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Reply to "Confused by salary discussions--do these rates include benefits, taxes, etc?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Good childcare is expensive, OP, especially for twins. For what you will be making above what you'll need to pay a qualified nanny, you should definitely stay home. [/quote] I disagree with this. Stay in the workforce unless you really, really want to be a SAHM. The cost of child care comes out of your total family budget, not one person's salary, and is an investment in your future earnings, your retirement and seniority, and your ability to maintain your position in the workforce. It is a painful amount of money, but it is only for a brief season of your life. Dropping out of the workforce can turn into a much longer-lived situation. Also, you have two kids. Daycare is not going to be much cheaper.[/quote] Thank you thank you thank you for posting this. I see women in my office dropping out of the work force because of this calculus, and then when they come back in a few years later, they've entirely reset their baseline so their lifetime earnings will never catchup to where they would have been. This is how we perpetuate the 'gender gap'. Similar things happen, albeit to a lesser degree, when someone opts for full-time graduate school instead of going for an evening program in a professional degree. OP -- it is realistically 2-3 years that will be very intense on your family (financially and just as a matter of life dealing with very young children) before your children are in preschool. At that point, the calculus changes again. If you already have a nanny in your life who is a part of your family and wants to grow with you, it makes these transitions that much easier along the way. We have been lucky enough to have a wonderful nanny in our life for many years and the role she plays in "having it all" cannot be understated.[/quote]
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