Kavanaugh's finances

[Anonymous]

Anonymous wrote:

Anonymous wrote:You are all clueless. He has a guaranteed $200k+ income for the rest of his life and his only liability right now is a mortgage. Most of you could only be so lucky.

That's now. Just a year ago, he had 200K in credit card debt attributed to baseball tickets and assorted home repairs. I hope. I'm never that "lucky."

You do realize he was a district judge and had the same benefit since 2006? No, you didnt. You are a dumb parrot hack.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The difference in public vs. private sector.

Seems typical of my friends in the public sector.

I have dozens of friends in the public sector and exactly zero of them would raid their retirement for an entertainment expense. Give me a break.

And exactly ZERO of them are like Kavanaugh, a district judge who will be collecting a LIFETIME benefit of 225k in annual pension, now raised to 255k. Even a 2M tSP is nowhere near the value of a lifetime pension of 225k.

[Anonymous]

Being a Supreme Court Justice with a lifetime pension is not something he has been planning on his whole working life. So moving forward he does not have to worry, he got lucky, otherwise their savings did not really appear to be on track. Hopefully he carries significant life insurance.

[Anonymous]

Anonymous wrote:Being a Supreme Court Justice with a lifetime pension is not something he has been planning on his whole working life. So moving forward he does not have to worry, he got lucky, otherwise their savings did not really appear to be on track. Hopefully he carries significant life insurance.

He became a district judge in 2006, at age 41. He's been planning at least that long. Same pension benefit. Same lifetime appointment.

Next.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Being a Supreme Court Justice with a lifetime pension is not something he has been planning on his whole working life. So moving forward he does not have to worry, he got lucky, otherwise their savings did not really appear to be on track. Hopefully he carries significant life insurance.

He became a district judge in 2006, at age 41. He's been planning at least that long. Same pension benefit. Same lifetime appointment.

Next.

Right and in the unlikely event he hadn't been appointed (given background / connections) he would have just stayed at biglaw and made $1 million a year.

He got "lucky" from a "gets to do cool shit forever" standpoint. He could have easily made far more financially at any point and still could.

[Anonymous]

Anonymous wrote:Only on dcum is a double Ivy with a lifetime $220k salary and platinum health care, six figures of retirement savings, six figures of home equity, and likely seven figure inheritance when the parents croak "poor".

My Lord, quit trying so hard.

He didn’t even know for certain he’d have the lifetime salary so that should be ignored.

Who knows what he will inherit from his parents.

Based on his home equity and retirement, he’s maybe saved 5 percent max total his entire working life. I personally think that’s pathetic.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Only on dcum is a double Ivy with a lifetime $220k salary and platinum health care, six figures of retirement savings, six figures of home equity, and likely seven figure inheritance when the parents croak "poor".

My Lord, quit trying so hard.

He didn’t even know for certain he’d have the lifetime salary so that should be ignored.

Who knows what he will inherit from his parents.

Based on his home equity and retirement, he’s maybe saved 5 percent max total his entire working life. I personally think that’s pathetic.

Yes, he did. At age 41 in 2006. You are making drama where there is none. Also, you think a guy with his credentials at age 41 would have struggled to make a 7 figure income in the private sector?, even had he not gotten a lifetime appointment and a lifetime oension?
Yea, pathetic

[Anonymous]

Anonymous wrote:

Anonymous wrote:Without a doubt he would be a full equity partner at Kirkland right now if he had gone that path and would be clocking the nearly 5 million their partners average. Right, his work as a judge has not cost him.

Kirkland pays $5 million to major rainmakers in NY and London with private equity clients doing boatloads of deals. Smart lawyers writing appellate briefs don’t get paid anything like that. You seriously don’t know what you’re talking about. Firms like Kirkland and Latham wouldn’t give lawyers like him a $5 million annuity just because he has a nice resume for a Federalist.

No, you don’t know what you are talking about. Kirkland is full of people who look like him pulling that kind of money. Many are in DC and Chicago, where the firms hitters are based, not those other cities. They are top 5 profits per partner (averaging 4.7) but unlike say Wachtell, whose guys make their money doing dealwork, litigation is their top draw. Major complex litigation. That works gets done by people just like him, with considerable experience in the judicial system. In fact, the firm was built around people just like him over the last 30 years. Not all have stayed but look at the former Supreme Court clerks for the conservative justices that rolled through there. Those guys and guys like Gene Scalia are the Federalist Society and they get paid huge dollars.

[Anonymous]

This thread is super tasteless, and most people here commenting in it are in the same or worse financial shape.

[Anonymous]

Anonymous wrote:This thread is super tasteless, and most people here commenting in it are in the same or worse financial shape.

+1
Squalid, really.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This thread is super tasteless, and most people here commenting in it are in the same or worse financial shape.

+1
Squalid, really.

Pathetically grasping at straws. It's so transparent.

[Anonymous]

Dude is terrible with money. Does not mean he will be a bad Sup Ct justice, but is is pretty embarrassing for him and his family.

[Anonymous]

Anonymous wrote:This thread is super tasteless, and most people here commenting in it are in the same or worse financial shape.

LOL. I read about him and thought, damn! We are doing great! It is hard to get a look at other professional’s financials. And in this case, they were so bad!

[Anonymous]

I can't believe the ninnys on this thread. This guy is wealthy and doing better than fine. I say this as a liberal who wishes my Financials were anything near as good. You guys apparently have no idea of the present value of his pension. Also, who cares what his savings rate was? This whole thread is unbelievable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This thread is super tasteless, and most people here commenting in it are in the same or worse financial shape.

LOL. I read about him and thought, damn! We are doing great! It is hard to get a look at other professional’s financials. And in this case, they were so bad!

Really? You too will have more than a lifetime pension of 255k/yr?

Wow, we have a combined HHI of 500k and diligently invest in 401k and brokerage accounts and it is highly highly unlikely that I'll be taking in 255k/yr until death. It certainly won't be a guarantee and we will be at the mercy of market conditions.