.  Both of you should be doing Roth conversions so that's another $11K bringing you down to $61K.

I haven't even added in any allowance for home repairs, clothing, vacations, car payments or replacing cars as they age, gas, metro expense, going out to eat, medical bills etc.  You're doing well with what sounds like an average HHI of $200K but not well enough to plunk $30K per year down on private school absent a compelling need.[/quote]

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