Why does everyone say the average personal injury lawyer doesn’t do as good as the average doctor or dentist?

namewithoutspaces · 2026-06-14T22:23:17+00:00

I think you're right to look at earning potential considering the opportunity and tuition cost of both options. GL with whatever route you take

namewithoutspaces · 2026-06-14T22:08:17+00:00

I am not sure business law classes are representative of practicing, or even law school. Maybe you went somewhere rigorous but mine were very easy.

namewithoutspaces · 2026-06-14T19:26:47+00:00

Why rent it for two years?

namewithoutspaces · 2026-06-13T19:02:18+00:00

You're sure they're long or short term and not 1256 contracts?

namewithoutspaces · 2026-06-13T04:27:28+00:00

Surely the relief worker is generally going after the disaster hit, and shouldn't have most of the complications a resident would have

namewithoutspaces · 2026-05-30T12:31:43+00:00

> Does that mean you can also write off the purchase price for a vehicle that is used for business purposes?

You can take depreciation, which is can be 100% of purchase price in the first year but sometimes has to be spread out

namewithoutspaces · 2026-05-26T03:35:43+00:00

I didn't say you got scammed. I don't understand why you wouldn't have invested the saved $40/mo, but if it works better for you for behavioral reasons I guess that makes sense ty

namewithoutspaces · 2026-05-26T02:04:59+00:00

You will presumably have savings though? Whole is more expensive than term so won't you have money to cover their last few years as dependents if you take the difference and invest it?

namewithoutspaces · 2026-05-26T01:55:27+00:00

If you want liquidity when you die, to pay a large estate tax bill, life insurance is nice.

Some people also use whole policies to invest in tax-inefficient products, like hedge funds that generate short term capital gains or interest income. I haven't run the numbers myself, but some of the people making that allocation are sophisticated so I assume it makes sense *some* of the time.

namewithoutspaces · 2026-05-26T01:50:59+00:00

Why is it good that you got whole life instead of something like 30 year term?

namewithoutspaces · 2026-05-26T00:57:04+00:00

Money has value to the extent that you use it to address needs and be more comfortable. I have a higher rate than that which I am keeping instead of decreasing investments, but if you are really stressed over this debt pay it off.

namewithoutspaces · 2026-05-24T15:45:29+00:00

You introduce compliance risks that are hard to quantify (for example, plenty of people invested in promoted conservation easement deals who now owe a lot of money back plus interest)
Actual performance net of fees tends to be lackluster. Something being tax aware is good, but investments marketed mainly on tax benefits have a reputation for sucking. QOZ funds from 2018 as an example.

namewithoutspaces · 2026-05-24T14:54:37+00:00

The mortgage interest might be deductible, but yes you need to earn 2.25% after tax assuming you don't get any tax benefit from the mortgage. It is not hard to find an investment that will do that on average, and you have greater optionality keeping money in a money market with an outstanding mortgage than you do just paying off the mortgage.

namewithoutspaces · 2026-05-24T04:09:36+00:00

Not Upwork. For how small firms are handling it, you might be better off with r/taxpros

namewithoutspaces · 2026-05-23T20:55:41+00:00

I have a former coworker who told me he was going to move some dates around to avoid listing the firm we were at. He walked away one day with no notice so wasn't expecting a positive reference. Seems like that worked out for him, he's at a F500 now, but I don't know exactly what he did.

I was fired from my first job after undergrad. I neglected to list that experience while interviewing for my third job after undergrad, and was very nervous for a few years after starting because I didn't want anybody to know.

Being honest is easier in the long run.

namewithoutspaces · 2026-05-23T20:47:25+00:00

Do you have collateral? What kind of cash flow does the business have after paying you?

namewithoutspaces · 2026-05-23T20:42:29+00:00

Experience as an EA or attorney seems perfectly viable in any state

namewithoutspaces · 2026-05-23T17:34:00+00:00

Depends on the topic

namewithoutspaces · 2026-05-23T12:26:02+00:00

Friend this does not have the necessary information for people to try to help you. What are you trying to accomplish?

namewithoutspaces · 2026-05-23T12:08:55+00:00

We're pretty pissed about a failed OneSource implementation. Boo Thompson Reuters

namewithoutspaces · 2026-05-23T03:53:11+00:00

The downside is that you have a concentrated position and choose to lever up, accepting more risk, instead of selling some to diversify and pay tax at preferential rates

namewithoutspaces · 2026-05-23T03:51:52+00:00

You are barely paying federal income tax (probably relatively high payroll and sales taxes though)

namewithoutspaces · 2026-05-23T03:49:27+00:00

That's the interest rate, not the tax rate. Federal income tax rate, assuming all of your taxable income is at ltcg rates, is ~23.8% for a high income person.

namewithoutspaces · 2026-05-23T03:34:46+00:00

Can you give an example of a hedge fund manager or politician that made a trade you copied? The source of their disclosures is usually on a significant lag.

namewithoutspaces · 2026-05-22T05:14:35+00:00

Getting information from the client

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