Search found 59 matches

by Jayhawk11
Tue Oct 02, 2018 3:31 pm
Forum: Personal Consumer Issues
Topic: Washington DC with Side Trips Mount Vernon & Monticello Advice
Replies: 11
Views: 796

Re: Washington DC with Side Trips Mount Vernon & Monticello Advice

If you're staying in the District, Mount Vernon is super easy (I like to bike there, but Uber is super easy and affordable). Monticello is a tougher nut to crack in that you'll need to rent a car to get out there. But the drive to Charlottesville isn't that long and it can be an easy day trip. Just ...
by Jayhawk11
Tue Sep 25, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing Fed vs. Contracting Job Compensation
Replies: 11
Views: 598

Re: Comparing Fed vs. Contracting Job Compensation

If you keep the federal health insurance for 5 years before retirement you can keep it in retirement. My insurance is really great. 401k match is essentially 5%. I think I estimated the present value of my pension as something like $67k last year (lol), but there is significant discounting for polit...
by Jayhawk11
Tue Aug 14, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 74
Views: 7792

Re: Marriage [How should finances be handled?]

We keep finances separate, I pay the "family expenses" (rent, grocery, tv, gas, plus savings) and "bill" my wife every month for her portion (we split by our incomes). I've got an excel for all the calculations. I hold onto our savings and investments (minus my wife's 401k). Works well for us, two e...
by Jayhawk11
Mon Aug 13, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: legal recruiters? any recommendations?
Replies: 4
Views: 632

Re: legal recruiters? any recommendations?

Legal recruiters are generally useless for in-house. Best to use online job boards (indeed, monster, linkedin, etc.). In-house doesn't really need to recruit unless they are looking for a partner or some very niche IP-type person. I had a bad experience with David Carrie, so I'd steer clear if I wer...
by Jayhawk11
Thu Aug 09, 2018 6:54 am
Forum: Investing - Theory, News & General
Topic: HBO Hard Knocks Clip - Compound Interest Clip
Replies: 10
Views: 1398

Re: HBO Hard Knocks Clip - Compound Interest Clip

Also, here is the transcript for folks who don't get HBO: “Who here knows what compound interest is? This is real s–t. Financial advisers are everywhere. They’ll f—ing take your money and they’ll take 1% of everything you got. And you’ll go ‘Oh it’s 1%. It doesn’t f—ing matter.’ It matters. It matte...
by Jayhawk11
Thu Aug 09, 2018 6:51 am
Forum: Investing - Theory, News & General
Topic: HBO Hard Knocks Clip - Compound Interest Clip
Replies: 10
Views: 1398

Re: HBO Hard Knocks Clip - Compound Interest Clip

Also quite enjoyed his talk in the last part of the episode when he equated two hours a day staring at your phone to a month of your life!
by Jayhawk11
Tue Jul 17, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: New Career Advice? Would you do it?
Replies: 18
Views: 1853

Re: New Career Advice? Would you do it?

Having worked in both the private sector and the Federal government, there is no way I'd give up a GS position with a clear upward trajectory to take a sales job in finance. (1) worse salary, (2) worse security, (3) worse benefits, (4) worse work-life balance, (5) worse retirement outcomes. All for ...
by Jayhawk11
Wed Jul 11, 2018 3:45 pm
Forum: Personal Consumer Issues
Topic: Anyone take naps at work?
Replies: 93
Views: 6095

Re: Anyone take naps at work?

Sure, both my wife and I take the occasional nap at work. We work insane biglaw hours and sometimes the only way to stay alive after an all-nighter is 30 minutes under your desk. Yea, if you're working at Sonic on a 8 hour shift, a nap is probably not appropriate. But when you're paid salary and wor...
by Jayhawk11
Thu Jul 05, 2018 6:58 am
Forum: Personal Consumer Issues
Topic: Baseball simulator games (e.g., Strat-o-Matic, etc)
Replies: 22
Views: 2651

Re: Baseball simulator games (e.g., Strat-o-Matic, etc)

I'm a big fan of Baseball Mogul (a PC game): https://www.sportsmogul.com/store/p88/baseballmogul2018

I personally like building a roster through trades, savvy signings, etc. and simulating the games, but you can get as granular as you want (subbing players, trotting out lineups, hit and run, etc.).
by Jayhawk11
Thu Jun 21, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 35787

Re: What is/ was your career and would you recommend it now?

