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Money and Finances
Reply to "Kavanaugh's finances"
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[quote=Anonymous]Don’t really care about Kavanaugh one way or the other, but TBH he sounds like MANY MANY of my attorney peers who are morons when it comes to anything involving numbers while having a keeping up with the Joneses problem. What happens then – well that’s how you end up being 53, having a 300k HHI, and having freaking 500-565k in retirement between you and your wife and 65k in assets with an 800k+ mortgage remaining and apparently 200k in other debt at times including 401k loans!? And these people aren’t spending 50k/yr per kid on private school – more like 10k/yr per kid on catholic school. I realize a 401k doesn’t matter bc judges get a salary for life upon retirement anyway, so maybe they just aren’t putting money into retirement – but they sure as hell aren’t using it to save some cash/investments (as demonstrated by assets of 65k and CC debt) or pay down the 800k in mortgage they’re sitting on in their 50s. He wasn’t biglaw for long looking at his bio – maybe from 1998-2001 at most and it’s even possible he was non equity for some/all of that time bc Kirkland has a 2 tier structure. But even not being a partner – come on. At an HHI of 240k and more like 300k with the wife working – they’re not saving bc they have judgment problems, like many lawyers I know in DC.[/quote]
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