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Money and Finances
Reply to "Money Goals for Exiting Big Law"
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[quote=Anonymous]Yes, 401K is $18K per year. I had 401K savings from prior jobs though and my DH has some too (maybe $250K for him? Maybe a total of $150K for me?) We do some additional savings, but I agree retirement can be bumped up. I estimate when we move we would move to a house that is about $1.2M to $1.3M. (current house would likely sell for $1 to $1.1) I have about $50K left in student loans but the interest is 2.75% so I am in no hurry to pay it off. We have a small car loan at 2.78%. No other debt. As to why we don't have more savings, I paid off all of my higher interest school debt my first year at the firm, saved up for a house the second, and my DH had a job loss and then a business venture that failed over 18months. We also had two kids in the last 4 years, so our childcare expenses were high. We will still need a nanny for the next year or two, but I am hopeful that we can move to more part-time care or an au pair in 2 years. [/quote]
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