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Reply to "Money Goals for Exiting Big Law"
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[quote=Anonymous][quote=Anonymous]I plan to leave Big law in a couple of years. My loans are pretty much paid off, I max out retirement, and own a home with a 575k mortgage. I have two young kids and employ a nanny. I'm not sure what my next job will be but I will most likely take a pay cut. I currently make around $250-275 with bonus annually. My husband makes about the same (not a lawyer). We plan to send our kids to public school but will likely move in a couple or of years. Our current home will likely sell for between 1 and 1.2m. I'd love to hear financial goals of others who left big law or a similarly lucrative job. Or just give me your advice on what my goals should be. [/quote] Saving for college and paying down mortgage are good ways to increase you and your DH's options in the future. I would also add a separate retirement account - maxing out 401k will not yield enough in retirement for a couple who are used to spending as much as you have to spend. This would be a regular account that you and your DH deem to be for retirement- you can afford to be a little riskier in your investments here. [/quote]
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