Search found 72 matches

by Lynx310650
Sat Oct 05, 2019 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Side income ideas for a non-lawyer JD holder?
Replies: 30
Views: 2171

Re: Side income ideas for a non-lawyer JD holder?

I graduated from law school and worked "BIGLAW" for about a year before being laid off during the Great Recession. I found a non-law government job and have been employed in it since then. My job is pretty solid. I get to work from home most of the time, and have a lot of freedom during business ho...
by Lynx310650
Sat Oct 05, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Side income ideas for a non-lawyer JD holder?
Replies: 30
Views: 2171

Re: Side income ideas for a non-lawyer JD holder?

Thanks! Wow, yea you are kind of living my dream.. Estate planning was the field I was looking at. I also speak a foreign language of a fairly sizable and aging immigrant community, so I was thinking of that as a potential "in" or "niche". I malpractice insurance fairly affordable? Also, what kind ...
by Lynx310650
Fri Oct 04, 2019 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Side income ideas for a non-lawyer JD holder?
Replies: 30
Views: 2171

Re: Side income ideas for a non-lawyer JD holder?

This answers a question from above as well, I'm actually licensed in California. (took and passed bar) How do you feel about tax law? Tax controversy representation is very financially rewarding. Most of the work is procedural and boring, but that makes it a perfect side hustle. If you’re admitted ...
by Lynx310650
Fri Oct 04, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Side income ideas for a non-lawyer JD holder?
Replies: 30
Views: 2171

Re: Side income ideas for a non-lawyer JD holder?

Gill wrote:
Fri Oct 04, 2019 7:43 pm
Why do you call yourself a “non-lawyer JD holder”? Seems to me you are a lawyer who is admitted to practice.
Gill
Well I guess because I don't actually practice law, but yes I am licensed.
by Lynx310650
Fri Oct 04, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Side income ideas for a non-lawyer JD holder?
Replies: 30
Views: 2171

Re: Side income ideas for a non-lawyer JD holder?

You have little law experience and haven’t practiced in awhile. Consider working part-time or project-based for an experienced attorney so you can gain experience and your work will have oversight. Don’t bite off more than you can chew yet taking on clients as a sole practitioner. Thanks, I was eve...
by Lynx310650
Fri Oct 04, 2019 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Side income ideas for a non-lawyer JD holder?
Replies: 30
Views: 2171

Re: Side income ideas for a non-lawyer JD holder?

Estate planning goes hand-in-hand with personal finance. If you take a few CLEs, find a local mentor, and beat the street marketing, you can get an estate planning practice going. I do estate planning, probate, and business law (contracts, LLCs, etc..). Just keep your overhead low, provide good val...
by Lynx310650
Fri Oct 04, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Side income ideas for a non-lawyer JD holder?
Replies: 30
Views: 2171

Re: Side income ideas for a non-lawyer JD holder?

Have you thought about taking the bar exam? I have a day job with the feds and a law practice on the side (transactional stuff). EDIT: if you have spare time, studying for the bar won’t be tough and the biggest hurdle to being a lawyer is law school, and you’ve already got that covered. Also, the a...
by Lynx310650
Fri Oct 04, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Side income ideas for a non-lawyer JD holder?
Replies: 30
Views: 2171

Side income ideas for a non-lawyer JD holder?

I graduated from law school and worked "BIGLAW" for about a year before being laid off during the Great Recession. I found a non-law government job and have been employed in it since then. My job is pretty solid. I get to work from home most of the time, and have a lot of freedom during business hou...
by Lynx310650
Sun Feb 10, 2019 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: "Qutting" Job soon: Some questions (unemployment, health insurance)
Replies: 5
Views: 1052

Re: "Qutting" Job soon: Some questions (unemployment, health insurance)

My suggestion, if it is not already too late, is to find another job before you resign from your current employer. It may take longer than you expect to find another job, and this would eliminate the concerns you mention. It should not be too difficult to tolerate the new situation because you know...
by Lynx310650
Sun Feb 10, 2019 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: "Qutting" Job soon: Some questions (unemployment, health insurance)
Replies: 5
Views: 1052

"Qutting" Job soon: Some questions (unemployment, health insurance)

My entire department is basically being subsumed by another department. We were always small (4 people: me, my boss, and 2 direct reports of mine). My boss is being reassigned to another department, one of my reports is being laid off, and they haven't decided on my other report. As for me, they off...
by Lynx310650
Fri Dec 28, 2018 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Will I be renting forever?
Replies: 44
Views: 3389

Re: Will I be renting forever?

