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Reply to "Just bought an $800,000 house on a $186,000 salary and now I'm panicking...."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This makes me panic. T[b]here is now way after taxes and retirement savings you still have 70% of your take home.[/b] You should not count on the pension or kids going to in state college. There are all unknowns until she actually retires and college is next year. You must have posted here because you know this wasn’t a good move. Done deal?[/quote] PP, you are right, and I should have clarified....the $15,500 gross salary is gross after pre-tax deductions of retirement savings and health insurance costs. Once taxes are taken out, net is $11,000. [/quote] I don't think you're saving enough for retirement or your kids' college tuition. One or both of you needs a raise. [/quote]
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