Kavanaugh's finances

[Anonymous]

Anonymous wrote:

Anonymous wrote:Life tenure is a pretty secure future income stream.

And the Federal courts retirement for both Supreme and appellate are still essentially defined-benefit along, I think.

I may be wrong about this but I think when federal judges retire they get 100% of their income for life.

[Anonymous]

Isn't the real point that there was no way on his salary (under $300,000) that he could have paid off the credit card debt that quickly? It is impossible with his $5000 a month mortgage and $2000 for tuition on top of his other household expenses- food, dining out, utilities, clothes, etc., that there is no way he could have paid off $200,000 in baseball ticket debt from one year to another??????????????????????

[Anonymous]

Anonymous wrote:There are 300 million people in the US. With his new job, I expect he and his family will begin accumulating wealth at a rapid pace. He will do what is expected of him by the wealthy and they will be compensated in ways that will break no laws.

Of those 300 million Americans, I think his finances will be better than 90% of them. Wish I could say the same for myself.

Sure, anything is possible.

[Anonymous]

Anonymous wrote:Isn't the real point that there was no way on his salary (under $300,000) that he could have paid off the credit card debt that quickly? It is impossible with his $5000 a month mortgage and $2000 for tuition on top of his other household expenses- food, dining out, utilities, clothes, etc., that there is no way he could have paid off $200,000 in baseball ticket debt from one year to another??????????????????????

Yes. How did a guy who carried tens of thousands of dollars of credit card debt every year for over 10 years suddenly pay it all off the year before he's nominated for the Supreme Court?

And, I'm curious, WHY did he pay it off if, as many on here have argued, it's not so outside the norm?

[Anonymous]

Anonymous wrote:Isn't the real point that there was no way on his salary (under $300,000) that he could have paid off the credit card debt that quickly? It is impossible with his $5000 a month mortgage and $2000 for tuition on top of his other household expenses- food, dining out, utilities, clothes, etc., that there is no way he could have paid off $200,000 in baseball ticket debt from one year to another??????????????????????

It’s possible on that salary, but not based on the track record of his savings/spending practices.

[Anonymous]

Maybe his wife overspends.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think he's more the norm than people would like to admit in DC. $300K income but house-poor with a $1.2 MM home in Chevy Chase and private school tuition. His parents were typical white-collar in CC as well. He likely had student loans that were paid off, so he didn't start saving for retirement until later (thus the $500K TSP). He has wealthy friends and a slight desire to keep up with the Joneses (see said house and the expensive baseball tickets). I think he's pretty typical.

Agree. I never realized how many people manage their finances this way until our oldest applied to college. Then, suddenly, people who had been spending lots of money they didn't really have had to tell their kids they couldn't afford to go to private colleges or even more expensive OOS publics unless they got merit money. Ugh.

Because those people don't care about status colleges. We told our kids that they will go to the college where they are going to get scholarship. Each of them had three options with full scholarships. No, it was not their first choice, but they were free to get loans to pay for college, and they chose not to.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Isn't the real point that there was no way on his salary (under $300,000) that he could have paid off the credit card debt that quickly? It is impossible with his $5000 a month mortgage and $2000 for tuition on top of his other household expenses- food, dining out, utilities, clothes, etc., that there is no way he could have paid off $200,000 in baseball ticket debt from one year to another??????????????????????

It’s possible on that salary, but not based on the track record of his savings/spending practices.

Maybe he got one of those sweet loans from Justin Kennedy at Deutsche Bank.

That's their motto: "When no one else will lend you a dime, we'll lend you a billion!"

[Anonymous]

Anonymous wrote:Everyone in this thread is so dumb that it is not funny.

As an immigrant, what this man has done is nothing but admirable. He went to Yale for BA and JD and he could have made boat load of money but he rather devotes his life to public service.

My company CEO graduated with BA and JD from Harvard and his total compensation was 4.5M last year and has been 4M+ for the past five years.

