Reply to How did you decide it was fiscally doable to stay at home

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here.  I am a commercial litigator at a large law firm.  It is very hard to get back into the law (especially litigation where you are a dime a dozen) after taking time off.

To all those saying live of DH's salary for 6 months, that is what we currently do.  My income goes to paying the nanny, preschool, and additional monthly savings, i.e., college savings, additional life insurance premiums, vacation fund, etc.

[b]Those additional savings would have to go (or we would drastically have to change our lifestyle) if I was to stay home.  So I guess the question isn't whether it is actually feasible to stay home, but what were you willing to give up financially to stay home.[/b]  [/quote]

Exactly.  If you're willing to give up preschool, college savings, more life insurance (which you'd need even more with only one working spouse) etc, then I guess you could do it.  I wouldn't (my kids' college education is fully funded via inheritance, as is most of retirement, but I still work - just too many unknowns).[/quote]
how do you know if retirement fund is 'fully funded'?[/quote]

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