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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What are the job prospects for someone graduating the law school at University of Maryland at age 40 and looking to get into government or in-house legal work? Prior experience is all in PE/hedge fund. Do you have to basically start over? Is a 200k salary working 40 hours/week realistic?

DH really wants to make this switch because he can't find a 40 hour/week job in investing (government, nonprofit, or private sector), and his heart isn't in finance anymore, and he's always been interested in doing legal work. He worked closely with lawyers on the legal aspects of deals and feels like legal work is a good fit for him. We do not have a ton of savings, I'm in a low paid field, but we wouldn't go into debt for this degree. I want to be supportive but just not sure if he will be able to get the kind of job he wants. [/quote]

So, your husband has been working at hedge funds for years, but your family has minimal savings? Seems like you and your husband should examine your life choices.[/quote]

Not everyone working at a hedge fund makes millions of dollars. Not every hedge fund is ubersuccessful. We saved a couple of million over the decade he was working there - part of that is for retirement and the other part was used to buy a house in cash. More recently, he has tried impact investing jobs, which really cut into his salary, but still don't have the work-life balance he's looking for. [/quote]
I'm financially independent having made $40k max in DC the last 27 years. You just don't see what you don't see. I have a great work life balance since there's no work.
You talking about 'millions of dollars' and him needing to make $200k got you both good.
Putting too much into house-not good.
Putting too much into retirement accounts also not good.
Not investing hands on inside Roth or traditional IRA, not good.
529-trash.
401k, maybe ok up to the match.
How was he not successful with his own finances the last 10-15 years? One has to try really hard to miss all the opportunities we have had. There are more coming and he will be at school.
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