Reply to Recommendations for Funding College

Forum Index » Money and Finances

Reply to "Recommendations for Funding College"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]What is your HHI and what savings do you have outside of IRAs and 401ks?

[/quote]

OP here. We have about $150K in taxable brokerage and checking / savings accounts accounts, but a lot of this is earmarked as our emergency savings, not that a college would care. Our house is probably worth about $1.2M and we have a mortgage with an outstanding balance of $530K. Our base HHI is $400K, with $60K in annual bonus potential. DH and I both work and he also receives monthly ISOs from his company and quarterly RSUs as well. At the current share price for his company, the quarterly RSUs are worth about $7K. The ISOs would be worth $2K per month based on the strike price, if exercised. But, these need to vest over time and who can predict the stock price? Next quarter the RSUs could be valued at $4K. [/quote]

NP. Wow that’s a lot of income and very little savings. You spend too much. With that income you can tighten your belt and pay quite a bit from that as you go. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics