This article discusses a Redditor whose wife is planning to retire, prompting financial reassessment due to their reliance on his income. Earning a combined $375,000, they live moderately but face concerns about their finances with two young children. While the husband enjoys his job and plans to continue working, they are also managing a modest amount of debt, including student loans. With about $400,000 in retirement accounts, they are working swiftly to increase savings, emphasizing the need to cut expenses as they transition to a single income.
For the Redditor and his wife, who bring in a combined $375,000 in household income, they should be living quite comfortably in a medium-cost-of-living area.
The key point here is that the bulk of this combined salary comes from the husband, which creates an opportunity for the couple to discuss the wife potentially stepping away from the workforce.
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