I'm pushing 40 and have only rented since age 18. My spouse and I also live in a HCOL area and am pretty much priced out of the type of home in the neighborhoods we'd want. Not sure if this will make YOU feel better, but this thought does give me some comfort. Bottom line is, I can't afford to buy, ...
by Lynx310650
Fri Dec 21, 2018 3:03 pm
Forum: Personal Consumer Issues
Topic: MIL looking for a large "luxury" sedan
Replies: 51
Views: 5349

MIL looking for a large "luxury" sedan

New car time for my MIL. She wants a larger "luxurious" type sedan. The only one she's considering brand new is the Toyota Avalon. I've fished for quotes for her and it seems like 35k OTD should be easy on the base model. Otherwise, going used, she'd rather keep it in the 25-30k window. Here are the...
by Lynx310650
Thu Dec 13, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Layoff coming in 3-6 months, questions about preparing
Replies: 20
Views: 2741

Re: Layoff coming in 3-6 months, questions about preparing

A heartfelt thank you to everyone for your advice!
by Lynx310650
Tue Dec 11, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Layoff coming in 3-6 months, questions about preparing
Replies: 20
Views: 2741

Re: Layoff coming in 3-6 months, questions about preparing

If your wife can cover all expenses and assure 401K why would you dial back? Personally - if I were you - I would INCREASE 401K as you go into the new year to try to get as much in for you personally before you get laid off (and then can't contribute). Sounds like you are in good shape to me. Do yo...
by Lynx310650
Tue Dec 11, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Layoff coming in 3-6 months, questions about preparing
Replies: 20
Views: 2741

Layoff coming in 3-6 months, questions about preparing

Brief background : We are DINKs in mid-to-late 30s. 3 months of expenses in liquid E-fund. I will be laid off sometime in the next 3-6 months. My company nor my direct supervisor has told me, but I have mentors/friends that are higher up in the org that have let me know that it's coming. The writing...
by Lynx310650
Wed Nov 14, 2018 3:41 pm
Forum: Personal Consumer Issues
Topic: Dumb question about bedding and comforters
Replies: 20
Views: 1876

Re: Dumb question about bedding and comforters

Thanks, the consensus seems to be to get a cover. Funny thing is basically all the covers I'm seeing cost more than the cheapie comforter I just purchased. :D
by Lynx310650
Wed Nov 14, 2018 3:03 pm
Forum: Personal Consumer Issues
Topic: Dumb question about bedding and comforters
Replies: 20
Views: 1876

Dumb question about bedding and comforters

Needed a new winter blanket. Purchased a cheap down alternative comforter (says 100% polyester fill and cover). It's machine washable. Do I need to get a separate cover for this thing? I've seen what basically look like pillowcases for comforters (duvet covers?). Or since it's down alternative and m...
by Lynx310650
Fri Sep 14, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Any issue with overpaying taxes?
Replies: 23
Views: 1814

Re: Any issue with overpaying taxes?

delamer wrote:
Fri Sep 14, 2018 4:43 pm
If you know that she paid at least $.50 per share, why not use that rather thsn $0?
DOH! That actually sounds like a really good idea, thanks.
by Lynx310650
Fri Sep 14, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Any issue with overpaying taxes?
Replies: 23
Views: 1814

Any issue with overpaying taxes?

I'm guessing not. :D But I just wanted to double check. My wife has some shares of an old employer she bought after exercising options a long time ago. There were several batches, but she purchased for anywhere from $0.50 to $1.25. She's thinking of unloading some of her shares this year. I went thr...
by Lynx310650
Fri Jun 22, 2018 12:02 pm
Forum: Personal Investments
Topic: Can you change HSA contributions throughout year?
Replies: 4
Views: 667

Can you change HSA contributions throughout year?