Attorney here, I cannot recommend it to anyone unless they can graduate with less than, say, $50k in debt. I was a "winner" - top 3 law school, biglaw job, and paid off my 200k in student loans in 3.5 years. Now I have a job that I really love working in the public sector for a solid middle class in...
by Jayhawk11
Thu May 24, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: govt vs. private job offers: please help me decide!
Replies: 38
Views: 3668

Re: govt vs. private job offers: please help me decide!

What jumps out at me is your high debt. I imagine that much of your debt could go away with 10-years under PSLF is you are in one of the public sector jobs. Yes, the program can (likely will) change, but it is likely that most of those changes will be retroactive. If you are eligible that makes the ...
by Jayhawk11
Wed May 09, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Lost Beneficiaries - T. Rowe Price
Replies: 26
Views: 2314

Re: Lost Beneficiaries - T. Rowe Price

My sympathies to you and your family. Thanks very much. I don't imagine I'll receive anything from T. Rowe Price either, and I don't want to start beef with them without being (1) 100% they are in the wrong, and (2) AFTER the funds have been transferred either to me (and my brother) or the then-est...
by Jayhawk11
Wed May 09, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Lost Beneficiaries - T. Rowe Price
Replies: 26
Views: 2314

Re: Lost Beneficiaries - T. Rowe Price

@ResearchMed

I like that idea. Unfortunately it is an extremely rural area, but maybe I can work out a deal with the attorney in town that I do the legal work (i.e., prepare the papers) and he receive service/keep me looped in. Sort of a local counsel-type situation.
by Jayhawk11
Wed May 09, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Lost Beneficiaries - T. Rowe Price
Replies: 26
Views: 2314

Re: Lost Beneficiaries - T. Rowe Price

Who's the "previous servicer"? What does it mean, "converted to us?' It appears that before T. Rowe Price they had another T. Rowe Price-like entity (Schwab or something) who handled the 401k before the employer decided to switch plans. They will not tell me who that entity was (yet) and I can't lo...
by Jayhawk11
Wed May 09, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Lost Beneficiaries - T. Rowe Price
Replies: 26
Views: 2314

Re: Lost Beneficiaries - T. Rowe Price

[/quote] Look through your father's papers for any original documents opening the 401k accounts or for any yearly Confirmations of Beneficiaries papers sent by T. Rowe. [/quote] Thanks for the response. I've reviewed his papers, and could not find the requisite documents. I beg anyone over 60 to get...
by Jayhawk11
Wed May 09, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Lost Beneficiaries - T. Rowe Price
Replies: 26
Views: 2314

Lost Beneficiaries - T. Rowe Price

Unfortunately my father died recently, quite unexpectedly. While he had a will filled out with his wishes, it was never executed. That hasn't been a stumbling block so far, because all of his accounts had named beneficiaries, or paid-upon-death. This has been excellent for me and my brother (the onl...
by Jayhawk11
Fri May 04, 2018 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Ed. Jones rep didn't like our plan, now we're locked out
Replies: 152
Views: 19608

Re: Ed. Jones rep didn't like our plan, now we're locked out

I would be SO angry if I were you. I feel angry just reading the thread! I do think that you should explore all options for "punishing" this guy - maybe he will think twice about causing elderly people such stress in the future. This could be as simple as a google/yelp/BBB complaint. I echo the call...
by Jayhawk11
Fri Mar 16, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: What are the jobs with the best medical insurance?
Replies: 51
Views: 4293

Re: What are the jobs with the best medical insurance?

Federal government has some pretty good health insurance options. So, given you history, maybe the VA, CDC, etc.
by Jayhawk11
Mon Jan 29, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Who taught you about financial responsibility?
Replies: 107
Views: 8159

Re: Who taught you about financial responsibility?

