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[quote=Anonymous][quote=Anonymous]$28/hour for 40 hours per week guaranteed 52 weeks/year, 6 year-old (full day school), 3 year-old (half-day school). Most weeks, we pay for 42.5 hours (8:30 am - 5 pm). I do most of the driving, and she usually gets 5-8 weeks vacation, time off for appointments, attending important events for her kids. She gets insurance from her husband's employer, we give her a transportation subsidy ($2K/year) and an annual bonus ($2.5K). With both kids in school next year, she will transition to a housekeeper/house manager role. After 4 years (and a pandemic), she's like family at this point![/quote]

This is really amazing!  I’d love to be able to be this generous.

How do you handle the 5-8 weeks vacation?  Do you hire a sitter?  One problem I have is that by paying my nanny for vacation, I also need to pay a back up sitter so those weeks end up costing me like $3k/week, between paying the nanny and the back up sitter. And that’s my entire take home for the week!

Another question for you if you don’t mind - my understanding from my CPA is that I make too much to qualify for some of the dependent childcare tax credits. So I typically end up paying like $5k in taxes on top of everything I pay the nanny. Do you have any tricks to lessen that blow?

Our HHI is about $500k, I’m assuming you are in a similar bracket?  But my husband makes $350k, I make roughly $150k, and he is correct that we would probably save money in the short term if I stayed home and we didn’t employ a nanny. Appreciate other working mom’s financial insight into how to make this work!!![/quote]

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