During open enrollment last year, I chose the amount I wanted going into HSA as a payroll deduction. I did less than the maximum. I now want to up this amount so that I contribute the maximum to my HSA this year. Are you allowed to change the amount going into an HSA throughout the year (like you wo...
by Lynx310650
Mon May 14, 2018 11:50 am
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 15658

Re: New(ish) attending physicians in the Bay Area: Housing

Most of my tech guys who are in bay area for past 15+ years make less than 200k single and 300k when both working.. I see more $$ in tri-state compared to bay area. Something is really up there.. The job market and salaries just didn't double since 2013.. But house prices did. Constrained supply ha...
by Lynx310650
Tue Apr 17, 2018 7:04 pm
Forum: Personal Investments
Topic: HSA in California : VTAPX or VIPIX
Replies: 6
Views: 1938

HSA in California : VTAPX or VIPIX

Right now my HSA is in a default FDIC insured account of some sort that has a paltry 0.05% interest. I want to get a bit more return on it. However, I don't want to fully invest it. My desire for the HSA is to use it as a medical emergency fund. Small everyday medical expenses, I will pay outside th...
by Lynx310650
Mon Apr 16, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: What are the decisions that go into buying a home?
Replies: 3
Views: 538

Re: What are the decisions that go into buying a home?

You sound a lot like us. We are renters in the Bay Area. Our delta between what we pay in rent and market is not as high as you, but our landlord does keep it lower than market, which is a bonus. I guess you can still get a SFH for $1M in certain areas, but I think they are starting to get higher in...
by Lynx310650
Fri Apr 13, 2018 2:49 pm
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 18670

Re: Work Commute: How far is too far?

Another interesting anecdotal data point I'll add. My spouse had a job with about a 1 hour driving commute each way. They let her work from home up to 3 days a week. So her total commute time per week could be just 4 hours. We later moved closer to her job, her commute became 30 minutes each way. Sh...
by Lynx310650
Fri Apr 13, 2018 11:32 am
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 18670

Re: Work Commute: How far is too far?

1 hour each way consistently seems to be the magic number for me, no matter what form the commute takes. I've had commutes of that duration in free flowing traffic, bumper-to-bumper traffic, and public transit. 1 hour was tolerable. I had a commute in a mix of free flowing and bumper-to-bumper that ...
by Lynx310650
Thu Apr 12, 2018 1:00 pm
Forum: Personal Consumer Issues
Topic: Mid-40s in tech - how to pass off as acceptably young
Replies: 111
Views: 14831

Re: Mid-40s in tech - how to pass off as acceptably young

DH (early 40s) is in tech, and looks like a guy in his late 30s/early 40s. What's helped is that he's rather new to tech (finished degree at 39), and so his degree year makes him look fresher, and he's very, very good with soft skills which is helping him get promoted quickly. His plan is to work t...
by Lynx310650
Wed Apr 11, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Help me choose a top law school!
Replies: 65
Views: 7565

Re: Help me choose a top law school!

Sure you will get a lot of good suggestions. But as you say, based on your criteria, I'd go UVA.
by Lynx310650
Wed Apr 11, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Parents want to sell house to save their business
Replies: 14
Views: 2005

Re: Parents want to sell house to save their business

Just curious what type of business? Sorry, if it is there and I missed it. It sounds like they have been at it for quite a while and made it work for near 20 years. They hit a rough patch in the last three years per the OP post. 1) Is it a dying type of business that they should just exit due to te...
by Lynx310650
Tue Apr 10, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Parents want to sell house to save their business
Replies: 14
Views: 2005

Re: Parents want to sell house to save their business

I don’t in any way doubt what you have posted, but there is one thing that doesn’t make sense. If they are only making enough from the business to keep it running, then how were they able to refinance their mortgage? Is there any chance they are exaggerating their financial distress? This is a good...
by Lynx310650
Tue Apr 10, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Parents want to sell house to save their business
Replies: 14
Views: 2005

Re: Parents want to sell house to save their business

Are they both working full time to lose money? No more money as gifts. Selling the house is bad as they are going to need that money to supplement their SS. They could both work part time and get an actual paycheck. Sell it as More Time + More Money. They need to close this sinking business. Is the...
by Lynx310650
Tue Apr 10, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Parents want to sell house to save their business
Replies: 14
Views: 2005

Parents want to sell house to save their business

I posted about this specific issue last year in which I got some good advice. The brief summary is that my parents have been running a small business for about 20 years. They had some decent years early on, but since about 2014-2015 they've been running at a small loss. And the trend seems to be dow...
by Lynx310650
Sun Apr 08, 2018 7:31 pm
Forum: Personal Consumer Issues
Topic: Thin/light but warm blanket for California winters?
Replies: 16
Views: 1157

Re: Thin/light but warm blanket for California winters?

