Reply to $600K-$800K HHI

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Reply to "$600K-$800K HHI"

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[quote=Anonymous][quote=Anonymous]For something a little different....

We are just scraping the bottom edge of your range...hitting 610K for the first time in 2023 in our mid-40s.  We were at 300k at 30 and steadily climbed for the past 15 years.  I'm not saying we did it right, but this is us:

- 2.5M in retirement with one solid fed pension and one very good Fed pension that should net us around 150K py in retirement.
- 600K equity in our house
- 100K in other investments (this includes our emergency fund)
- 250K in 529s for 2 kids currently in HS

Everything else, we spend.  We travel a ton. We spend a lot on experiences and food.  I'm not saying it is for everybody, but with the pension and safety net, we do not prioritize saving.  
One regret is not saving more for college.  We can likely cashflow any more we need, but lifestyle will take a hit.    [/quote]

I’ll make you feel better, a lot better:
Both of us 52. HHI is $650-$700k. We just reached this level in the past 2 years. Previously, we were making a lot less.
Home equity is about $800k
Combined retirement is $1.25 million. We put in about $100k/year.
2 kids, one in college, one a jr in HS. Combined $90k in 529. We are basically cash-flowing college, putting in $4k a month, ongoing.
Spend about $20-$25k/year on vacations.

I have been trying very hard to get DH to save more for retirement. He’s a smart guy who has been really dumb about money. I finally got him to agree to see a financial advisor last year, and that was very helpful. I think he’s banking way too much on us inheriting some money. Even if we do, it won’t be millions. [/quote]

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