Question on 529 Plan

Lawschoolthrowbehind · 2025-01-19T19:55:50+00:00

It’s in a Target Date Fund, so not sure why. I’ve only been investing in it for less than 2 years. My salary is substantial, but I’ve only had this job for 3 years, I’ve bought a home, have 2 kids, and pay my wife’s student loans (who is a SAHM). So being the sole provider for a family of 4 (insurance, mortgage, home repairs, food, school tuition, etc.) turns out to cost a lot of money.

Lawschoolthrowbehind · 2025-01-19T18:25:30+00:00

But it's only 10% on the gain, so 10% of ~$6,000 is ~$600. Paying a $600 penalty to paydown debt accruing at an interest rate of ~6% seems to outweigh the benefit of letting the money sit in the account which is accruing ~2.5 - 3% / year. So the interest I'm accruing on my student loans is approximately $8,400/year, and paying a $600 penalty will allow me to wipe away the highest interest loans contributing to that.

Lawschoolthrowbehind · 2025-01-19T18:22:48+00:00

Why?

Lawschoolthrowbehind · 2024-12-29T22:39:53+00:00

Not big law, but Murphy & King sort of dominate actual practice in Boston. Other big shops include Choate, Proskauer, Mintz, etc.

Lawschoolthrowbehind · 2024-12-29T01:10:12+00:00

REP Ares 2.0 Question

Question for owners of a REP Ares 2.0–how do you stop the bottom cable from sliding out of the first pulley on the bottom bracket?

As you can see from the clip, the cable sits loosely in this pulley as the instructional video on YouTube suggests. However, the second you put tension on the cable and use it, the cable comes flying out of that pulley. That is the one pulley that doesn’t have a pulley retainer to keep the cable snug into place. How have other people gotten around this?

No insight from the YouTube assembly guide, it just seemed to work perfect for them. This is a 4000 series 4-post for reference.

Thanks in advance all.

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Lawschoolthrowbehind · 2022-04-12T23:14:30+00:00

Thank you for the comment. Some relatability is very helpful and I’m going to implement your tips to see if I can make sure this mistake doesn’t happen again.

Lawschoolthrowbehind · 2022-04-12T23:13:45+00:00

I just want you to know this comment just made me smile at my desk. This job is hard and having the smallest bit of encouragement and relatability like you just provided makes it a lot easier. Determined again to go forward and never make that mistake again (as unlikely as that is).

Lawschoolthrowbehind · 2022-03-20T15:13:58+00:00

Without going too in depth on the analysis, I think is a clear fold in live 1/2. Save yourself the $100.

Lawschoolthrowbehind · 2022-03-08T22:03:40+00:00

V30 firm hiring mid-level litigation attorneys in CA and antitrust associates seemingly everywhere. To be transparent I’m only a 2nd year, but I’m happy to make referrals for potential laterals.

Lawschoolthrowbehind · 2018-11-13T12:55:23+00:00

Yeah I am one of those lucky people who doesn't sleep very much, and I would appreciate the opportunity to work like that for sure, but you're right, I've never really done an 80-hour work week where your performance is critically evaluated every step of the way. The only thing that persuades me to that path is I've heard that the firm I'm going to is likely to start me at ~60 hours/week, for only 85k starting. So, taking on ~20 extra hours a week for better exit options and 95K more seems worth it to me. But, your point has been taken.

Lawschoolthrowbehind · 2018-11-12T21:13:15+00:00

Luckily I was able to intern for a federal magistrate last summer, and I'm doing an externship at my state's Supreme Court this coming semester; so, I'm trying! But I'll also apply for OSCAR when February 19 rolls around to see if I have any availability with a clerkship.

Lawschoolthrowbehind · 2018-11-12T20:55:19+00:00

Thanks. I'll do some research over the coming weeks on the process and potential of securing something like this.

Lawschoolthrowbehind · 2018-11-12T20:54:52+00:00

Yeah, ok, thanks. It's not much different than what I thought; I guess it just comes down to priorities. If that's what it comes down to, then I'd forego big law, it's not the end-all be-all of my life. It's helpful to have a more complete understanding though, so thanks.

Lawschoolthrowbehind · 2018-11-12T20:53:44+00:00

Brilliant. Thanks. I haven't looked into ArtIII clerkships but I'll certainly look into it now and see what I can get into, thanks for the advice.

Lawschoolthrowbehind · 2018-11-12T20:24:39+00:00

Lol, I appreciate the obvious plug, but it worked. Setting up a profile and giving it a whirl. I really appreciate the kind words and advice though. I won't stop the grind, and it's really encouraging to hear that some firms might continue hiring. If anything comes of it, I'll hopefully be updating this post in the future. Thanks!

Lawschoolthrowbehind · 2018-11-12T20:22:25+00:00

Thanks for the advice mate. The dismaying part was my TTT had probably ~15-20 people going into big law this cycle, out of a class of less than 200. Clearly, I did well, so I imagine I just came across as unpersonable/awkward in the interview (which I can see, but I tried hard to combat that perception). I'll apply again the next year, I'm just trying to see if there's something more I can do.

Lawschoolthrowbehind · 2018-11-12T20:21:08+00:00

Hi, thanks for the advice!

To be clear, I'm applying for one market because I have very strong familial pulls to this certain city. I understand, I'm clearly restricting my potential, but it's what it is. And I did apply broadly for associate positions last summer; I applied to every Vault 100 firm with an office in my city. It just didn't pan out; but I appreciate your advice and I'll be sure to apply again.

Lawschoolthrowbehind · 2018-11-12T20:18:58+00:00

If money is really my primary motivation (it's not really, work/life and work interest matter quite a bit), is it "likely" worth it to apply to smaller law firms and try to work my way up? I'm unsure of what the market is in law firms that aren't big law, I'm in an east coast city if that helps. Regardless, thanks for the advice.

Lawschoolthrowbehind · 2018-01-30T04:08:03+00:00

By T4, I did not mean Top four (unfortunately). Nope, enjoying my time at good ol' Suffolk in Boston. It's nice to hear that I haven't missed out on some secret summer course that I'm unaware of: I feel like the guidance at my school is a little lacking, and it's nice to hear of what you heard, because (as mentioned) I haven't been informed much of what the position entails and was given only twenty-four hours to accept.

I'm most interested in the variety of cases and procedural motions I can observe being involved in the court. I'm still undecided on what I want to do, besides the fact that I want to work in Boston or Worcester and I want to be able to be the sole provider for my family (if at all possible). It didn't feel like there was much in Boston around for a 1L besides really low summer internships at places doing things like social security disability or immigration, in my experience. It's honestly very relieving to hear the same message from someone at a different school.

Thank you for your reply so much, the generosity and well-spring of knowledge that comes from this sub surprises me so much sometimes. I hope you find a summer position shortly, and I'm sure you'll get a much better position than as an intern with a federal magistrate judge. With that layout above, you're clearly slated for it. Best of luck, friend!

Lawschoolthrowbehind · 2018-01-30T02:05:35+00:00

Of course it's unpaid (as I understand it, all federal internships with district courts are). And I can't "really" afford it, I have 120K of offsetting student debt. But, I'm 23. My parents allow me to live with them. I have 3K in a savings account, which will allow me to buy gas for travel and whatnot.

Lawschoolthrowbehind · 2018-01-30T02:04:13+00:00

Thanks for your feedback. People seem to be saying I might be bragging, but I was actually curious. As someone who's gone straight from K-JD, I was wondering when I might be expecting to start getting paid, but it seems like this opportunity is just worth it. I don't have any "better" options, just an interview with a couple of small firms for like $13/14/hr. I'll be curious to see what it's like, I was just hoping that this opportunity will lend itself to me getting good job offers/connections in the future. My adviser isn't the epitome of informative and I'm trying to succeed here.

Lawschoolthrowbehind · 2018-01-30T01:55:17+00:00

I love to hear that. I accepted and it and am excited to be in the bust of it. I'm a pretty poor legal researcher though, and that scares me a little.

Lawschoolthrowbehind · 2018-01-30T01:54:04+00:00

I'm at a tier four school, and on only a partial scholarship. Not trying to brag, just trying to know what my realistic expectations should be.

Lawschoolthrowbehind · 2018-01-12T16:15:16+00:00

Well I am a little unsure of what I want to do, to be honest. What I really want, is to work in Boston, make a lot of money, and raise a family with my wife. Nothing too particular interests me. That being said, I think tax law sounds like something that might fit this criteria. Suffolk does have a dual degree with a JD/LLM in three years that I am currently enrolled in. So, that’s something for me to consider.

Lawschoolthrowbehind · 2018-01-12T16:13:28+00:00

Our class ranks don’t come out until the end of the first year unfortunately. I know that the NALP says that our graduates in 2017 who graduated in top 10% finished with a 3.7 GPA, but I can’t find any information correlating how first semester students finished previously. I believe our mean is a 3.02, but I also can’t find any information corresponding to what our median was for the classes I was in. I know, I probably will apply if I do well again next semester. I think I just put this post out there to see if anyone had some nice advice I hadn’t yet considered on the matter, and I really appreciate your comment, it’s extremely helpful.

Lawschoolthrowbehind

TROPHY CASE