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Re: Attorney Hourly Rates?

As others have noted, years of experience is an important component to an attorney's hourly rate. Years of experience has a more dramatic impact at the beginning of a career, e.g. going from 2 years of experience to 6 years, than it does at the end of the career, e.g. going from 20 years to 24 years...
by RobInCT
Sun Oct 19, 2014 10:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Attorney Hourly Rates?
Replies: 41
Views: 3028

Re: Anyone cancelling travel plans?

Going to Dallas next week for work. It hadn't occurred to me to be concerned. I'd like to say that as a result of ebola I'll be more careful about not touching the blood, vomit, sweat or other bodily discharge of any strangers, but frankly, I'm already pretty careful about that, so no worries here. ...
by RobInCT
Sun Oct 19, 2014 10:02 am
 
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 6314

Re: Your personal risk level: Got your flu shot yet?

I'm one of those unreasonably healthy people who never gets sick, and I didn't get the flu shot for years until I had a friend who had a specific medical condition that meant he couldn't get various vaccines. To top it all off, this medical condition left his immune system compromised so he was MORE...
by RobInCT
Thu Oct 16, 2014 7:25 am
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 3002

Re: Possible Uninsured Motorist accident - UPDATE

I'd have texted, too. All you needed was the info, which you got from the text. Lots of crazy people out there. No need to engage in social contact with someone with whom you have an adversarial relationship, even if you were the who who "started it" by accidentally hitting someone else's ...
by RobInCT
Thu Oct 09, 2014 9:22 am
 
Forum: Personal Consumer Issues
Topic: Possible Uninsured Motorist accident - UPDATE
Replies: 47
Views: 3465

Re: Private Student Loan attacks after 7 years

It's definitely my debt. There's no question there. Not necessarily. It's only "your" debt if they properly purchased it from the original owner, if the transfer was legally operative, if the purchaser acquired and can produce to you a copy of the original note you signed. I admire you fo...
by RobInCT
Wed Oct 08, 2014 10:13 am
 
Forum: Personal Consumer Issues
Topic: Private Student Loan attacks after 7 years
Replies: 34
Views: 2419

Re: 0% Furniture Credit

Get a 2% cash back credit card and use it to pay for the furniture. At today's interest rates, the 2% cash back won't be much, if anything, less than you'd earn in interest by taking the financing offer.
by RobInCT
Wed Oct 08, 2014 10:02 am
 
Forum: Personal Finance (Not Investing)
Topic: 0% Furniture Credit
Replies: 29
Views: 1316

Re: I am surely doing something wrong (FireCalc question)

This. $1500 in 1994 is about $2300 in today's dollars. So $2300 in "real" dollars has nearly tripled in 20 years, but that's a reason to distrust the stock market? Does not compute. What has the real estate market done in the last 20 years? [emphasis mine] Seeing it phrased this way resul...
by RobInCT
Wed Oct 08, 2014 9:28 am
 
Forum: Personal Finance (Not Investing)
Topic: I am surely doing something wrong (FireCalc question)
Replies: 45
Views: 4003

Re: I am surely doing something wrong (FireCalc question)

I think so far the most impactful learning from this exercise for me, is what a ginormous difference taxes make. And how sad I am, that apparently we cannot put any in a Roth because of income limits (I just googled that, so please let me know if I'm wrong). I have one, from nearly 20 years ago, bu...
by RobInCT
Mon Oct 06, 2014 9:19 am
 
Forum: Personal Finance (Not Investing)
Topic: I am surely doing something wrong (FireCalc question)
Replies: 45
Views: 4003

Re: Annual savings to taxes ratio?

Anything much over 1:1 just means your not making enough money per year:) I don't understand the math on this. The top federal marginal rate is just under 40%, but since it's marginal, the total rate is almost always going to be under that number. And even that doesn't kick in until you make somewh...
by RobInCT
Mon Oct 06, 2014 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Annual savings to taxes ratio?
Replies: 25
Views: 2318

Re: Age 30, should I buy 30 year term?

