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Reply to "How much do you earn to afford private school?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Our HHI is $540K before bonuses (though our industries typically do pay full bonuses...which boosts HHI to a total of $676K). We have one in lower school at an independent private that is in the $30-$40K range, and another we’ll send in a couple years. It’s not been a struggle with our current HHI though I do fret what might happen if one of us scaled back to a less lucrative career. [/quote This has to be a toll. Unless you have unusually high expenses, the math doesn't add up.[/quote] I was the OP on this thread, and not a troll. Yes. if we HAD to, we could afford private school for both (and I know others certainly do it on much less HHI), but if we lost $100-$150K of income because one of us scaled back, it would mean cutting back on other things like our aggressive retirement and 529 savings (we are not extravagant compared to colleagues or peers, but we would like to retire in our early 50s, and both are children are very young). [/quote]
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