Core Insights - The couple has a combined household income of $500,000 and is actively saving for retirement and children's education, with a total of about $1 million in 401(k) accounts and $300,000 in brokerage accounts [2][3] - They have minimal debt, including a $600,000 mortgage, and plan to be debt-free in 20 years while estimating $3-$4 million in 401(k) savings by then [3] Financial Planning - The couple contributes approximately $4,000 annually to each of their children's 529 college savings plans, indicating a commitment to education funding [2] - The current mortgage payment is about $3,845 per month, which is 9% of their gross income, significantly below the recommended 30% threshold [6][7] - Considering a vacation home with a $5,000 monthly mortgage would add an additional 12% to their annual income, still keeping them under the 30% guideline for housing expenses [7] Additional Considerations - The couple needs to account for additional costs associated with homeownership, such as property taxes, maintenance, insurance, and other fees, which could increase overall financial burden [8]