Wait until needed. Sure, it's cheaper now, but you're also paying for 5 years you don't need. I'm a few years older than you but likely on the same general timeline with respect to marriage/kids. Our plan is to each buy a 10-year and a 20-year policy on the birth of our first child. Our thinking is ...
by RobInCT
Sat Oct 04, 2014 6:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Age 30, should I buy 30 year term?
Replies: 10
Views: 918

Re: Being older/younger in class -- benefits, issues?

Youngest in my class after 3rd grade. No problem with academics, but definitely felt slow on the uptake on social matters. Probably depends on the child. This was me too, exactly, except I was the youngest in my class starting in 2nd grade. I was academically successful, and my life has turned out ...
by RobInCT
Sat Oct 04, 2014 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Being older/younger in class -- benefits, issues?
Replies: 113
Views: 9004

Re: How can someone receiving disability invest for retireme

If the person is receiving and living off of disability and expects this situation to continue indefinitely, it's unclear the benefit to the person from saving for retirement, unless there is some fear that whatever program this person is receiving benefits under will go away in the future, since fo...
by RobInCT
Sat Oct 04, 2014 8:48 am
 
Forum: Personal Finance (Not Investing)
Topic: How can someone receiving disability invest for retirement?
Replies: 17
Views: 1001

Re: POLL: Would you rather work half as long or half as ofte

I like work because it gives me the discipline to get my rear end out of bed in the morning. I took a 10-week break from work several years ago right before I started graduate school. I had lofty notions of all I would accomplish during this break, which represented my first substantial period of no...
by RobInCT
Sat Sep 27, 2014 4:07 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Would you rather work half as long or half as often?
Replies: 68
Views: 4147

Re: Why not 100% CD's?

I think equating inflation risk to equity risk is a specious proposition. At least in the context of a distribution portfolio with a 2.5% WR. I'm in favor of doing whatever non-crazy thing helps you sleep at night, and I agree that it is unlikely that a portfolio with a 2.5% WR will be affected so ...
by RobInCT
Sat Sep 27, 2014 3:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why not 100% CD's?
Replies: 73
Views: 5261

Re: POLL: Would you rather work half as long or half as ofte

I voted #2, but I'm with the crowd who would have preferred a full-time, full-length career. I really like my career. It makes me feel useful and fulfilled. As I've paid off my loans and begun to accumulate more than I really "need," rather than cutting back on hours or planning to work fo...
by RobInCT
Thu Sep 25, 2014 10:31 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Would you rather work half as long or half as often?
Replies: 68
Views: 4147

Re: PBSC - Bone Marrow [Donor]

My girlfriend and I have been registered for approximately 5 years. I've never been called, she's been called 3 times. Each time she's been called they've ultimately ended up using a different donor, but the first time she was called, she got put in touch through mutual friends with someone who had ...
by RobInCT
Thu Sep 25, 2014 7:40 am
 
Forum: Personal Consumer Issues
Topic: PBSC - Bone Marrow [Donor]
Replies: 12
Views: 959

Re: How to achieve a balance between "saving" and "living"?!

Everyone has to make the choice right for them, but I realized early on that math says that dollars saved in my 20s would contribute be worth more to me in retirement than dollars saved in my 40s. I saved aggressively starting in my early 20s, when I was making with a salary of less than $30k/year. ...
by RobInCT
Fri Sep 19, 2014 10:14 pm
 
Forum: Personal Consumer Issues
Topic: How to achieve a balance between "saving" and "living"?!
Replies: 64
Views: 6684

Re: Meetings over the lunch hour, taboo?

In our manufacturing business, we are delighted anytime we can meet with a client. We don't care if it is before or after normal work hours, or if it is over lunch. Without clients, we would not exist. Occasionally when people's schedules are very congested, someone will schedule an internal meetin...
by RobInCT
Thu Sep 18, 2014 10:48 pm
 
Forum: Personal Consumer Issues
Topic: Meetings over the lunch hour, taboo?
Replies: 46
Views: 3975

Re: [can my family live in a] Tiny house

Wait until you're retired and out of your house to live out your non mainstream lifestyle choices. Your children may not share your passion for tiny living. They may hate each other and you for it, especially once they hit middle school. I have a good friend who grew up in a 2-bedroom apartment in N...
by RobInCT
Tue Sep 16, 2014 2:33 pm
 
Forum: Personal Consumer Issues
Topic: [can my family live in a] Tiny house
Replies: 60
Views: 4221

Re: Meetings over the lunch hour, taboo?

