Reply to If you make 500-600k range and are married with kids

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]$500k

[b]PITI: $4900
Nanny: $4000[/b]
Sports & Activities (kids are mid-elementary school): $800
529s: $1500
[b]Investment: $1500[/b]
Max out 401ks (x2)[/quote]

This is my fear of getting a nanny or moving to a more expensive house.  Our salary is only 375k (bonus a lot more) and we save at least 5k per month after retirement.  I can’t imagine earning 500k and only being able to save 1500 a month!  The 401ks won’t be nearly enough to support you in retirement.  [/quote]

To out things in perspective - pp earns 41k a month pretax and can only find 1,500 to invest.  Wow.  [/quote]

[b]Pretax is interesting but not relevant at our tax level, especially with a two income hh.  We bring home about $17k a month.  Between investment, 401ks and 529s we save $72k a year.[/b]

We are both mid 40s and have $2.1 million in retirement, $300k in an investment account, $265k in 529s, $100k in an emergency fund and $600k in equity in our house.  Our only debt is our mortgage.  I’m comfortable where we are.[/quote]

I guess?   Most people on this board are dual income with a higher HHI.  Bringing home 17k a month and only saving $1.5 is kind of pathetic.

Also not sure how at 500k you bring home only 17k per month.  We of course max out everything and at close to 400k we bring home 16k per month.  [/quote]

Omg who gives a shit what they’re doing? We make three times what you do, and I’m sure we save more than you, but I don’t care what other people save. You are pathetic for even posting this[/quote]

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