Reply to No savings on a high HHI?

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[quote=Anonymous]OP not sure if you are still reading, but I think the problem lies with your husband's expectations of what QOL $500k will get you in DC. We have similar stats to you in that we are in our mid 30s and our income is about $550k. My DH also grew up wealthy and is expecting somewhere between $3-4 million in inheritance *if* his parents don't need extended care, expensive medical treatments, etc.  because of that big *if* we plan like we won't get a dime. So in 2009 we bought an $875k home in Barnaby Woods (now valued at a little over $1m) putting 20% down. We put the Max in retirement vehicles and have about $500k in 401k type plans now. We also have both term and permanent life insurance and put $1k per month per child into 529 plans for our two kids.  We also send our oldest to DCPS. Our youngest is I. Private preschool.

I am not saying we are a perfect example of financial responsibility but I think what you can take away from this is that to ensure you have the necessary savings for retirement and college $500k doesn't get you the life your DH wants to live. But I think you already know that. [/quote]

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