The most prestigious law school admissions discussion board in the world.
|
 |
 
|
BIGLAWmos what are your plans for retirement & how do you think they differ
Poast new message in this thread
Date: July 19th, 2018 10:35 PM Author: Glassy Crackhouse from the "average" person's?
What are your thoughts abt retirement age? lifestyle hoaps? |
Date: July 19th, 2018 10:38 PM Author: vigorous rigor Days until retirement: 13,500 Projected Age at Retirement: 75 Reason for Retirement: 100% incapacitation (or death) View on retirement: I won’t have time, health, hobbies, or family to fall back on. |
 |
Date: July 19th, 2018 10:40 PM Author: Glassy Crackhouse Seriously? Why not just stack cash and quit young? I am a prole, fyi |
|
Date: July 19th, 2018 10:41 PM Author: vigorous rigor I haven’t been able to effectively stack cash to date. Doubt this will Change in the coming years. |
|
Date: July 19th, 2018 10:44 PM Author: Glassy Crackhouse What prevents you from doing this? It seems like so much money (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36462976) |
|
Date: July 19th, 2018 10:46 PM Author: vigorous rigor I’m 37 and have a net worth of $600kish. There’s no way out. (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36462991) |
|
Date: July 19th, 2018 10:51 PM Author: Glassy Crackhouse Jfc. (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463032) |
|
Date: July 19th, 2018 10:44 PM Author: Rose ticket booth wrinkle Former biglawmo. I don’t plan to retire — I don’t know what I would do with myself. I’ll have plenty of cash to retire early but not desire to. That could change in 30 years of course. (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36462980) |
|
Date: July 19th, 2018 10:46 PM Author: Glassy Crackhouse Are you still practicing law? (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36462986) |
|
Date: July 19th, 2018 10:47 PM Author: Rose ticket booth wrinkle Yes. Inhousemo. (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463001) |
|
Date: July 19th, 2018 10:50 PM Author: Glassy Crackhouse Do you enjoy it? Enough to do it long after you no longer must? (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463023) |
|
Date: July 19th, 2018 10:54 PM Author: Rose ticket booth wrinkle No. I will probably eventually transition to something more enjoyable. May become a gentleman shitlawyer in my 60s and 70s idk. (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463049) |
|
Date: July 19th, 2018 10:56 PM Author: Glassy Crackhouse 180. I am counting the days til I can get out but its a lot of days. I wish I enjoyed it that much (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463065) |
|
Date: July 19th, 2018 10:58 PM Author: deep purple alpha casino What do u do (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463087) |
|
Date: July 19th, 2018 11:32 PM Author: Glassy Crackhouse Lawyer. Not very enthusiastic (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463319) |
|
Date: July 19th, 2018 11:01 PM Author: contagious sound barrier how long were you in BIGLAW?
how much did you save up while in BIGLAW?
would you consider just doing something totally different when you're 50 or so? like Uber driver or whatever if you don't need a ton of cash. |
|
Date: July 19th, 2018 11:03 PM Author: Rose ticket booth wrinkle 5 years. Including savings since then ~750k. Yes I would. I don’t think I will ever do nothing, health permitting. (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463125) |
|
Date: July 19th, 2018 11:04 PM Author: contagious sound barrier that's a lot considering you were only there 5 yrs. what percent was from BIGLAW vs. in house vs. compounding interest/gains? (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463130) |
|
Date: July 19th, 2018 11:08 PM Author: Rose ticket booth wrinkle I’d have to do a lot of math to figure that out bro, especially pulling out the compound interest. My savings continue to be high since biglaw. Probably the same on average — less than in my 5th year but more than in my first 2. (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463155) |
|
Date: July 19th, 2018 11:10 PM Author: Dashing gaped gaping parlour SLAY BigLawMan SLAY (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463170) |
|
Date: July 19th, 2018 11:05 PM Author: Chocolate Boltzmann 750K is impressive as fuck unless you've been in-house for like 10 years. (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463134) |
|
Date: July 19th, 2018 11:06 PM Author: Rose ticket booth wrinkle 3 years (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463140) |
|
Date: July 19th, 2018 11:06 PM Author: Chocolate Boltzmann what are your tips for following your lead? (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463146) |
|
Date: July 19th, 2018 11:10 PM Author: Rose ticket booth wrinkle Make a lot of money and keep major expenses under control. People trying to save money by cutting down their Starbucks coffee purchases are not going to be successful at saving vs people who figure out how to pay 1k less in rent and/or car payments per month.
