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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 [b]will likely move in a couple or of years. Our current home will likely sell for between 1 and 1.2m. [/b] 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] I'm not sure what you mean by this. Do you plan to have a more expensive home in the future or a less expensive one. My husband (an in-house lawyer) makes $225-$250k annually and I don't work. We have a $480k mortgage on a $700k mortgage that we have on a 15-year loan. DH has about $30k of law school loans left but at 1.8% we are in no rush to pay them off. We are more than comfortable financially but we have modest taste. Only you know what kind of car, clothing, and entertainment budget you require. This varies greatly from family to family.[/quote]
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