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[quote=Anonymous][quote=Anonymous]DH has been a Big Law partner for five years now (one of the top grossing firms in the country). He makes 7 figures including his bonus. And he hates it. He’s miserable. He wants to take a government job for a few years and test it out- says he doesn’t want at the end of his life to say he never tried something else. He’s in a pretty specialized law section and has been successful so he’s pretty confident he would get hired by the government and go back to private if/when he needs. My question is for anyone who did this- what was your financial cushion? We have about $800,000 equity in our $1.6 M house, with a $4500 monthly mortage. Three kids, one in private preschool and two in public schools in bethesda. Two cars paid for. No debt. Close to $2M in savings not counting house equity. Close to $700,000 in 529’s for the kids (also not counted toward savings). DH feels comfortable living below our means for a few years and draining some of our savings so he can have a job that brings him happiness for some time, knowing he could go back to private if need be. It makes me more anxious. (And I do stay at home, it was a choice we both made when our oldest child was born. I was a preschool teacher and the cost of a nanny or daycare would have been more than I made.). We don’t live extravagant lives- no country clubs, not much expensive travel, no second homes, only once a month cleaners, etc. I want him to be happy more than anything but I worry about whether we can afford to live off of one government salary, even for a few years. [/quote] Is he an equity partner currently? Sounds like no. How old is he?[/quote]
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