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Happy Father's Day! 🍒🥒
Any other adoptive parent 🐠 out there?
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How is your net savings lower than your gross? I must be misunderstanding but you save 60% of your gross income? That can’t be 10% if your “net income”... and why are retirement contributions not counted as “savings”? And what does this have to do with buying a house exactly?
We are about to buy a house and I ran some numbers to see where we would end up but would like to get some additional insights on where others stand. I’ll go first.
Combined income - 440k
Kids - 2
Location - High COL
Gross income savings % - 60%
Net savings % - 10%
Major drivers - mortgage, 401k, 529 and personal investments
460ish combined, 2 kids, high COL, net prob a few nickels, drivers include 401k max, 529s, mortgage, 2 car pmts, Jeff Bezos.