With Kavanaugh's pedigree and connection from his days working in the white house, I am sure he will make at least 4M/year if he chooses to but yet you do not define success by wealth. He definitely gets my respect.

You also know that his wife was a personal assistant to former President Bush for many years. If she wanted to, she could have a very cushy job making at least 1M just from that connection but they chose not to. Even more respect to them both.

I really rather doubt that she could get a job paying her 1 mill or more. Sorry, but no.

[Anonymous]

Almost time for him to join the Chevy Chase Club. All the social climbers will love him!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Everyone in this thread is so dumb that it is not funny.

As an immigrant, what this man has done is nothing but admirable. He went to Yale for BA and JD and he could have made boat load of money but he rather devotes his life to public service.

My company CEO graduated with BA and JD from Harvard and his total compensation was 4.5M last year and has been 4M+ for the past five years.

With Kavanaugh's pedigree and connection from his days working in the white house, I am sure he will make at least 4M/year if he chooses to but yet you do not define success by wealth. He definitely gets my respect.

You also know that his wife was a personal assistant to former President Bush for many years. If she wanted to, she could have a very cushy job making at least 1M just from that connection but they chose not to. Even more respect to them both.

I really rather doubt that she could get a job paying her 1 mill or more. Sorry, but no.

Actually she could have. She could have easily fetched 500k+ and then bonus on K street. Happens all the time.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Everyone in this thread is so dumb that it is not funny.

As an immigrant, what this man has done is nothing but admirable. He went to Yale for BA and JD and he could have made boat load of money but he rather devotes his life to public service.

My company CEO graduated with BA and JD from Harvard and his total compensation was 4.5M last year and has been 4M+ for the past five years.

With Kavanaugh's pedigree and connection from his days working in the white house, I am sure he will make at least 4M/year if he chooses to but yet you do not define success by wealth. He definitely gets my respect.

You also know that his wife was a personal assistant to former President Bush for many years. If she wanted to, she could have a very cushy job making at least 1M just from that connection but they chose not to. Even more respect to them both.

I really rather doubt that she could get a job paying her 1 mill or more. Sorry, but no.

Actually she could have. She could have easily fetched 500k+ and then bonus on K street. Happens all the time.

Agree with PP. She couldn't have.

[Anonymous]

Anonymous wrote:Almost time for him to join the Chevy Chase Club. All the social climbers will love him!

I would think they already belong. Probably Columbia though.

[Anonymous]

For those of you who think he's poor, think again.

He's a classic member of the "enabler" class (much like members of congress, etc who enable the 1%ers) and doesn't have to worry about himself or his family. The "system" takes care of that.

His salary is about 250K for LIFE with a 3-month vacation! His pension is the same amount for LIFE with a 12-month vacation! Even if that doesn't increase in the 20+ years he will be a SC judge, that's the equivalent of about $4M nest egg (assuming a 6% annuity rate for the pension).

His healthcare is taken care of.

His kid's will get into great colleges with financial aid. Whether they do or don't they will get great jobs given who their dad is.

And don't forget the paid speeches and book deals that will surely come.

What more do you need?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Everyone in this thread is so dumb that it is not funny.

As an immigrant, what this man has done is nothing but admirable. He went to Yale for BA and JD and he could have made boat load of money but he rather devotes his life to public service.

My company CEO graduated with BA and JD from Harvard and his total compensation was 4.5M last year and has been 4M+ for the past five years.

With Kavanaugh's pedigree and connection from his days working in the white house, I am sure he will make at least 4M/year if he chooses to but yet you do not define success by wealth. He definitely gets my respect.

You also know that his wife was a personal assistant to former President Bush for many years. If she wanted to, she could have a very cushy job making at least 1M just from that connection but they chose not to. Even more respect to them both.

I really rather doubt that she could get a job paying her 1 mill or more. Sorry, but no.

Actually she could have. She could have easily fetched 500k+ and then bonus on K street. Happens all the time.

Doing what?