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Reply to "If you make 500-600k range and are married with kids"
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[quote=Anonymous]I make in that range and so does DH so combined it's around $1m. major expenses: Mortgage 1 - $4000/mo including RE taxes and insurance, will be paid off in 5 more years, pay extra every month Mortgage 2 - $3500/mo but we pay RE taxes and insurance separately. Pay $10k/month on this one to reduce principal. College - $70k/year, 529 savings offsets much of it, kid will graduate soon Retirement Savings in tax advantaged accounts - about $120k/year Other savings/investments - about $200k/year Renovation projects on one house or the other - usually $25k-50k. Travel - $20-25k/year Health insurance - $35-40k/year (high premiums and high deductible)[/quote]
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