Questions for Current Big Law Associates

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ExBiglawAssociate
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Re: Questions for Current Big Law Associates

Postby ExBiglawAssociate » Tue Jan 01, 2013 3:05 pm

scc1986 wrote: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.

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dingbat
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Re: Questions for Current Big Law Associates

Postby dingbat » Tue Jan 01, 2013 3:07 pm

scc1986 wrote: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

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ExBiglawAssociate
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Re: Questions for Current Big Law Asssociates

Postby ExBiglawAssociate » Tue Jan 01, 2013 4:10 pm

kritiosboy wrote:The S&P was up 12% this year.


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

Anonymous User
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Re: Questions for Current Big Law Associates

Postby Anonymous User » Tue Jan 01, 2013 4:28 pm

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
Last edited by Anonymous User on Tue Jan 01, 2013 5:09 pm, edited 1 time in total.

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dingbat
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Re: Questions for Current Big Law Associates

Postby dingbat » Tue Jan 01, 2013 4:38 pm

^live frugally and max out your loan repayments

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ScottRiqui
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Re: Questions for Current Big Law Asssociates

Postby ScottRiqui » Tue Jan 01, 2013 4:39 pm

.

djfe4president
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Re: Questions for Current Big Law Associates

Postby djfe4president » Tue Jan 01, 2013 4:58 pm

dingbat wrote:^live frugally and max out your loan repayments


I have no loans

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Tiago Splitter
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Re: Questions for Current Big Law Associates

Postby Tiago Splitter » Tue Jan 01, 2013 7:57 pm

Anonymous User wrote: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.




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