Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Have you checked the rates in your area?
I'm a full time nanny and I gross about $50,000.
Financially it might not make sense for you
to return to work.

let me call you a 1%er. Breedlove has been quoted in news articles that 30k is the magic number limit and nannies have a very hard time crossing the 30k salary threshold.

FYI, wealthy families who can afford 50K+ nannies don't need Breedlove. They have their own CPAs to do nanny taxes.

Breedlove gets middle-income families who can afford only average nannies.

And of the middle income families, it's only the ones who want to waste their money. I'm a nanny, and the first thing I do when a family mentions that they want to use Breedlove or HomePay is suggest they look at the nanny tax calculator and paystub. It's free, it does exactly what Breedlove does for running numbers. Writing a check once a week takes 3 minutes, and they keep a running tally of my wages and deductions, and a separate tally for their contributions, so adding those numbers every week takes two minutes. I would assume that the blank W-2 that gets used is easy to fill in (5-10 minutes?) once a year, because they have the numbers. And it's not like they have to get a new EIN every year... For close to $1k a year, it seems like they don't do very much.

Anonymous wrote:You're putting the cart waaaaaaaaaaaaaaaaaaaaaay before the horse. You aren't pregnant yet. Baby hasn't been born yet. Make some pro/con lists and decide once you're pregnant or after the baby is born.

You don't know if you are going to have any issues that might make going back to work harder, nor do you have any clue if the baby will have health issues, which would make nanny care more expensive.

Anonymous wrote:

Anonymous wrote:Have you checked the rates in your area?
I'm a full time nanny and I gross about $50,000.
Financially it might not make sense for you
to return to work.

let me call you a 1%er. Breedlove has been quoted in news articles that 30k is the magic number limit and nannies have a very hard time crossing the 30k salary threshold.

I just accepted a position starting the week after July 4th. Part-time school year, full-time plus extra summer, and it's 40k.

Anonymous wrote:

Anonymous wrote:Have you checked the rates in your area?
I'm a full time nanny and I gross about $50,000.
Financially it might not make sense for you
to return to work.

let me call you a 1%er. Breedlove has been quoted in news articles that 30k is the magic number limit and nannies have a very hard time crossing the 30k salary threshold.

FYI, wealthy families who can afford 50K+ nannies don't need Breedlove. They have their own CPAs to do nanny taxes.

Breedlove gets middle-income families who can afford only average nannies.

I would take the year off and then reevaluate in your situation. If it were me personally, I would take the year off and then go back. You will get that first year to bond with baby, and then you can choose nanny vs. daycare when they are a bit older. It will suck only making $15,000/year after nanny pay, but you have to look at your overall household income, not just yours individually.

I would suck it up and take that decrease in pay just to remain current in my field if it is difficult to dive back in. It'll only be 4 years of that until your baby would be in school.

It looks to me as if your hubby's income is sufficient enough for all three of you to survive on once a child is brought into the mix.

Plus, paying for childcare can be pretty expensive and may not be worth it financially if you are caring for another family's child. Or if you expect to bring your child along with you to work, you will most likely be paid less than you are making now.

I would choose to stay at home with my child, if I were you. At least for a few years.

Anonymous wrote:Even at $30k, you making $55k isn't going to pay your nanny and leave you with $15k after taxes. If you are planning to keep everything above board and pay your taxes and your nanny's taxes so that she can take home $30k, you are going to need to make about $65k.

Taxes and the other stuff (worker's comp, bonuses, other perks) add 10-15% to the cost of the nanny's salary, not 50%!

Anonymous wrote:Even at $30k, you making $55k isn't going to pay your nanny and leave you with $15k after taxes. If you are planning to keep everything above board and pay your taxes and your nanny's taxes so that she can take home $30k, you are going to need to make about $65k.

Why would you want to pay taxes and waste all that extra money if there is the option not too?

Even at $30k, you making $55k isn't going to pay your nanny and leave you with $15k after taxes. If you are planning to keep everything above board and pay your taxes and your nanny's taxes so that she can take home $30k, you are going to need to make about $65k.