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Re: Quitting job and starting law school in the Fall - help!

Remember that we need to stay focused on the OP's questions. This not a general discussion. Hey, LadyGeek--I've generally gotten an answer for my main questions. I actually am enjoying this discussion about people's experiences and most importantly the practice areas. I know it's not so much a port...
by m458
Sun Mar 17, 2013 9:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Quitting job and starting law school in the Fall - help!
Replies: 97
Views: 10081

Re: Quitting job and starting law school in the Fall - help!

I wonder if the people who are so negative on law school are considering the alternative--OP staying with a job paying $40-50K? At least, after going to law school, he has a very good chance to get a job paying close to $200K. He'll quickly realize this is nothing impressive in Manhattan, and the h...
by m458
Sat Mar 16, 2013 7:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Quitting job and starting law school in the Fall - help!
Replies: 97
Views: 10081

Re: Quitting job and starting law school in the Fall - help!

I agree to leave your 401k alone if you have access to a 0% loan from family. EXCEPT, that I would use your 2L year to roll over your 401k to a Roth IRA since your income will likely be at an all-time low that year. Good Luck. Should I leave it in my employer's 401k until then? Or do I roll-over to...
by m458
Thu Mar 14, 2013 11:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Quitting job and starting law school in the Fall - help!
Replies: 97
Views: 10081

Re: Quitting job and starting law school in the Fall - help!

Thanks, 2steps. You are correct that at this point my mind is about made up (I've been thinking about this for well over a year, and as you know, anyone who's gone through having to study for the LSAT probably has put a great deal of thought into this), but it's still useful to hear opinions. Intere...
by m458
Thu Mar 14, 2013 11:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Quitting job and starting law school in the Fall - help!
Replies: 97
Views: 10081

Re: Quitting job and starting law school in the Fall - help!

Hello, again! Appreciate everyone's comments. I can already say that I've decided to stick with my job until just a few weeks before school starts to help get more income and reduce the cost/debt burden of school, so thank you for that. First of all, let me just say that I'm aware of all the anti-la...
by m458
Thu Mar 14, 2013 9:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Quitting job and starting law school in the Fall - help!
Replies: 97
Views: 10081

Re: Quitting job and starting law school in the Fall - help!

As a former lawyer and a graduate of a top 10 law school, I also would strongly recommend that you avoid law school. The profession will be a soul-crushing waste of your life. After 13 years of toiling at biglaw, I was lucky to get out and be able to do what I wanted to with my life before it was t...
by m458
Tue Mar 12, 2013 10:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Quitting job and starting law school in the Fall - help!
Replies: 97
Views: 10081

Re: Quitting job and starting law school in the Fall - help!

Thanks for the comments. Yes, I'm sure I want to go. I've thought it out and specifically picked this school to minimize debt. I've also been exposed to the profession and am fully aware of the type of work that it can entail (doc review/due diligence/etc.) and okay with that as well. Have also look...
by m458
Tue Mar 12, 2013 10:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Quitting job and starting law school in the Fall - help!
Replies: 97
Views: 10081

Quitting job and starting law school in the Fall - help!

Hi, everyone, Been reading this forum for almost 2 years now and I owe you all many thanks for your insight and advice. Emergency Funds: Yes Debt: None Tax Filing Status: Single Tax Rate: 25% Federal right now, 5% State (Mid-40k salary) State: Illinois Age:24 Desired Asset Allocation: 70% Stocks, 30...
by m458
Tue Mar 12, 2013 6:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Quitting job and starting law school in the Fall - help!
Replies: 97
Views: 10081

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