My parents, for both good and ill. They were very bad with money (especially my mother) and I was always quite scared about money from a young age. The "scarcity" mindset has served me well (maybe too well) in life. But they both said "pay yourself first" which did stay with me and has created a hea...
by Jayhawk11
Fri Jan 12, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Getting your spouse on the same page
Replies: 53
Views: 5778

Re: Getting your spouse on the same page

My wife is a terrible spender, totally bad with money, and tries to shut down when we even talk about it. She also is a workaholic who will work until she can't, so she just can't see why I'd want to retire. We've "solved" it such as it is, by me charging her for family expenses (her portion of rent...
by Jayhawk11
Thu Jan 11, 2018 11:21 am
Forum: Personal Consumer Issues
Topic: Poll: BHs who rent - what % of gross do you spend on rent?
Replies: 84
Views: 6240

Re: Poll: BHs who rent - what % of gross do you spend on rent?

8% in HCOL (my wife makes a ton of money making the percentage look decent).
by Jayhawk11
Tue Jan 09, 2018 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Savings for High Income Wife - Taxable?
Replies: 3
Views: 422

Re: Retirement Savings for High Income Wife - Taxable?

Thanks, Livesoft.

She is a straight W-2 employee working for a law firm, with no deferred compensation, and is not a partner there. She doesn't have an HDHP w/ HSA (she's on my health insurance). We have no children for 529s (at this point). We have no mortgage (saving for a house).
by Jayhawk11
Tue Jan 09, 2018 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Savings for High Income Wife - Taxable?
Replies: 3
Views: 422

Retirement Savings for High Income Wife - Taxable?

Thanks to a beautifully crafted State of the Financial Union document, I've convinced my wonderful - albeit decidedly non-Boglehead wife - that she needs to save more for retirement. She already maxes out her 401k at her employer. She makes too much money for an IRA (from my googling), she took home...
by Jayhawk11
Fri Jan 05, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: Why Edward Jones?
Replies: 92
Views: 17404

Re: Why Edward Jones?

My Mom uses Edward Jones, in spite of my exhortations. Why does she do it? Because, like many Americans, money/saving/retirement are scary and don't come easy. She thinks if she gives money to a "professional" every month, she is being taken care of and doesn't have to "worry" about her finances. Th...
by Jayhawk11
Wed Jan 03, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Two vastly different career considerations...Stability vs. Income
Replies: 67
Views: 5190

Re: Two vastly different career considerations...Stability vs. Income

The second job sounds brutally bad. But maybe that's just my personality and my hatred of cold calling.

I'd go with Job A, and look for something higher paying but not as stressful as Job B.
by Jayhawk11
Fri Dec 29, 2017 8:13 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 483
Views: 47539

Re: What frugal thing did you do today?

Commuted via bike instead of car/train in spite of the extreme cold temperatures. brought leftover lasagna (6 straight lunches and dinners) instead of eating something I wasn't sick of. Packed snacks and sodas so as not to have to buy them from the CVS or a restaurant. Finished the family financial ...
by Jayhawk11
Thu Dec 14, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 155
Views: 13015

Re: How much did you contribute to your 401k in 2017?

34: Me: $14,496.61 Matching: $ 6,362.84 Total: $20,859.45 Wife maxed. I feel really bad about not maxing out, honestly. I am a government employee in a very HCOL and saving for a down payment on a house. Some of that retirement guilt is curbed by knowing that I got another year of pension accrual. S...
by Jayhawk11
Mon Dec 11, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 92
Views: 13037

Re: 2018 financial goals - what are yours?

Max 401ks Start actively looking (and maybe buying!) a house convince my wife to save extra for her retirement Get vested in my pension (before they change it) Get my folks into better situations as they age Have that first kid and start the college fund Save enough for a fun trip to Ireland 2018 is...
by Jayhawk11
Thu Dec 07, 2017 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Re-inventing career in mid 30s? Law? Tech? Sales?
Replies: 18
Views: 2797

Re: Re-inventing career in mid 30s? Law? Tech? Sales?

