Budgeting

Deep Dive: Getting Money Out Of Retirement Accounts

August 15, 2018

Retirement accounts are great.  They’re an awesome way to defer taxes and force yourself to save.  And I love employer matches most of all! Those of you in BigLaw probably don’t know how great employer matches are because BigLaw is pretty stingy on that front. What To Do About Retirement Accounts If You Retire Early […]

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Budgeting Mistakes Lawyers (And Most People Generally) Make

August 11, 2018

When I first started at the law firm, there was a mid-level associate that I worked for on some deals who would buy herself an expensive present every time she finished a deal.  It was mostly new shoes and purses handbags.  And I don’t blame her.  Deals are hard.  But I shudder to think how […]

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FIRE: What’s Your Number?

August 10, 2018

Let me start by saying that I’m not an expert on FIRE or the flavors of FIRE.  Physicians on Fire does a pretty good summary of the various “waistline sizes” of FIRE.  But it’s really not that complicated. You figure out how much you spend every year and multiply it by 25.  That’s the amount […]

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When To Set Up Your Backdoor Roth? Yesterday.

August 10, 2018

There are generally two types of retirement accounts in the U.S. The first are accounts that allow you to contribute pre-tax dollars (which can be deducted) such as 401(k)s and Traditional IRAs. Gains within the account are not taxed. All distributions from the account will be taxed at your ordinary income rate at the time […]

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An Expat Package Can Boost Your Financial Progress Into Superspeed

August 10, 2018

One of the ways we were able to save an extra $100,000 to $200,000 was by benefiting from the BigLaw expat package and working abroad for two years.  This was a great way to save some extra money, live in a new place and do tons of traveling. Expat packages are different depending on the […]

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