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Reply to "If you left Big Law…"
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[quote=Anonymous][quote=Anonymous]You could have a 0% savings rate for the rest of your working life and still be more than fine in retirement. You have a $2.8 million net worth, and that has decades left to compound. If he takes a job making $160K and pays a 25% tax rate, you’re still left with $10,000 per month. You said you’re not big spenders so you should be able to live on that (and remember that part of your $4,500 mortgage payment is principle and therefore really savings). Life is too short to spend all of it doing something you hate. He’s already established a very solid but financial footing for your family; you guys can definitely afford to do this.[/quote] I agree with this. He deserves a break and your family will be fine. I left Biglaw and never looked back. [/quote]
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