I'm a younger professional (30something), and we have meetings--both in house and external--at or around lunch all the time. Lunch is generally not provided unless we are hosting and it involves a client. A meeting at 12:30 just means lunch needs to be eaten before or deferred until after. I didn't ...
by RobInCT
Mon Sep 15, 2014 6:05 pm
 
Forum: Personal Consumer Issues
Topic: Meetings over the lunch hour, taboo?
Replies: 46
Views: 3975

Re: College-bound teens and finances

Most colleges have some sort of a deal with a bank that offers free student checking and has a no-fee ATM on campus. Most students will have an account at that bank. My parents never made me an authorized user on any of their cards. I still got one at about 18 after being rejected for a couple. I t...
by RobInCT
Thu Sep 11, 2014 8:55 am
 
Forum: Personal Finance (Not Investing)
Topic: College-bound teens and finances
Replies: 35
Views: 2534

Re: Where can I get a [toddler-friendly weekend] job? Update

When are you going to sleep? If you leave one job at midnight and arrive at the other at 7 a.m., what's the plan for the 7 hours in between? And hoping you can get two full-time jobs? Unless the night manager sleeps the entire shift, I don't even see how that sounds possible. Honestly, this all soun...
by RobInCT
Thu Sep 11, 2014 8:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Where can I get a [toddler-friendly weekend] job? Update
Replies: 33
Views: 3710

Re: College-bound teens and finances

Back in the day, you could not get a CC without a steady source of income, and sometimes not even then. Before we were married, my wife was turned down back in the late 70's when she had a fulltime job making 2x the minimum wage. I think this is in large part due to discriminatory practices against...
by RobInCT
Thu Sep 11, 2014 8:03 am
 
Forum: Personal Finance (Not Investing)
Topic: College-bound teens and finances
Replies: 35
Views: 2534

Re: Employer finding out you have a financial cushion?

I think this really depends on the organization and on quirks personal to certain supervisors. I have hiring/firing/bonus recommending power at a Megacorp, and I assure you that I do not know, nor can I imagine that it would be possible for me to find out, the 401k balances of my supervisees. I assu...
by RobInCT
Mon Sep 08, 2014 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 72
Views: 8354

Re: Did you reveal to your kids...your savings and salary

If my spouse refused to tell me how much she earned, I would have a big problem with that. I realize some people on this forum have spouses who have no interest and can't be made to have any interest, and that seems like a personal relationship issue about which I have no opinion. But the idea that ...
by RobInCT
Thu Sep 04, 2014 8:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Did you reveal to your kids...your savings and salary
Replies: 75
Views: 7095

Re: Pay off student debt with family inheritance "loan"?

Only do it if they can afford to lose the money completely without jeopardizing their retirement. I had a family member offer to do something similar, but I declined the offer. Federal student loans are dischargeable in the event of death or disability. If you get hit by a bus the day the after your...
by RobInCT
Sun Aug 31, 2014 6:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay off student debt with family inheritance "loan"?
Replies: 23
Views: 1539

Re: My husband's " WILL", $ left for me to live on....

OP, if your husband is concerned with fairness, it might also help to point out that by marrying you he significantly improved the odds that responsibility for his later-life care will be shifted away from the children to whom he wants to leave almost all of his assets. My are both moderately afflue...
by RobInCT
Fri Aug 29, 2014 2:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17893

Re: My husband's " WILL", $ left for me to live on....

OP did not contribute at all to her husband's success from his former life. She is nowhere near normal retirement age and isn't working. Why should she expect to retire as a multi-millionaire at the age of 40, 45, etc.? And if her husband dies soon, she will surely remarry and enjoy sharing in her ...
by RobInCT
Fri Aug 29, 2014 1:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17893

Re: My husband's " WILL", $ left for me to live on....

