Reply to Anyone at $330K HHI have a mortgage that is $4900/month (37% of net pay / 17% of gross)?

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Reply to "Anyone at $330K HHI have a mortgage that is $4900/month (37% of net pay / 17% of gross)?"

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[quote=Anonymous][quote=Anonymous]OP here.  Thanks for the helpful posts so far.

Here's some additional info.  We are both 44 years old.  We have retirement savings of about 800K.  Thanks to help from the grandparents, we haven't had to save for our 3 kids' college educations because the grandparents have chipped $175,000 for each of the 3 kids.  We have a decent amount of life insurance (about $2.5 million on each of us).  My DH is a federal employee and, as I understand it, upon retirement in about 23 years, will get 1 percent of his salary for each year worked (which would be $23,000/year for the 15 years he's worked there so far).

In 2013, I rejoined the work force on a full-time basis (after working part-time when the kids were younger).  Part of the reason that I did go full-time was that we only have about $10,000 in non-retirement savings, and on the flip side, we have about $10,000 in credit card debt.

We don't have student loan payments or car payments.

We seems to spend an outsized amount on our nanny ($50,000) and on our kids' activities because my DH is an active type (skiing, hockey, swim team dues).  I'd be happy to cut back on these if we could just have a more spacious and open home where we can enjoy time together as a family and our kids can host their friends.  Perhaps our relatives would be willing to visit us, instead of us having to fly to visit them? :-)[/quote]

Remind me to stop opening posts like this.  I hate it when people think they're struggling when they have well paying, stable jobs AND the grandparents have helped so much.  I have 3 kids and if I didn't have to worry about college, I can't imagine what I would do with the extra money.  Oh yeah, I still wouldn't have any because I don't get paid like these people.  I just need to avoid knowing people like this exist.[/quote]

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