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Reply to "Down and Out on $250K/year...."
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[quote=Anonymous]We do not "look" rich, but we are rich. How do I know? We both max out our 401(k)s and nondeductible traditional IRAs, plus save another $7200 per year for college. That's just over $50,000 per calendar year in savings. Also, we can pay for dental work out of pocket in the same month we put the downpayment on a new kitchen table. We both still need to work for a living, but we have no debt other than our mortgage, give a lot to charity and spend $3,000 on one vacation annually.[/quote]
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