Reply to Family budget if your HHI is around 375k

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our monthly take home is $20,000 - and we are RETIRED! And we have this nice income because we weren't foolish like so many of you living WAY WAY WAY above your means trying to keep up with the Joneses - keeping up "appearances" that you have more than you really do - (you know the designer handbags, shoes, clothing, cars).   And you know what - we still save some of this monthly income - if there's something we may want, we can buy it, but we don't just spend it to spend it!

I'm convinced, most of the young people today will have to work till you're dead - no pensions, no social security.  You have to start saving for your own retirement now.   But hey, at least you'll have all those designer shoes and purses, right?!  ;-)[/quote]

While I generally agree with you that people spend far too much / save too little, this thread is full of folks making $500K a year. I'd be willing to bet none of them will be remotely in trouble in retirement. My salary is a piddly shit $190K by comparison and well be fine....[/quote]

My DH earns about 700k per year and I earn about 200k. We live in a home that is below our means, drive nice cars, vacation in style, etc. We still manage to save $100-200k per year. Sure, we could save more but we like to enjoy our lifestyle. [/quote]

Do you ever worry about replacing that sort of income?  We earn about 450k right now and I try to plan assuming we will earn less in the future but it is hard.  I want to be conservative but even when we save up a million that will only generate 40-50k a year in income (maybe more).  [/quote]

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