Reply to Dual 400k incomes vs single 400k income

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Two working is better. More money, more savings, more security in that if one loses the job you only lose half of the hhi vs all of it, balance and equality in the relationship. More retirement savings, more social security income in retirement. The daycare years are short relative to the years a person is in the working world so never understood the no daycare as a primary argument for why one should quit working (unless of course a couple can’t feasibly afford it which isn’t what we’re discussing here at 400k hhi). [/quote]

I generally agree with this, which is why I didn’t quit my job when I had kids, but I totally understand why no daycare is a primary argument for having one person stay home. It is sad to have to put your infant in childcare for 10 hours a day while the parents work and commute. Many people want to be home with their kids until they go to school. Daycare years are also not short if you have 2-3 kids, spaced 2-4 years apart each. It’s more like at least 7-10+ years until all the kids are in kindergarten. Two working parents is not without trade offs, and most of the time, the trade off is having your kid raised many hours a week by daycare or a nanny which isnt ideal either. [/quote]

If you get the right nanny, it works very well.  We had the same nanny until my youngest was 6, then the nanny moved and we didn't replace her.  She was like a grandma to the kids and we are still close years later.  I never understood families that change nannies often.  It's not cheap to hire the right one, but when you make 800k+, it's not a huge hit and you always have the option for more flexibility when you need it.

When I only had one kid we used daycare.  In my mind there is no comparison.  A good nanny is worth her weight in gold.

I also agree it is hard leaving your baby in someone else's care.  I took 4 mo maternity leave and DH took 3 mo FMLA after my leave, so the babies were 7 mo when we put them in daycare(1st) and nanny (2nd, 3rd 4th).  Both our careers took a tiny dent, but nothing unrecoverable.  In the end, it was worth it for us.[/quote]

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