05-21-2007, 09:50 PM
you are NOT alone. I am not sure if I am in the 5% like you, probably not, since we have only one income, and we have only one kid, and just like you, I feel I don't save enough. I do max out the 401(k), then I put 4k into a Roth IRA, and then there is a little left for investment/savings, but not enough IMHO. I have not started a 529 for our son yet, I need to do that ASAP. They say I should put 700 bucks per month into the 529, then we will have to cut back on the other savings. I am also trying to put together some cash for a down-payment on a house, meanwhile prices keep going up. I do not have any debt, my undergraduate studies were free in my home country, and when I came to the US as a graduate student, I always has a Research or Teaching Assistantship, or a Fellowship, therefore I did not have to pay tuition out of my pocket.
yeah life is tough, I am sometimes considering going back to Europe where school is free and healthcare affordable. Taxes are higher, indeed, but so is the Euro these days, and at lest I see what was done with my taxpayer Euros: schools, hospitals, not wars. but now that belong in the Political forum. So I stop here.
yeah life is tough, I am sometimes considering going back to Europe where school is free and healthcare affordable. Taxes are higher, indeed, but so is the Euro these days, and at lest I see what was done with my taxpayer Euros: schools, hospitals, not wars. but now that belong in the Political forum. So I stop here.