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Reply to "Mortgage Payment on 200K salary?"
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[quote=Anonymous]Blanket statements like this make no sense. Some 401ks are horrible. I was at a place for a few years with very little match and terrible fees. I didn't put a dime in that thing. Good plan at the new job and I max out. [quote=Anonymous][quote=Anonymous]We are a little less than 200k and manage a $3,500 mortgage with one kid in day care ($1500/month) and one car payment. We are making good contributions to, but not maxing out, on retirement and college savings. We both have very stable jobs that will provide additional income, so I expect that payment to become a smaller portion of our income every year. We found a house we love in an area we expect to be in for many years, so I felt comfortable stretching for the first couple of years. [/quote] PP should try to max out, you will kick yourself later...[/quote][/quote]
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