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Reply to "If you’re a military family..."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes! We make about 350K per year and max out everything. That's sound financial planning. His 5K pension is only about half we'll need in retirement.[/quote] So, you are comparing yourself to making $350k to other families making $60-100K... and you need $10K a month in retirement. You sound very high maintenance. [/quote] Who makes 60-100K? Most of the military families we know in the DC area are making 200K+ Not sure what you mean by high maintenance. We are 20+ years from retirement so 10K won't be worth what it is today.[/quote] Let me guess you only know officers. You don’t need $10k a month to retire. Most live on far less. [/quote] The OP is an officer family...so we aren't talking about enlisted. If you live in an expensive locale then you need more than 5K a month. Neither of us come from inexpensive areas of the country so even if we left DC and went "home" 5K wouldn't cut it. [/quote] She started the discussion about military families. Not high ranking officer families. Once your kids are out of the house, you own a house, $5K is plenty. [/quote]
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