re: Emergency fund for high earners

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First, congrats on the new income. I'm sure you worked hard for it. Another idea is to aggressively lower your monthly expenses by paying off debt. If you are truly killing it income wise, there is no reason to have 10-15k of monthly expenses. If your paying off student loans that may take a long time. But lower your expenses to 6-8K a month and you only have 36-48k sitting in a savings account making nothing.

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I hear you. And I don't mean to sound like I'm complaining at all, but the fact is mortgage (+escrow), student loans, daycare, utilities, cars, cable, phone, groceries, insurance, baby supplies, college savings, and gas already have us at well over 8k. Throw in some home maintenance/improvements, furniture, and the inevitable unexpected one-time expenses and you get the picture. The wife works, so daycare has to continue. To have any kind of shot at 6-8k per month we would need to pay off the student loans and house. I don't see how we can do that in under 10 years under any realistic scenario.

That said, we still have some room to increase debt payments plan to do so. Also, there is a chance earnings may increase in the next few years, allowing for more aggressive debt paydown.