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Money and Finances
Reply to "Advice for a 1st year associate attorney?"
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[quote=Anonymous]i agree with all the above, except that i would not pay off the low interest student loans until much, much later. I thiink 9:59 said tihs above. For example, if you have 2% or 3% student loans, I would not pay them off early. I would skimp on rent and get the cheapest apt. (studio) and save up to put the money into a down payment for a house. Some may disagree, but I think a home is still a good investment in the DC area. I think the mortgage interest is one of the few deductions you may have. I don't know the details, but I believe if your salary is $160K, you might earn too much for writing off the interest on student loans. I am not sure if you earn too much for an IRA, but suspect you might be. I would definitely do the three-six months savings in case of an emergency.[/quote]
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