Reply to Middle class professionals: tell me about your finances

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. Thanks for the replies. I do agree that middle class for purposes of this discussion on this board should be around $170k-$220k for a family of 4.[/quote]

Ok, we make $225k as a family of 4, so I guess I'll chime in, particularly since as dual feds we pretty much will not make much more going forward.

35/37, 2 kids. One in school, one in $2k/month daycare.

We max 2 TSPs and have since 2011. I once had a manager early on tell me to absolutely put in the minimum to get the full match and to increase my contribution with every step, COL, and promotion until I hit the max.  That took 5 years for me and 6 for H to do. But I came in as a lawyer so earned more. We have just over $600k combined in TSPs.

We have $50k in liquid cash.

Another $30k invested in stocks.

We put $4k/year/child in 529s. Balances are about $30k for our oldest, $14k for our toddler.

[b]Roughly $400k in equity in our house, but we owe quite a bit on it. [/b]

I owe $50k in student loans still at $350/month, 2.1% interest. I will pay this off in 16 more years, ha. Likely after my first child is already done with college.

[/quote]

How much do you owe on it?[/quote]

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