SF Bay Area, so it doesn't get super cold during winters. For the last 10 years we've been supplementing our summer blanket with this faux-mink blanket my Asian in-laws got us 10 years ago (supposedly quite popular in some Asian countries?) that is super warm. But it's starting to fray and also was...
by Lynx310650
Sun Apr 08, 2018 5:37 pm
Forum: Personal Consumer Issues
Topic: Regrets of the frugal and dying?
Replies: 62
Views: 10669

Re: Regrets of the frugal and dying?

Usually dying people talk more about relationships than financial matters as far as regrets. +1 Any generalizations that can be made on this front, in terms of what they regret? Dying people talk more about relationships that were very good or very bad? Wish they had tried harder to maintain a rela...
by Lynx310650
Sun Apr 08, 2018 4:25 pm
Forum: Personal Consumer Issues
Topic: Thin/light but warm blanket for California winters?
Replies: 16
Views: 1157

Re: Thin/light but warm blanket for California winters?

Have you tried cotton blankets? Easy to launder, and available in all the standard sizes. I have a fleece blanket which is quite warm and light. I doubt it will hold up to more than a couple launderings. I got this as a gift, but I don't think these come in all the standard sizings. Actually our no...
by Lynx310650
Sun Apr 08, 2018 4:11 pm
Forum: Personal Consumer Issues
Topic: Thin/light but warm blanket for California winters?
Replies: 16
Views: 1157

Thin/light but warm blanket for California winters?

SF Bay Area, so it doesn't get super cold during winters. For the last 10 years we've been supplementing our summer blanket with this faux-mink blanket my Asian in-laws got us 10 years ago (supposedly quite popular in some Asian countries?) that is super warm. But it's starting to fray and also was ...
by Lynx310650
Sun Apr 08, 2018 4:01 pm
Forum: Personal Consumer Issues
Topic: New Lexus LS or Tesla Model S
Replies: 63
Views: 9294

Re: New Lexus LS or Tesla Model S

Lexus LS is my dream car, so I'm a bit biased here.
by Lynx310650
Sun Apr 08, 2018 2:38 pm
Forum: Personal Consumer Issues
Topic: Regrets of the frugal and dying?
Replies: 62
Views: 10669

Regrets of the frugal and dying?

Hopefully not too morbid of a subject. But to those that may have had the experience of being around and talking to the dying, have they ever expressed a regret that involved frugality and not spending money on something? And if so, what? I would imagine it would mostly be experiential (like not pay...
by Lynx310650
Sat Apr 07, 2018 5:13 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 246
Views: 30193

Re: What is your AA, given your age? and, Why?

Mid to late 30s, 50/50.

We are and always have been on the risk adverse side. We like the simple math. And we plan on sticking to a simple 50/50 until death instead of gliding down further.
by Lynx310650
Fri Apr 06, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 97
Views: 10851

Re: Permanent DINK couples - Considerations, thoughts, etc?

Thank you everyone. As usual, very informative and thoughtful responses. Like many responses, I'd say our main (and maybe only) concern specific to not having children is the issue of care when we get older. We are somewhat lucky in the regard that we both are the eldest sibling and have some younge...
by Lynx310650
Thu Apr 05, 2018 7:58 pm
Forum: Personal Consumer Issues
Topic: VHCOL Home Buying Advice (Bay Area, where else?)
Replies: 65
Views: 6858

Re: VHCOL Home Buying Advice (Bay Area, where else?)

b) Keep renting: This is the fallback plan, but my fear here is that home price appreciation will continue unabated, faster than my savings rate. Just an impression; I haven't done the math or collected data. Obviously, the opposite could be true. I...have no idea. There are homes here where the pu...
by Lynx310650
Thu Apr 05, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 97
Views: 10851

Re: Permanent DINK couples - Considerations, thoughts, etc?