Yea, do not do law. I say this as someone who is a lawyer for the Federal Government. The amount of debt you're likely to accrue in law school will not be offset by a government attorney salary. It is also VERY difficult to get an AUSA job. I went to an elite law school, worked at the best firm in N...
by Jayhawk11
Mon Nov 13, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Verizon Wireless - Asking for a lower rate
Replies: 21
Views: 2963

Re: Verizon Wireless - Asking for a lower rate

Verizon has discounts for many employers if you work at a megacorp. I have a discount with them currently due to my current employer (the government), but before I was here they had a discount for my megacorp. Couldn't hurt to ask.
by Jayhawk11
Wed Nov 08, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 244
Views: 32666

Re: How old are you and how much do you save for retirement a year

I'm 34: 26k a year in tax advantaged accounts Every year I accrue an additional year for terms of my Federal Pension. By my math it will equate to about $1700 a year, every year, after I retire (and my wife gets half when I die). Of course the value of this will depend on how long I stay, what my hi...
by Jayhawk11
Fri Nov 03, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: What so scary about TSP loans?
Replies: 23
Views: 2322

Re: What so scary about TSP loans?

It's a lot safer than most 401k loans because you're very unlikely to be fired once you have civil service protections. That makes the really scary thing (losing your job and owing a huge loan at the same time) much less scary! Especially as it seems that OMB's guidance is to decrease the size of Fe...
by Jayhawk11
Thu Oct 26, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: My fear about buying a house justified?
Replies: 72
Views: 7447

Re: My fear about buying a house justified?

If you want a house the difference of 800 a month, when you're saving 2500 right now, is totally fine, IMHO. While it might not be the strictly "correct" economic analysis, homeownership is about a lot more gaining an economic advantage. You should also factor the tax advantages into your analysis (...
by Jayhawk11
Fri Aug 25, 2017 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Priorities - Biglaw junior associate
Replies: 46
Views: 6144

Re: Priorities - Biglaw junior associate

Disagree completely. Contributing to a 401k, paying down debt, and "being conservative" pretty much guarantees the OP that he will be working as a lawyer for many decades to come. As mentioned earlier, this has a high burnout rate and can be highly stressful. What if he doesn't want to practice law...
by Jayhawk11
Thu Aug 24, 2017 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Priorities - Biglaw junior associate
Replies: 46
Views: 6144

Re: Priorities - Biglaw junior associate

former biglawyer (wife is a current biglawer) here: As a second year it is still so early that you should be pretty conservative (who knows when the next 2008 is, what your work flow is, if your partners leave). To me that is (1) maxing the 401k, (2) paying down the debt. Think about losing your job...
by Jayhawk11
Fri Jul 07, 2017 7:42 am
Forum: Investing - Help with Personal Investments
Topic: Roth TSP - Worth it?
Replies: 15
Views: 2193

Re: Roth TSP - Worth it?

I was initially excited when the Roth TSP option was added, but was disappointed by the rules requiring that the traditional and Roth TSPs be invested in the same funds in the same proportion, and that withdrawals must be made pro rata from each account. I decided to ignore the Roth until these iss...
by Jayhawk11
Thu Jul 06, 2017 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Roth TSP - Worth it?
Replies: 15
Views: 2193

Re: Roth TSP - Worth it?

Conversely, if you roll the old Roth 401k to your Roth IRA, the same data will be provided to you, and you must integrate this information into your own Roth IRA accounting. But you have control of the accounting, whereas you do not if the funds are rolled into the TSP. If the TSP mishandles this d...
by Jayhawk11
Thu Jul 06, 2017 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Roth TSP - Worth it?
Replies: 15
Views: 2193

Re: Roth TSP - Worth it?

Using some or all Roth TSP can be a good idea for people who will get a pension. You might find this interesting. https://thefinancebuff.com/most-tsp-participiants-should-switch-to-the-roth-tsp.html Thanks for your thoughts! Kind of what I think - sort of a shoulder shrug situation. I've considered...
by Jayhawk11
Thu Jul 06, 2017 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Roth TSP - Worth it?
Replies: 15
Views: 2193

Roth TSP - Worth it?

