Federal Judges, Money, SCOTUS, Sonia Sotomayor, Supreme Court

Does Judge Sotomayor Need A Visit from Suze Orman?

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Here’s interesting information about the personal finances of Judge Sonia Sotomayor (2d Cir.), nominated last month to the U.S. Supreme Court. A tipster directed our attention to this post from the NYT’s Caucus blog, observing: “You can’t spend most of your professional life as a judge and get rich. Maybe Biglaw is the way to go.”

This excerpt hits the highlights:

[Judge Sotomayor] disclosed few assets other than her home in New York. After 17 years on the federal bench, Judge Sotomayor reported having just $31,985 in cash and no stocks, bonds or securities. She has a $381,775 mortgage on her home, valued at $1 million, and owes $15,000 in dentist bills and another $15,000 in credit card bills.

Fifteen grand in dentist’s bills? Well, she does have a nice smile.

In defense of Judge Sotomayor’s financial state, she’s a single woman, no kids, with a six-figure income ($179,500), high job security, and generous retirement benefits. For competing assessments of Her Honor’s finances, see TaxProf Blog.

New Documents Reveal Sotomayor’s White House Contacts [The Caucus / New York Times]
Judge Sotomayor’s Savings [TaxProf Blog]

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