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Reply to "Advice for a 1st year associate attorney?"
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[quote=Anonymous]OP, lots of good advice here, but one thing you should do is max out that 401(k) immediately. (Actually, max it out in 2015 - you'll likely start with in September 2014, and use those 4 months to set up your emergency fund). It's $17,500 this year (I forget if it goes up next year). That's about $750 per paycheck. There's a huge tax advantage to it that is far greater than using those funds to pay off your debt a little quicker. You'll be amazed 25 years from now what that $17500 will turn into. Plus, if you take all the other advice, you will have no trouble building up an emergency fund and paying your loans off in 3-4 years anyway, and this will reap long term benefits. Good luck, and congratulations on asking the right questions. Oh, and bill at least 2300 hours, so you keep those checks coming as long as you want them to. [/quote]
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