Reply to Hat tip to Trump for his unassailable SCOTUS pick

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The debt thing is so weird. My DH and I are both public servants and have way more money than that and no debt exxcpet mortgage. If you don’t have the money why would you put 60k on a credit card for baseball tix?  That’s just so dumb. Their HH income is $260k and they have less than 65k saved??  Something doesn’t add up.[/quote]

This.  It’s especially weird since by all accounts he has been gunning for this his whole life.  Odd that someone who has been so careful in every other aspect would be so reckless about debt. [/quote]

Im liberal but yes he seems like an overall decent pick. Someone is working overtime to get feel good stories about him coaching and carpooling into the WaPo.  But why would a smart person make such stupid financial decisions. Its not like there are medical bills.  Also,  how can they have less than 65k in retirement at this age?  [/quote]

Doesn't he get pension as a federal judge?  Retirement is more of a concern to those who have to rely on SS and 401k.  Judges may get SS, TSP, and pension.  People with pension may not need a huge TSP retirement fund.  [/quote]

TSP, SS, and annuity are like 3 legs to a stool.  You need all 3 if you're going to maintain your lifestyle in retirement.  We're two feds (GS, not SES, so less HHI than Kavanagh) in our 40's w/ 3 kids including one in FT daycare and one with SN that has led to almost $20k in direct expenses in one year.  We have around $400k in retirement savings right now plus 3x 529's (with not nearly enough) and some additional savings (that have mostly been wiped out due to SN).  Our only debt is our mortgage and a car loan.  Kavanagh's financial state doesn't speak well of his judgement.
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