Questions for Current Big Law Associates Forum

[84651846190]

Can any current associates comment on the regions and/or large firms that would be better for family life. I have a wife and baby and am starting 1l at a top 14, hopefully.

Texas.

[dingbat]

Can any current associates comment on the regions and/or large firms that would be better for family life. I have a wife and baby and am starting 1l at a top 14, hopefully.

France

[84651846190]

The S&P was up 12% this year.

12-year return on the S&P 500 is -6%.

[Anonymous User]

OP Here:

Thanks for the insight everyone...although it has gotten much more complicated than I thought.

Let me give some background info....

I will be working in big law in NYC....I have no loans......no children....no property....no anything....I've worked a ton before law school but obviously not anything which pays 160K....I will be 25 by the time I graduate....Basically, I am starting fresh....

I just have an IRA but I plan on getting a 401(K) asap....

Recommendations on things you would do if you were in my situation (other investment vehicles)... I figured current big law associates would have better insight than current law students

Thanks in advance.... and oh....if you suggest more things that I should read (see original post), please feel free to post it

[dingbat]

^live frugally and max out your loan repayments

[ScottRiqui]

.

[djfe4president]

^live frugally and max out your loan repayments

I have no loans

[Tiago Splitter]

OP Here:

Thanks for the insight everyone...although it has gotten much more complicated than I thought.

Let me give some background info....

I will be working in big law in NYC....I have no loans......no children....no property....no anything....I've worked a ton before law school but obviously not anything which pays 160K....I will be 25 by the time I graduate....Basically, I am starting fresh....

I just have an IRA but I plan on getting a 401(K) asap....

Recommendations on things you would do if you were in my situation (other investment vehicles)... I figured current big law associates would have better insight than current law students

Thanks in advance.... and oh....if you suggest more things that I should read (see original post), please feel free to post it

If the IRA is pre-tax and not huge you should probably just convert it all to a Roth now and take the tax hit. Then going forward you can make Roth IRA contributions by putting the money into a traditional IRA and then immediately converting without having to deal with any tax consequences. Otherwise there aren't a lot of secrets; just save a lot.