Reply to If you left Big Law…

Forum Index » Money and Finances

Reply to "If you left Big Law…"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]OP you have more than enough in savings IF you actually are not big spenders. The first thing you need to do so that you both feel prepared is look at how much you are actually spending. How much is actually going out the door each year? I think you mentioned dipping into savings, ideally I just would not do that. You are set for life if you just figure out how to bring expenses down and let your current savings compound. Your husband can be one of the smart ones - got out and lived his life while letting the money he made compound. So you all will be super duper rich instead of staying another 20 years, missing your kids childhood, and being SUPER DUPER DUPER rich. It's a great move. But don't just spend down your savings. Adjust your lifestyle - it shouldn't be too hard, you have kids in public, another one joining soon. The mortgage is probably be biggie as that's pretty high.

But basically if you let your savings compound and keep expenses from ratcheting up - you don't have to save much from gov salary so just live below that and you will be good. You have more than enough for 529s (will continue to compound and grow), more than enough for retirement (will continue to compound and grow), and eventually a paid off house. Kind of the dream - you can stay home while he works a reasonable job where he gets to be present with his family.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics