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Reply to "Can two fed govt job family afford to send two kids to elite private school?"
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[quote=Anonymous][quote=Anonymous]Of course you can. This is an oversimplification, but it just means your HHI would be $240k. Are people really thinking that's not still a perfectly reasonable amount to live comfortably on? Let's not forget: they have a 15 year mortgage. House will be paid off when kids are in college. Also sounds like they will have 2 pensions. And, at $240k, they can still find a way to max out their retirement savings. Of course, $60k a year for 2 kids for all those years is a ton of money. You sure you can't put that towards a house in a better school district? Seems like you could get something pretty nice for less money, and it's an investment so you get something back when you sell.[/quote] It does not mean that their HHI would be 240k because the 60k comes out of post tax money...,[/quote]
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