DINK here. The most interesting thing we consider as we age is how to die broke (IE, how to use as much of our money as we want while we're still alive - this includes being generous with others). The current plan is for increasing annuitization as we move through retirement, but there are a lot of...
by Lynx310650
Thu Apr 05, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 97
Views: 10851

Permanent DINK couples - Considerations, thoughts, etc?

Married, approaching 40, will not have children. Was wondering if there were other BHs in the same situation and what (if anything) you may be doing that might be slightly (or very) different to general financial advice? A couple of things off the top of my head: Emergency fund: With each person mak...
by Lynx310650
Wed Mar 28, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Los Angeles Condo Purchase Advice
Replies: 53
Views: 4935

Re: Los Angeles Condo Purchase Advice

I'd be a little nervous about the condo market in these hot coastal CA cities. I'm in the Bay Area, and I do get the impression slowly but surely pro-development forces are starting to win out over NIMBYs. There seems to be more development coming online, but they ALL seem to be condos or townhome s...
by Lynx310650
Tue Mar 27, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: Not going to be buying chicken for a while...
Replies: 65
Views: 15217

Re: Not going to be buying chicken for a while...

Interesting article, thank you. My partner does all the grocery shopping, so I'll have to ask their opinion. We only buy chicken at Whole Foods, but I feel like I've noticed a difference in taste/texture between the two varieties of breast she buys (depending on which is cheaper (relatively!) that w...
by Lynx310650
Wed Mar 14, 2018 2:58 pm
Forum: Personal Investments
Topic: 401K: Guaranteed 9.3% Return?
Replies: 43
Views: 6958

401K: Guaranteed 9.3% Return?

I live in California, and I max 401ks for me and spouse. Every dollar that goes in would be taxed at 9.3% for California income tax purposes. To me this is a huge reason why I try to max 401k. If I were to choose to retire in a state without income tax, or even a lower bracket, it seems like that's ...
by Lynx310650
Thu Mar 08, 2018 6:24 pm
Forum: Personal Investments
Topic: Roth IRA all in cash: Strategies, thoughts, concerns, etc.
Replies: 6
Views: 678

Re: Roth IRA all in cash: Strategies, thoughts, concerns, etc.

Personally, I'd flip the allocations, as I'd want to have the equities in the Roth IRA and then pay taxes on the gains on the CDs in the 401k. +1. May want to show your wife the value of cash plot over the last 100 years. Another strategy to consider if you really need to withdraw from the Roth is ...
by Lynx310650
Thu Mar 08, 2018 3:52 pm
Forum: Personal Investments
Topic: Roth IRA all in cash: Strategies, thoughts, concerns, etc.
Replies: 6
Views: 678

Roth IRA all in cash: Strategies, thoughts, concerns, etc.

My spouse is quite risk adverse in terms of investments and has the philosophy that there is no such thing as too much cash. I personally would prefer to hold as little cash as possible and invest in stocks/bonds. A compromise we reached early on was to put all our Roth IRA funds into cash. We have ...
by Lynx310650
Fri Feb 09, 2018 2:14 pm
Forum: Personal Investments
Topic: Allegedly worst week since 2008: Time to revisit AA?
Replies: 10
Views: 1463

Allegedly worst week since 2008: Time to revisit AA?

We are in mid 30s but have a 50/50 AA due to being pretty risk adverse and just for easy math. So far it's been working for us, but recent stock downturn has us thinking. I just read this could be the worst week since 2008. Back then we did have money in the market, but our net worth overall was neg...
by Lynx310650
Thu Feb 08, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: In a rising rate environment, do banks offer incentives for early pay off?
Replies: 12
Views: 1724

In a rising rate environment, do banks offer incentives for early pay off?

Totally curious. In the past, when we've been in a rising rate environment, have banks ever tried to offer holders of low interest rate loans (whether it be home, car, student, etc) "incentives" (such as a lower pay off balance) to get them to pay off the loans? I am guessing no, but was curious abo...
by Lynx310650
Mon Jan 29, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Nondividend Distribution exceeding cost basis
Replies: 1
Views: 232

Nondividend Distribution exceeding cost basis

Brief background: My spouse, pursuant to an ISO plan, purchased some shares of the company she used to work for. This was done around 2005. About 5 years ago, she sold about 3/4 of the shares she owned, and taxes were paid. The company last year issued a nondividend distribution. The amount far exce...