Even if you did sign a prenup, that doesn't apply to child support. A decedent has no obligation of child support. He can disinherit the child completely. Gill Respectfully, this is not true in every state. Inheritance laws vary a lot by state, which is why it is crucial that the OP go to an attorn...
by RobInCT
Fri Aug 29, 2014 7:31 am
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17893

Re: Questions for Landlords

I think some of this may vary by regional custom and/or by type of property owned. I've only ever occupied apartments in large apartment buildings managed by a management company. In these instances, it is generally expected that the landlord will perform additional cleaning/maintenance between tena...
by RobInCT
Fri Aug 29, 2014 6:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Questions for Landlords
Replies: 22
Views: 1574

Re: How much do you plan to save in your 529 plan?

Can someone define what a "2nd tier expensive private college" is? Names for example? Well, this is an easy way to offend large numbers of alumni, but here are some examples often considered to fall in this group: + Northwestern + Middlebury + Rice + Johns Hopkins + Emory + Tufts Those sc...
by RobInCT
Sun Aug 24, 2014 2:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you plan to save in your 529 plan?
Replies: 60
Views: 7081

Re: Is it me, or are "collectibles" worthless in 2014?

Internet penetration in 1999 was something like 30%. It's now something like 90%. You were among the first to discover that an elderly relative had a dumpster's worth of "junk" that people on the internet would pay money for, and you profited from early incursion into the marketplace. Now ...
by RobInCT
Sat Aug 23, 2014 5:17 pm
 
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 6534

Re: Tipping the virtual waiter/waitress?

In fairness, I doubt your server is responsible for printing those tips about how to tip on your receipt. So punishing them for it seems silly and counterproductive. Business owners--who control what gets printed on receipts--would undoubtedly like to encourage you to tip more so that they can shift...
by RobInCT
Sat Aug 23, 2014 7:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Tipping the virtual waiter/waitress?
Replies: 18
Views: 2075

Re: Do you tip on the tax? [Restaurants]

No, I didn't say that the custom was true in every poor country. I would have no way of knowing that, as I've never been to every poor country. However, you did imply that it was never true, which you can't know either. I don't personally feel it's my job when traveling abroad to decide that I know ...
by RobInCT
Sat Aug 23, 2014 12:02 am
 
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 124
Views: 5309

Re: Do you tip on the tax? [Restaurants]

What's not true? It's not true that in some countries, different things are expected of different groups of people? With respect, unless you've visited every country in the world and conducted a thorough exploration of their social customs, you cannot possible know this to be "not true."
by RobInCT
Fri Aug 22, 2014 11:32 pm
 
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 124
Views: 5309

Re: Why do we tip restaurant servers?

I wonder if people who don't tip as a matter of principle feel that servers should be allowed, as a matter of principle, to refuse to serve them the next time they came into the restaurant, as well?
by RobInCT
Fri Aug 22, 2014 11:30 pm
 
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 2336

Re: Do you tip on the tax? [Restaurants]

20% on the total including tax, round up to next dollar. No, it doesn't take more time to refill your wine glass than to refill your Coke, but more expensive restaurants typically have fewer waiters assigned to each table than would your local diner. A waiter at an upscale establishment may only ser...
by RobInCT
Fri Aug 22, 2014 11:16 pm
 
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 124
Views: 5309

Re: Cost, duration of grad school?

How old are you kids? I went to grad school. I graduated with approximately $150k in student loans, which I was able to pay off entirely within 4 years because I enrolled in a program that that provided employment opportunities upon graduation good enough to manage the price of attendance. While sur...
by RobInCT
Wed Aug 20, 2014 9:49 pm
 
Forum: Personal Consumer Issues
Topic: Cost, duration of grad school?
Replies: 29
Views: 1538

Re: eBay product misrepresented

If you like the jacket and it fits, I don't understand the problem? What would you like the seller to do? Undo the alterations so that it no longer fits so that you can pay to have them redone yourself? I guess if it's just a principle thing, you can ask the seller to issue a refund and pay for retu...
by RobInCT
Wed Aug 20, 2014 8:10 am
 
Forum: Personal Consumer Issues
Topic: eBay product misrepresented
Replies: 9
Views: 1253

Re: Reducing time spent paying bills

With credit cards, if you call the bank they'll almost always let you pick the day on which your payment is due. Some will even let you choose/change the date online. I have mine set to be due the same day as my rent. Cable and cell phone get automatically charged to my credit cards, so I don't have...
by RobInCT
Wed Aug 20, 2014 8:04 am
 
Forum: Personal Consumer Issues
Topic: Reducing time spent paying bills
Replies: 25
Views: 1767

Re: When did you downsize?

