Single vs. dual income with 1-2 kids
My wife (33F) and I (31M) have a 3 year old and planning for a second. We both have intense jobs so we get a lot of help from family. However, we notice neither of us spend that much time with our kids because of our jobs and are considering one of us taking a step back. I’d personally love to be the SAHD and wife is onboard but I worry it’ll ruin our financial goals. Anyone else make a similar decision before?
If helpful details -
My wife makes $400K with very strong likelihood to double that to $800-$1M in 1 year or so.
My base is $250K and have around $1.5M of annualized equity at a Series A startup with good momentum. ~2 more years to get my entire initial grant.
We live in a HCOL but no VHCOL area. All-in expenses including housing is around $15K monthly.
Assets are around $1-1.5M. $400K of brokerage. $400K of retirement. $5-600K of home equity in a rental.