Reply to $600K-$800K HHI

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Reply to "$600K-$800K HHI"

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[quote=Anonymous]We are both 39 and our HHI in 2024 is $785K. It has steadily increased over the past decade from around $250K. My husband’s firm does management level promotions every other year and he is on track for that promotion in 2025, which would likely put our HHI close to $1m in 2026.

We have $4.5m in assets, with $3m in retirement and brokerage accounts and $1m in home equity. We have $950K left on our mortgage. Aside from our mortgage we have no debt.

We invest about $200K annually between our 401Ks and a brokerage account.

We have three children in private school and have always had a nanny. My husband’s parents split tuition for three kids with us, so we pay $75K total for tuition and then pay our nanny about $40K and spend about $30K between summer camps, sports, and enrichment. That comes to about $145K annually. We may have not have opted for private K-12 if my husband’s parents weren’t paying half of the tuition bill and hadn’t created a trust for our kids’ college expenses. My husband’s parents contribute $18K to each of our children’s 529s and between that contribution and the trust we do not feel obligated to put aside money for higher ed.

We spend about $12K/annually on travel, mostly to Florida and Maine. My parents have a vacation home in Florida that we use during our kids’ two week spring break and we rent a house for 10 days in Maine in the summer.[/quote]

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