Search found 32 matches

by TheDoorMan19
Tue Nov 19, 2019 10:23 pm
Forum: Personal Consumer Issues
Topic: Getting back into law after 25 years stay-at-home mom
Replies: 18
Views: 1509

Re: Getting back into law after 25 years stay-at-home mom

I don’t have any great ideas on how to get back into practice, but there’s a simple recipe for passing the bar exam: pay a few thousand dollars for BARBRI, pay attention in class and do the homework and be set. BARBRI is the review course that the vast majority of graduating law students take.
by TheDoorMan19
Fri Nov 15, 2019 6:38 pm
Forum: Personal Consumer Issues
Topic: Bigger car for baby?
Replies: 62
Views: 2640

Re: Bigger car for baby?

I didn’t read your post or any replies but I can tell you that the answer to the question in the title is Minivan. That is the answer to any question involving the word vehicle and children.
by TheDoorMan19
Mon Nov 04, 2019 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of Leaving Biglaw (current midlevel) - Things to Consider
Replies: 13
Views: 2857

Re: Thinking of Leaving Biglaw (current midlevel) - Things to Consider

Tough to say. I’ve seen associates go in house and regret the decision so much they moved back to biglaw within a year. I’ve seen associates go in house and love the decision. I’ve seen them go in house and work almost as much as biglaw. I’ve seen them go in house and work 9 - 5 without even having ...
by TheDoorMan19
Sun Aug 04, 2019 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Appealing property tax assessment
Replies: 19
Views: 1482

Re: Appealing property tax assessment

cook County Illinois - I take advantage of the numerous attorney mailings offering to do it for one half of the value of one years savings, which is really one sixth of the savings because they are on a theee year appraisal cycle. No cost if no savings. Someone once told me that all that matters is ...
by TheDoorMan19
Sat Jul 20, 2019 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Corporate Acquisition - Key Person
Replies: 21
Views: 2268

Re: Corporate Acquisition - Key Person

Do not expect a salary increase unless salaries at the acquirer are higher - in that case they will put you on par with them. Do not expect a big bonus increase unless bonuses at the acquirer are higher - in that case they will put you on par with them. Do expect a comprehensive equity or long term ...
by TheDoorMan19
Wed Jun 26, 2019 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Deferred compensation, thoughts?
Replies: 22
Views: 1934

Re: Deferred compensation, thoughts?

Another downside is you are forced to lock in when you get a distribution - not like a 401k where you can take it any time. Google 409A
by TheDoorMan19
Mon Apr 22, 2019 10:14 am
Forum: Personal Finance (Not Investing)
Topic: 1st job as an MD- contract review
Replies: 16
Views: 2190

Re: 1st job as an MD- contract review

A physician should not sign an employment contract without reviewing it with an attorney. First, you don’t know what you dont know - in other words, it’s somewhat easy to read a contract to see what is IN it, but it’s harder to know what is MISSING from it unless you have experience in the area. Sec...
by TheDoorMan19
Thu Mar 28, 2019 5:35 pm
Forum: Personal Consumer Issues
Topic: iPad Pro 10.5"
Replies: 16
Views: 1233

Re: iPad Pro 10.5"

Right, why pay for your pro if you are only doing basic activities. I only do basic activities but was bought the pro because I wanted the pencil that attaches to the iPad, rather than the old version that you have to carry around like with the 10.5. If I didn’t need the pencil for work, I would hav...
by TheDoorMan19
Wed Mar 27, 2019 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Are family vacations considered a reportable gift?
Replies: 33
Views: 4074

Re: Are family vacations considered a reportable gift?

I’m not familiar with the law on this point, but if a vacation is subject to gift tax, what about taking your family out to a nice birthday dinner? Or giving them pizza at your house? I would think There has gotta be some IRS guidance saying that ordinary family activities are not gifts. But I’ve be...
by TheDoorMan19
Sun Mar 24, 2019 9:46 am
Forum: Personal Consumer Issues
Topic: Uber - Fare Estimator question
Replies: 11
Views: 583

Re: Uber - Fare Estimator question

Pool means that there may be other riders in the car going to an additional stop. It’s for people who want to save money and aren’t in a rush. I always use UberX, which is like a taxi - your house to your destination, nobody else. I dont Believe there is a charge for additional people, but not one h...
by TheDoorMan19
Tue Mar 19, 2019 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Car Dealer Promo: 0% for 60 months (need advice)
Replies: 25
Views: 2630

Re: Car Dealer Promo: 0% for 60 months (need advice)

I’m in similar situation as you and looking to purchase an Elite (thanks wifey) in the next week. Current Honda manufacturer incentive is .9 for 36 or 1.9 for 60. Anything better is coming from your pocket from the dealer in terms of higher purchase price. As far as Honda incentive, one dealer is gi...
by TheDoorMan19
Wed Mar 13, 2019 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring Early and losing RSUs
Replies: 32
Views: 2777

Re: Retiring Early and losing RSUs

The purpose behind the RSUs is to incentivize you to stay, not really to prevent you from going to a competitor (since vesting is tied to you staying, and if you leave you forfeit whether or not you go to a competitor). You could try to negotiate continued vesting for a part time or consultant role,...
by TheDoorMan19
Mon Mar 04, 2019 7:50 am
Forum: Personal Investments
Topic: How do annuity payers and pension companies know when you die?
Replies: 25
Views: 2210

Re: How do annuity payers and pension companies know when you die?

There was litigation several years ago whereby somebody sued the insurance companies for checking the master death file for purposes of stopping annuity payments but not for purposes of paying out life insurance. I don’t recall how it ended, but maybe the video link that was posted above sheds light...
by TheDoorMan19
Sat Feb 23, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: I have the answer - 4% plus 2 years (or 3.7% if you prefer)
Replies: 81
Views: 6922

Re: I have the answer - 4% plus 2 years (or 3.7% if you prefer)

Another alternative: Buy a CPI inflation adjusted annuity. Immediateannuities.com shows the payout for a joint and survivor annuity, both age 60, is 3.3%. Higher at age 65
by TheDoorMan19
Sun Feb 17, 2019 8:14 pm
Forum: Personal Consumer Issues
Topic: First thing(s) you'd do when you achieve financial independence?
Replies: 73
Views: 6316

Re: First thing(s) you'd do when you achieve financial independence?

Immediately quit my job. Unless it was December in which case I’d stay until January to get my profit sharing contribution, bonus and max 401(k) for next year.
by TheDoorMan19
Thu Feb 14, 2019 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff mortgage vs investing: Looking at the math
Replies: 35
Views: 3629

Re: Payoff mortgage vs investing: Looking at the math

Plug in your mortgage rate for the pay down. That is a known rate because you have already taken out the mortgage. Plug in various assumed investment rates of return. If you were to buy a 10 year CD it would be about 2.5%. If you were to go 50% bonds and 50% stocks say 5% (pure speculation). If you ...
by TheDoorMan19
Sun Feb 10, 2019 9:05 pm
Forum: Personal Consumer Issues
Topic: Passport Photos ?
Replies: 85
Views: 4258

Re: Passport Photos ?

Walmart and fedex stores are other options...
by TheDoorMan19
Sat Feb 09, 2019 10:21 pm
Forum: Personal Consumer Issues
Topic: a week in Italy(first time)
Replies: 53
Views: 4403

Re: a week in Italy(first time)

Please provide some background info on things you are plan to do on the trip. For instance, do you want to spend all day in a museum? I am not a museum guy, so I was happy just walking around these places. Which means a day (not even a night) in Milan was enough and a day (8 hours) in Venice was eno...
by TheDoorMan19
Wed Feb 06, 2019 7:29 pm
Forum: Personal Consumer Issues
Topic: replacing tires on AWD cars do you have to do all 4
Replies: 83
Views: 4268

Re: replacing tires on AWD cars do you have to do all 4

I asked my Acura dealer and they said no and replaced just one. I figured if they didn’t try to rob me when I was willing, it really must not be necessary. But I know nothing at all about cars.
by TheDoorMan19
Tue Jan 15, 2019 10:55 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 218
Views: 19132

Re: Are You Dumping Netflix?

If a price increase of two dollars per month makes you reconsider, it probably wasn’t worth it for you to begin with.

I likely would have never noticed the increase if it weren’t for this thread.
by TheDoorMan19
Fri Jan 11, 2019 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in private practice medical or take VA job offer?
Replies: 45
Views: 4018

Re: Stay in private practice medical or take VA job offer?

I know someone who is a physician for VA in a large city. He makes something like 200. I think his title is hospitalist, not sure exactly. He wouldn’t leave the VA if he was offered double the pay in private practice. He knows exactly what his schedule will be a long time in advance, never gets call...
by TheDoorMan19
Tue Jan 08, 2019 10:21 pm
Forum: Personal Consumer Issues
Topic: Opinions on 2019 RAV4 and/or 2019 Santa Fe
Replies: 23
Views: 2323

Re: Opinions on 2019 RAV4 and/or 2019 Santa Fe

I researched the 2019 rav4 exhaustively and the only reason I haven’t bought it is that I’m a miser. Haven’t test driven it but that’s on purpose - if I did I’m sure I would love it so much that I’d buy on the spot.
by TheDoorMan19
Tue Jan 01, 2019 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Excess Benefits Plan ???
Replies: 1
Views: 201

Re: Excess Benefits Plan ???

Sounds like you are a highly compensated employee and for the first time you are participating in your employers excess benefit plan, which is a non-qualified deferred compensation plan typically provides 401(k)-like benefits in terms of deferrals and matching contributions for the amount above the ...
by TheDoorMan19
Mon Dec 31, 2018 6:55 pm
Forum: Personal Investments
Topic: Opinions sought re: age-related investing issue
Replies: 39
Views: 2209

Re: Opinions sought re: age-related investing issue

That is what target retirement funds are you. You pick the right one based on your age and risk tolerance and it automatically rebalances for you, including getting more conservative over time. That said the 1% of fees as a big issue by itself if it gets you on the right track. Not what I would do (...
by TheDoorMan19
Tue Dec 18, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Biglaw - nonequity partner base pay
Replies: 12
Views: 2354

Re: Biglaw - nonequity partner base pay

chicagoan23 wrote:
Tue Dec 18, 2018 6:44 am
In Chicago I would say you are looking at $400k-$500k depending on your competition for the position and the desperation to get someone in.
Appreciate it.
by TheDoorMan19
Mon Dec 17, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Biglaw - nonequity partner base pay
Replies: 12
Views: 2354

Re: Biglaw - nonequity partner base pay

PEAttorney wrote:
Mon Dec 17, 2018 9:46 am

I have a similar understanding at a similar caliber biglaw firm at a 380k floor.
Thanks for the response
by TheDoorMan19
Sun Dec 16, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Biglaw - nonequity partner base pay
Replies: 12
Views: 2354

Re: Biglaw - nonequity partner base pay

When I was a non-equity partner in Big Law at a similar firm, we got paid a third of the revenue for our billings plus 10% overall on matters we brought in. So for someone without a book of biz but billing 2000 hours @ 700/hr, we got about $460k. Our base was fixed at 360k and then you'd get the di...
by TheDoorMan19
Sun Dec 16, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Biglaw - nonequity partner base pay
Replies: 12
Views: 2354

Re: Biglaw - nonequity partner base pay

To respond to above questions, my area is highly specialized and is a service group. That means (1) most firms looking for someone likely do not have anyone within the firm who does this particular kind of work at this seniority level (you are talking about one, maybe two or three people who do this...
by TheDoorMan19
Sun Dec 16, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: Favorite Purchase of 2018?
Replies: 255
Views: 21888

Re: Favorite Purchase of 2018?

Door locks for my home with keypad instead of key. So nice to not carry keys around.
by TheDoorMan19
Sun Dec 16, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Biglaw - nonequity partner base pay
Replies: 12
Views: 2354

Biglaw - nonequity partner base pay

Looking for current info on what base pay to expect/negotiate as a junior nonequity partner as a lateral into the position in a specialty area. Talking about the second tier of firms where PPP is in 1.5-2M range like Katten, Greenberg, Baker and similar firms. Again emphasizing that this would be a ...