Lots of personal factors to consider here. My parents had a relatively amicable divorce with an agreement that my father would continue to make it possible for my mom to stay in what had been the family home until the youngest (my little sister) left for college. They sold the house during my sister...
by RobInCT
Sat Aug 16, 2014 9:40 pm
 
Forum: Personal Consumer Issues
Topic: When did you downsize?
Replies: 35
Views: 3359

Re: Student Loans

Liked studying it but didn't like the job. Fantasy didn't meet reality. Thats why I wanted to work at a law firm and get a few informational interviews at other law firms before even applying/matriculating to law school. So far, at my job I like it a lot. Its a million times better than being an ac...
by RobInCT
Wed Aug 13, 2014 7:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Student Loans
Replies: 32
Views: 3378

Re: What are you doing re charitable giving (money, not time

My partner and I give 10% annually. We also subscribe the secular version of tithing. We've been given great gifts, and we feel a moral obligation to return some of those gifts to our community, without whom our success would not have been possible, and to give to the world at large, particularly to...
by RobInCT
Sun Aug 10, 2014 3:34 pm
 
Forum: Personal Consumer Issues
Topic: What are you doing re charitable giving (money, not time)
Replies: 26
Views: 1659

Re: FICO to raise credit scores

Sigh....I will still be the same credit rating as I have no medical debt in collections...or any debt in collections to be removed.... Why do these people get higher scores again? Perhaps because people who have access to data regarding repayment rates have determined that people with unpaid medica...
by RobInCT
Sun Aug 10, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: FICO to raise credit scores
Replies: 11
Views: 1869

Re: Fear of Disclosing Net Worth

I see lots of people discussing why they think information about their income and net worth isn't knowable by financial companies and the like. I don't see anyone pointing to more-than-hypothetical negative consequences of having the information known. If you just don't want companies knowing becaus...
by RobInCT
Sun Aug 10, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Fear of Disclosing Net Worth
Replies: 60
Views: 8340

Re: Fear of Disclosing Net Worth

Do you own a house? Is it one commensurate with your net worth? Property records are public. Have you applied for a credit card and disclosed your salary in connection with the application? Where do you keep you money? They certainly know how much you have there. I guess you could go to extraordinar...
by RobInCT
Sun Aug 10, 2014 9:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Fear of Disclosing Net Worth
Replies: 60
Views: 8340

Re: Affording a 1.3 million home?

I think you can afford it, and I think you should do it as long as you are reasonably certain that this is a home you'll want to stay in for a very long time. People who are suggesting renting for a few years seem to discount the possibility that both rent and housing prices may continue to rise, pe...
by RobInCT
Sun Aug 10, 2014 8:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Affording a 1.3 million home?
Replies: 105
Views: 11616

Re: Buying a house and a car

Thanks for the tips. Leasing a car is something I don't think she's even considered. We'll look into that. Renting for a year is unfortunately likely not an option. She has geographic restrictions on where she's able to live that relate to her job, and rental stock within the defined perimeter is sp...
by RobInCT
Sat Jul 26, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a house and a car
Replies: 6
Views: 468

Buying a house and a car

Asking this question on behalf of my sister-in-law who is relocating from a HCOL area where she has not needed to own a car back to the medium COL area where she grew up. She knows the area well, has a lot of family there, and is intending this move to be long-term. She would like to buy a house rel...
by RobInCT
Sat Jul 26, 2014 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a house and a car
Replies: 6
Views: 468

Re: Lost a lot in stocks and starting fresh: Please Help

I don't think you should pay off the 0% credit card debt right now. I think you should put everything towards savings/emergency fund and then pay the 0% credit card debt as a lump sum out of the savings/emergency fund right before the interest rates reset. Reason? 1) You can earn a small amount int...
by RobInCT
Wed Jul 23, 2014 6:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Lost a lot in stocks and starting fresh: Please Help
Replies: 90
Views: 12432
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