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Reply to "Just found out I made partner in biglaw"
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[quote=Anonymous]DW has a think tank-type job - makes about $90k, 35 hour workweek. Most importantly, though, she gets a 9% 401(k) match (as opposed to the generous 0 match in biglaw), and health insurance that costs about $300/mo for the family (compared with the $2500/mo partners have to pay for a family health plan). We have a 3 year old, and another on the way. Take home will likely be roughly the same as this year. However, that is after accounting for a mandatory $3k I apparently will have to contribute to a retirement plan (I still get to contribute to the 401(k) too), paying 100% of employment taxes, and the buy-in (which will be pretty low because I will own a very, very small percentage of the firm). A colleague who got put up last year said his take-home was about flat, but his wife doesn't work so he has to pay the exorbitant healthcare costs. I'm hoping my take-home actually goes up a little bit, but we shall see. We live in SS, in a shitshack with a very nice addition. No plans to move, but may eventually move to be closer to DW's job. In any event, the move probably wouldn't be much of an upgrade. I'm not interested in increasing our living standards - law is pretty cutthroat and I assume I could be unemployed next year. Save, save, save. [/quote]
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