Reply to Yes, tiny violin - did anyone else struggle first years of law partnership?

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[quote=Anonymous][quote=Anonymous]This happened to us when DH became a partner (I work too before anyone comes for me). Income on paper was the same, but our health insurance doubled, our tax situation changed, our forced retirement went up and we had to make yearly capital contributions. So our income actually went down quite a bit. I won't disgust you all with the figures but we break even, i.e. we aren't putting in any pools or fully funding 529s right now. We have a nanny for three kids under four so that will be a big expense lifted in a few years. Right now we just don't travel and watch our spending with the hope that in a few years we can build up savings again.[/quote]

This explains why people get put off when others' try to count their pennies. You may think someone makes XX amount, but you have no idea what their work or expenses entail. In many cases, their money is actually tied up. OTOH, my friend knew someone who claimed to be "unemployed" for over a decade, yet was paid handsomely under the table for that entire time, and also was given free health benefits, as well.  In the meantime, they had their nose in other people's business. Sickening.

It costs to be a partner in a business. 
[/quote]

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