Reply to Middle class professionals: tell me about your finances

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[quote=Anonymous]42yo Single mom. I make $135k and get another $6500 plus half daycare costs in child support. Have 1 in full time daycare, and one in aftercare.

I have $500k in retirement savings, about $60k in liquid assets, and $250k equity in my house. I started a Roth at my parents urging as soon as I had income, and started a federal job at 25. I’ve never maxed, but have at least had a long track record with a 5% match. I am working on upping my contributions to get to max (just went to 11% and need to get to about 13%). Barring any changes to federal pensions, I also expect to have ~40% of my income in retirement.

I feel good about all of the above but feel very behind on college savings. My 6yo has just under $17k and my 3yo under $8k. I’m only putting in $100 a month each for them. Their Dad also has accounts for them, but his balances are even less than mine and he puts in $100 a month between them. Hoping that once the younger one starts school I can start putting a bigger chunk in each month. [/quote]

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