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Occupation: Health Advisor
Industry: Healthcare
Age: 46
Location: San Diego
Salary: About $475,000 gross (median household income). My husband works full time and we focus our budget solely on his income (which is $292,000 a year plus bonuses and stock awards, which vary greatly from year to year. We never count on them, so it’s always a welcome surprise) . Last year his bonus was about $150,000 and we cashed out vested stock options from previous years for about $25,000. I quit my full-time job when my husband and I decided to have children. As a contractor, I am compensated very well for the hours I work, but the work is never steady, it has very variable peaks and valleys. It is worth it to raise my children being very careful. On average, my salary is about $60,000 a year, but I’ve had many years where it was double or half that.
Real estate: Check: $38,000; HYSA: $270,000 (some of which is tagged for housing projects and a potential new business line that would include manufacturing a product). retirement investments (a mix of Roth IRAs, 401(k)s, brokerage accounts): $3.6 million; non-retirement investments (aggressive strategy: 80% stocks, 20% money market): $650,000. Unexercised stock grants: $160,000. HSAs: $28,000; overfunded life insurance policy: $200,000; capital stock: $2,400,000. We have other assets for our kids (529, Roths) but I don’t feel our money is for them.
Debt: $0
Payroll amount (bi-weekly): $7,550. $6,300 bi-weekly from my husband’s full-time job (net, after-tax, HSA and 401(k) contributions (we max out the latter two)). On average, about $2,500/month for me (net of taxes. I keep 50% of my pay to cover taxes and any business costs eg printer, continuing education, sales, etc.).
Pronouns: She/her
Industry: Healthcare
Age: 46
Location: San Diego
Salary: About $475,000 gross (median household income). My husband works full time and we focus our budget solely on his income (which is $292,000 a year plus bonuses and stock awards, which vary greatly from year to year. We never count on them, so it’s always a welcome surprise) . Last year his bonus was about $150,000 and we cashed out vested stock options from previous years for about $25,000. I quit my full-time job when my husband and I decided to have children. As a contractor, I am compensated very well for the hours I work, but the work is never steady, it has very variable peaks and valleys. It is worth it to raise my children being very careful. On average, my salary is about $60,000 a year, but I’ve had many years where it was double or half that.
Real estate: Check: $38,000; HYSA: $270,000 (some of which is tagged for housing projects and a potential new business line that would include manufacturing a product). retirement investments (a mix of Roth IRAs, 401(k)s, brokerage accounts): $3.6 million; non-retirement investments (aggressive strategy: 80% stocks, 20% money market): $650,000. Unexercised stock grants: $160,000. HSAs: $28,000; overfunded life insurance policy: $200,000; capital stock: $2,400,000. We have other assets for our kids (529, Roths) but I don’t feel our money is for them.
Debt: $0
Payroll amount (bi-weekly): $7,550. $6,300 bi-weekly from my husband’s full-time job (net, after-tax, HSA and 401(k) contributions (we max out the latter two)). On average, about $2,500/month for me (net of taxes. I keep 50% of my pay to cover taxes and any business costs eg printer, continuing education, sales, etc.).
Pronouns: She/her
Monthly Expenses
Housing costs: Just property taxes, which average $1,200.
Loan payments: $0
Gas/Electric: $150 (San Diego weather is so perfect, we rarely use heat or air conditioning).
Phone: $110
Water: $150
Internet: $70
Hulu: $90 (they are really annoyed with the frequency of their price increases! Currently looking at other options).
Lawn mowing: $125.
529 contributions: $800
Annual Expenses
