So, it looks like my husband's income just isn't really worth it. His salary is about $87K and it bumps us up pretty high. My best estimate is that we only see about $50K of that income. That includes the phaseout of exemptions, higher tax bracket, etc. I know $50k is nothing to sneeze at but we would save a good deal with him staying home also.
His military retirement is $50K. My salary is $130K. His side business is about $10K.
If he stayed home and worked on his business, he could probably get it up to $15K. We would also save $5K in latch key for my daughter. That is only for about 3 more years though.
Is this something that you guys would seriously consider or not? He is a government employee, so pension eligible in about 6 more years.