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[quote=Anonymous][quote=Anonymous][quote=Anonymous]With preschool expenses and childcare expenses your wife's after tax income contribution is modest. If she makes $100k about $40 goes to taxes so she nets $60. How much is preschool and childcare? My wife did this many years ago and it reduced our income by about 25% but it made her very happy and made our life a lot better. As your kids get older and are in school full time she may decide to go back to work. [/quote]

But OP's wife doesn't want to cut the preschool/childcare.  She wants to stay home but not take care of the kids.  Totally different.[/quote]

OP here. We discussed this last night and think we can cut back without compromising the savings and keeping our childcare arrangements as is. I would gladly forego some luxuries (fewer babysitters, fewer nights out, less international travel) and keep driving old cars if the tradeoff is "her very happy" and our life "a lot better"!

Now, for a financial planner. I have for years shopped around for one and never bit the bullet because it's never clear to me that they can do something I cannot on my own. And yet, there is value in a third-party saying, "It is my expert opinion that you can/cannot do this, and here's what you should do." How to proceed in the search for a planner? Thinking it's worth about $1K for a few hours of consultation and a written plan. [/quote]

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