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Money and Finances
Reply to "Middle class professionals: tell me about your finances"
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[quote=Anonymous]OP, I agree that you are doing pretty well. I am 5and DH 62, with a 20yo in college and a teen approaching college. I am a lawyer, DH a teacher, and when we were your age, our HHI was about $170,000. We were putting away three hundred each month for college for each of our children. We both max out retirement contributions and both get matches (me up to 7%). DH will have a pension. I have worked part time for a decade or so, for health reasons. HHI is now about $220,000. We have continued to save at the same pace as we had before, including a total of $1,000 per month into college savings. Right now we have $1,980,000 in our retirement accounts, plus $340,000 in total college savings - enough to pay for tuition for both our children for four years provided they get some merit money. Certainly enough for in state. I think we are in pretty good shape - and you are too. So rest easy and keep it up! [/quote]
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