Reply to How do people afford the countless vacations?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. We do max out retirement (59k for me 20k or so for dh), we use public schools, and put away 15k or more for college between the two kids. Even with that, we worry about falling short when it is time to send them off. Last year, the flop vacation was really expensive. It involved car rentals and several hotels. That scared us enough to really trying to do the Grand Canyon this year on a tight budget. [/quote]

Still don't understand where the rest of your money is going that you can't vacation often or decently well. I take time to price our trips for max value. It's also a huge priority for me. I hope you find some way to spend relaxed family time together. Yes having college paid for will help, but to have thoSe memories and that time spent together is invaluable.[/quote]

[b]$79K is not maxing out retirement, it's more like maxing out retirement plus saving another ~30-40 grand in after tax investment accounts and calling it "retirement".[/b]

Good for you for saving aggressively, but seriously, begrudging other people their vacations because you "can't afford" them? You're being totally ridiculous OP. [/quote]

That's really not true. I do $59k a year as well, and DH does $53k all in tax deferred retirement accounts, plus an HSA that we use for retirement savings. We could actually do more on a tax deferred basis if we wanted to look at some other plans but haven't done that yet. So that's $120k and we aren't technically "maxing".

That being said, I agree that the OP could easily afford to take a decent vacation or two, even one that involves "car rentals" without breaking the bank or jeopardizing retirement and college savings.

[/quote]

OK, forget about the OP.  HOW are you doing it? Specifically, the tax deferred part? 401K is 17.5K per person, catch up contribution is 5K, and if you have 401K i believe there is an income ceiling for traditional IRA contributions. Which means there is a huge gaping hole in what I know about taxes and retirement, so please do tell how you do $59K per year per person? The difference cannot be HSA simply because it would be to the tune of $30K.

This is potentially the most useful thread on DCUM ever!![/quote]

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