Also: invest into a 10 year bull market |
|
Date: July 19th, 2018 11:12 PM Author: Mustard maniacal theatre tank what is your monthly rent/mortgage? and car payment? (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463186) |
|
Date: July 19th, 2018 11:14 PM Author: Rose ticket booth wrinkle ~2700. It used to be far less. Lived with roommates when I was <30. (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463197) |
|
Date: July 19th, 2018 11:26 PM Author: Mustard maniacal theatre tank I'm still pretty impressed you saved that much. 2700 a month isn't THAT cheap, though I guess if you saved a lot when it was cheaper that helped. (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463262) |
|
Date: July 19th, 2018 11:32 PM Author: Rose ticket booth wrinkle It used to be over 1k cheaper. (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463317) |
|
Date: July 19th, 2018 11:06 PM Author: Cordovan goal in life famous landscape painting I’ve been in biglaw six years and have like nothing saved. 200k in student loans and a big down payment owned me (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463144) |
|
Date: July 19th, 2018 11:07 PM Author: Chocolate Boltzmann I don't get how the dooder above has 750K saved and you have 200K in student loans.
is this flame? |
|
Date: July 19th, 2018 11:09 PM Author: Cordovan goal in life famous landscape painting I mean I paid off 200k in Loans. I also bought a house and every gadget imaginable to man. I am a good goy (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463166) |
|
Date: July 19th, 2018 11:10 PM Author: Dashing gaped gaping parlour SLAY goy SLAY (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463173) |
|
Date: July 19th, 2018 11:13 PM Author: Rose ticket booth wrinkle I had low student loans. I turned down SEVERAL T14s for $$$$ at a TTT20. That helps a lot.
Also if that guy is not including Home equity he has a bunch more money. I rent. |
|
Date: July 19th, 2018 11:26 PM Author: Mustard maniacal theatre tank what was your loan total when you graduated? (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463267) |
|
Date: July 19th, 2018 11:29 PM Author: Rose ticket booth wrinkle 80kish. I paid very little tuition so most of that is living expenses. (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463293) |
|
Date: July 19th, 2018 11:29 PM Author: soggy piazza potus i dont know how to stop (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36463285) |
|
Date: July 20th, 2018 8:38 AM Author: Glassy Crackhouse :( (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36464390) |
|
Date: July 20th, 2018 8:44 AM Author: swashbuckling poppy jewess mad cow disease TRUMP: US POTUS AT 78
YOU: Thinking about retirement |
|
Date: July 22nd, 2018 5:15 PM Author: Glassy Crackhouse Nah just thinking about not HAVING to work (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36476270) |
|
Date: July 20th, 2018 8:47 AM Author: stirring garnet market biglaw of counsel here. no way to make enough money to retire. out of the question (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36464419) |
|
Date: July 20th, 2018 10:19 AM Author: electric violent toilet seat degenerate How much do you make? Eighth year associates get 340k and a 100k bonus. (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36464801) |
|
Date: July 20th, 2018 9:40 AM Author: 180 associate Will be a race to see if reliable artificial hearts are invented before mine explodes (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36464596) |
|
Date: July 22nd, 2018 5:16 PM Author: provocative dog poop crotch Leaving when NW hits 500K
Will cop 200-300K a year in-house
Will have a wife in the same salary range
Will do this shit until 60, then make an assessment based on life, options, inheritance, probably work a little longer |
|
Date: July 22nd, 2018 5:20 PM Author: Glassy Crackhouse Seems like a good plan. (http://www.autoadmit.com/thread.php?thread_id=4030663&forum_id=2#36476310) |
|
Date: July 22nd, 2018 5:20 PM Author: provocative dog poop crotch I don't want some prozac'd out SAHM, I don't want idiots kids or an idiot wife, I am also bored if I am not doing something, but I also don't want to have to be a slave when I'm old
so this is a fine life outcome, let's just get this shit over with |