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Reply to "What HHI to feel comfortable with a family in a close-in city like Bethesda/Arlington/McLean?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have done fine with <$250k.[/quote] Fine and Comfortable are two different things Comfortable is having a 4k sq foot house, with a decent yard, decent cars, substantial annual savings, no financial stress, can cash flow any urgent need without thinking, etc Fine is living an acceptable house, old cars, maxing 401(k)s but that's really it, but still having to worry about money or contemplate bigger purchases [/quote]I find it very comfortable.[/quote] But at that income you can't save enough to truly have a comfortable retirement. You're not getting $5m+ on a sub 250k salary in any of these three areas. A comfortable retirement is not 2M, that's a fine retirement :)[/quote] DP. A fed with an 80k a year pension does not need to save 5mil for a comfortable retirement. [/quote]
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