I'm currently working for the Federal Government. I'm maxing my non-Roth TSP every year. My question is whether I should also open a Roth TSP and roll over a Roth 401k from my former job. I'd only put a nominal amount in the new Roth TSP just so I could make the transfer. It seems like a complicated...
by Jayhawk11
Tue May 02, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Banking in Marriage
Replies: 66
Views: 6300

Re: Banking in Marriage

We keep totally separate accounts. I pay 95% of the bills. At the end of the month I tally up all mutual bills (with any mutual bills she has paid that month) in a fancy excel. The excel divides our mutual expenses so they are proportional (i.e., she makes 3 times what I make so she pays 3 times wha...
by Jayhawk11
Tue Apr 04, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Switching Jobs for less...Has anyone done this....
Replies: 46
Views: 4667

Re: Switching Jobs for less...Has anyone done this....

I took a $100,000 paycut to go from one job to another. I'm an attorney, I worked at a Biglaw firm for several years and made a ton of money. But I wasn't happy. I hated the work, the environment, the stress, my clients. It was having negative effects on my health. So I got job with the Federal gove...
by Jayhawk11
Mon Apr 03, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Young-ish bogleheads: How much (if any) social security do you expect in retirement?
Replies: 88
Views: 7125

Re: Young-ish bogleheads: How much (if any) social security do you expect in retirement?

33 here. I imagine that their will be means testing by the time I'm ready to draw. But I don't think that will entitle me to $0, probably like 50-75%. A few changes to SS will keep it solvent through my life. Too far out to make a change in my day-to-day lifestyle, just gotta save save save in any e...
by Jayhawk11
Thu Sep 01, 2016 11:08 am
Forum: Personal Finance (Not Investing)
Topic: 1 month into new job, should I leave for better job
Replies: 20
Views: 3783

Re: 1 month into new job, should I leave for better job

Leave. Gotta look out for number 1.

I left a job after 3 months in a similar situation. Was an uncomfortable two weeks at the office, but well worth the better job/better pay. You'll hardly think anything of it once you're ensconced in your new job.
by Jayhawk11
Tue Jul 26, 2016 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: BigLaw compensation portrayed accurately by media?
Replies: 43
Views: 6007

Re: BigLaw compensation portrayed accurately by media?

Yes, Biglaw compensation is accurately portrayed at the associate level - the news at Abovethelaw.com is accurate. Some firms (lower V100) are more "black box" - Jones Day springs to mind - but there is a lot of granular information, firm by firm, on associate salaries there. Partner salaries are no...
by Jayhawk11
Fri Jul 22, 2016 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 33545

Re: Where were you financially when you were at 30?

Way back then (3 years ago) I had:

30k in an emergency fund
5k in a roth
10k in taxable
100k in a 401k
No house.
No debt (I'd just gotten done paying off 175k in student loans).

Was in Biglaw, pulled in, I think, around ~230k that year in bonuses and salary. Was really helped by the rising market.
by Jayhawk11
Tue Jul 19, 2016 12:51 pm
Forum: Personal Consumer Issues
Topic: Amazon Echo & Tap
Replies: 28
Views: 3741

Re: Amazon Echo & Tap

Have had the Echo for about 10 months and am a huge fan. (1) media: great pandora, great NPR, can get sports scores and weather easily. "Alexa play Toto's Africa" and bam there it is. You're living in the future. (2) kitchen functionality: we love in the kitchen being able to say "Alexa, set timer f...
by Jayhawk11
Fri Jun 10, 2016 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 696
Views: 111754

Re: High Earners - What's Your Profession?

~125k, GS-14 lawyer. Wife makes 300k+bonus (was 100k) last year in Biglaw. I guess shes a keeper. Hold tight.and dont let go. Haha - unfortunately that came with a lot of student debt and the need to live in a high COL city. If she makes partner we are in excellent shape, but that is statistically ...
by Jayhawk11
Fri Jun 10, 2016 9:47 am
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 696
Views: 111754

Re: High Earners - What's Your Profession?

~125k, GS-14 lawyer. Wife makes 300k+bonus (was 100k) last year in Biglaw.
by Jayhawk11
Tue May 31, 2016 11:04 am
Forum: Personal Finance (Not Investing)
Topic: For whom does a Big Law career make sense?
Replies: 21
Views: 3541

Re: For whom does a Big Law career make sense?

Virtually no one (made it 6 years in Biglaw, my wife is still in Biglaw). There are a few people, my wife one of them, that are genuine workaholics - and this one profession where there is always more work to do! Some people also like being EXTREMELY detail oriented which is so important in Biglaw, ...