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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Welcome to the 2 fed, full pay club, OP![/quote]

+100

But there is a huge amount of variety based on GS-level and step…

[b]2 50-year old GS-14/step 10 would have a combined income of $440k, if that maxed out production each year.[/b]

I am a $220k/year Fed myself- even on my own my kid wouldn’t qualify. [/quote]

Yep[/quote]

That’s us and we were full pay HS ($35k) and Ivies ($90k) for 2 kids, no family help. Husband left Feds to consult and was $350-400k a few years. I’m one of those $220k Feds. So our income varied between $300-500k the past 30 years.

We were able to fund 529s and own two homes in DC. One is a rental that paid off the mortgage.

We live well, but don’t drive luxury cars.

We were very, very good about saving. But- we missed the memo that our rental would work so much against us. Looking back, we should have sold both homes and bought a more expensive home to tie our $$$ up. Everyone we know that did that is getting aid, even the ones that make our income or more with 2+ kids in college at the same time. Many schools still consider that- even if the fasfa form doesn’t.

But, as someone put out there “Fed” salaries vary by education, experience and the particular agency.  It’s not unheard of for 1 person to be making $200k+ by the time their kids hit college age- so with 2 you have a $400k+ household.

But, yeah, even if my spouse quit his job we still wouldn’t qualify on 1 Fed salary.[/quote]

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