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Reply to "If your HHI is 400k what is your monthly mortgage?"
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[quote=Anonymous][quote=Anonymous]We paid off our mortgage about 6 years ago. $900K house 15 years ago, now worth $1.5M+. We made more in the past, but health concerns had us pay off mortgage early, but only had a $400k balance left. 3 kids still in Middle and High school doing travel sports and a few vacations a year. We average $400K per year. We put in $1000K per kid per month for 529, fully fund 401K plus backdoor Roth, and save about $7,000 per month. Money does feel tight, but mainly due to risk of only one surving spouse, and losing the bread winner, we need to save. And yes, we do have Term Insurance, but that will end in about 3 years.[/quote] Will you please share your budget? If you are saving 10k a month post tax (cash plus 529s), then you are spending only about 6 to 7K? [/quote]
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