Quote:
Originally Posted by disneysteve
I don't recall how much each of you earns. I know the total is 66K but how is that split? If you were to die, would 325K be enough to support your wife and kids at least until they are adults? That's about 18K/year for 18 years (plus interest).
It may or may not be enough. Just run the numbers and make sure.
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With a 50% raise my wife will almost earn what I earn.
If I take a 30% pay cut, I would make the same as my wife.
Her earning power is greater, I'd expect her to catch me soon in salary.