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Money and Finances
Reply to "Kavanaugh's finances"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][b]DC Circuit Court judges make $220,600, so I guess I'm not surprised of the lack of savings with a $1.2 Million house. [/b] We just started making a combined $210,000 and have a $450,000 mortgage; even that with similar school expenses to Kavanaugh ($20k/yr for preschool) makes it hard (but not impossible!) to save. This just seems like bad financial planning on his part-- when he was 35 I'm sure he wasn't banking on being a Supreme Court Justice![/quote] Yes, that is why a person with that income shouldn't buy a $1.2M house, particularly since the value of the house relates in large part to the local public schools, which the person in question doesn't use. WTAF I am the same age as Kavanaugh, with a similar HHI. DH and I live in Silver Spring, in our paid-off house worth about $800K. Our combined retirement accounts have a current value of $2.5M and we have another $300K in college savings, plus $200K in mutual funds and $80K liquid for emergencies. Isn't planning ahead and minimizing exposure to risk what lawyers are supposed to be good at? [/quote] I'm the same age as you and him and quit my job because I have more than double your assets and all of my kids out of college already. Does that make me better than you?[/quote]
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