Reply to NYC law partner w/ kids: "$850K gross is not enough to live on"

Forum Index » Money and Finances

Reply to "NYC law partner w/ kids: "$850K gross is not enough to live on""

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I get it. I am NYC, HHI is $1-1.2mm, two kids. After taxes (50%+), private school, our mortgage and savings for retirement and college, we have about $100k left for discretionary spending or extra savings. NYC is very expensive. [/quote]100 discretionary… poor you.[/quote]

This person also feels poor after spending money on optional things like private school... I mean, that could be $100k for 2 kids. And they probably have like $500k in their kids' college savings... Both these things may be nice to have, but they're not necessities and not having them doesn't make you poor... We have a close to $400k gross HHI in the DC burbs, no private school, and not much in the kids' 529... so I did question where it's all going at some point... Sure, some of it is before/after care and camp (daycare when they were younger), but some of it is automatically saved in our retirement accounts. So saying that you don't have much after savings is also something that you should be grateful for (you're probably able to save a ton for retirement and college on that income!)[/quote]The 100K is after all that.[/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