Friday, March 2, 2012


The family rents a three-bedroom summer house in Connecticut and will go there again this year for one month instead of four. Schiff said he brings home less than $200,000 after taxes, health-insurance and 401(k) contributions.

“I wouldn’t want to whine,” Schiff said. “All I want is the stuff that I always thought, growing up, that successful parents had.”
Imagine the Stress

  • Imagine the stress of renting a three-bedroom summer home for only one month instead of four.
  • Imagine the stress of only making $350,000 pre-tax 
  • Imagine the stress of making a mere $200,000 after tax and IRA contributions, and having to wash dishes by hand
  • Imagine the stress of being able to send your kids to the $32,000-a-year for the Poly Prep Country Day School in Brooklyn