Reply to Money Goals for Exiting Big Law

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[quote=Anonymous]I say - think about investible assets that are NOT 401k/retirement; paying down the mortgage; or saving for college. Keep doing those things of course. But keep in mind that there will never be an easier time to save than in biglaw (unless you end up in house at a hedge fund etc. but most don't). I think too many people focus way too much on paying off student loans and paying down mortgages asap while in biglaw - when those student loan interest rates/mortgage rates are less than the return on the market. Sure you should pay things down faster than required  BUT you should withhold some of that prepayment money and invest it -- it'll be the biglaw bonus nest egg that will keep on giving. Personally I wouldn't want to walk out of there with NO bonuses in hand bc all of them went to my student loan provider and mortgage provider. Housing values are fickle and even if they aren't, they're illiquid and the best laid plans for moving sometimes fall through - better to have liquid investments.[/quote]

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