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Reply to "Those of you making 1 mil-1.5 mil a year "
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[quote=Anonymous]Combined income of about $1.2M for the 2nd year in a row, with incomes just under $1M for a few years prior. We live in $2M house in Mclean but it is definitely not the kind of house I imagined living in at this income level (because prices are so high for what you get here). Our income is all W2 so taxes are a killer. We have three children and a full-time nanny who costs us $75k/year, and while the children are in public school, they have many activities that add up. We spend a good bit on vacations annually, probably $40k-$50k, and that's our one real luxury. Cars are nice but not crazy (no Range Rovers, Porches, etc.). We don't worry about money or expenses on a daily basis - and can buy pretty much anything we want, short of a big-ticket item like a car, without thinking much about it - but do worry about retirement, and having enough to fund a lifestyle we want to live in retirement (vs. worry about survival/paying the bills). So overall very lucky, blessed, and fortunate but at least in my opinion, not living the way some might imagine at this level of income. I suppose we could move to a $4M house or buy a fleet of cars if we wanted, but that would come at the expense of any savings. [/quote]
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