Reply to Is this possible without family money?

Forum Index » Money and Finances

Reply to "Is this possible without family money?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Your husband is correct.  They can do it without family money if they aren’t contributing to 529s or saving outside of retirement.

We make around 420k HHI and what kills us is the 529 savings and savings outside of retirement.  That alone is at least 4K per month just to be on track for retirement.

Truthfully someone with a SAHM isn’t necessarily that concerned with retirement.  Having a spouse stay at home is one of the worst financial decisions you can make.  Unless you’re loaded not contributing to a retirement plan for years really hurts.  [/quote]

How do 529's kill you at that salary?  We make less than half and comfortably put into 529's.[/quote]m

We need to [b]invest 2k outside of retirement and $1,200 per child into 529s.  Each month.  That extra 3k would buy us a much nicer home if we could instead use the monthly income towards a more expensive mortgage. [/b]

[/quote]

OP here. We save this much too. And my husband insisted on a 15 year mortgage.[/quote]

Well there you go.  That’s why you don’t have a $1.6 mm home.  Your husband has prioritized savings.  Nothing wrong with that.  Especially if you’d like to retire and you don’t have large inheritances coming. [/quote]

Nothing wrong except I get really envious of people with $1.6M houses!  :( [/quote]

And I get really envious of people with 700k houses.  Its all relative.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics