Search found 7 matches

by AustinAttorney
Thu Mar 23, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 20
Views: 1173

Re: What criteria warrants a need for Living Revocable Trust?

This is not in my wheelhouse (I am an intellectual property attorney, although I did take probate and estate planning classes in law school). However, even in Texas where probate is known to be simpler than many other states, I can still see many reasons for a revocable living trust (and we have one...
by AustinAttorney
Sun Mar 19, 2017 12:27 am
Forum: Investing - Theory, News & General
Topic: Crowdfunding real estate?
Replies: 20
Views: 1146

Re: Crowdfunding real estate?

Personally, I find real estate crowdfunding intriguing. I've signed up on the RealtyShares and PeerStreet platforms. so far, however, I've only invested $2K on RealtyShares into an asset-backed hard-money loan with one-year term at 10%. Given the illiquidity and tax treatment of income, seems to me ...
by AustinAttorney
Fri Mar 17, 2017 7:48 pm
Forum: Investing - Theory, News & General
Topic: Schwab: Is There Ever a Bad Time to Invest?
Replies: 22
Views: 3287

Schwab: Is There Ever a Bad Time to Invest?

Food for thought: shows the downside of pulling out of equities and piling into cash during a perceived market high.

http://www.schwab.com/insights/stocks/i ... -to-invest
by AustinAttorney
Sat Feb 25, 2017 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Cash Balance Defined Benefit Plan
Replies: 12
Views: 1002

Re: Cash Balance Defined Benefit Plan

I am a non-equity partner in an AmLaw 150 firm and am on the firm's retirement plans committee. We have a 401(k) and profit sharing for everyone and a cash balance plan just for the equity partners. A few points that I've learned: Thanks for sharing your thoughts Chicago. Good to hear from someone ...
by AustinAttorney
Sat Feb 25, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Cash Balance Defined Benefit Plan
Replies: 12
Views: 1002

Re: Cash Balance Defined Benefit Plan

Thanks for he additional replies. To answer 123's question, there's no firm match. We're owners of the firm, so there's really no match. Again, thanks for all of the shared wisdom. I think I lean strongly towards maxing out, and hoping the firm terminates the plan in a few years and spins up a new o...
by AustinAttorney
Fri Feb 24, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Cash Balance Defined Benefit Plan
Replies: 12
Views: 1002

Re: Cash Balance Defined Benefit Plan

Thanks for all of the replies this far, and the congrats. To answer a question from one of the replies, we have about 100 equity partners, so the costs are spread around. The firm management is great at keeping costs low, so we have very low expenses in this plan. I think at the end of the day, I go...
by AustinAttorney
Fri Feb 24, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Cash Balance Defined Benefit Plan
Replies: 12
Views: 1002

Cash Balance Defined Benefit Plan

Hi all. Long-time lurker, first-time poster. I was recently elevated to an equity partner in my law firm, which now means I am required to participate in a cash balance defined benefit plan. While participation is required, there is an election as to how much one contributes, however, such election ...

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