Fellow Partners, am planning for next year and wanted data points without making this is a bragging contest. Sticking to %. What % of your gross income do you save/invest each year?

My savings % has come down each year and i'm wondering if a lifestyle check/tax rethink is needed (or if I can splurge a bit more!)

Gross: 100%
Taxes (Fed, State, Social, Medicare): 44%
Expenses (incl mortgage): 25%
Savings: 31% (used to be closer to 40% earlier)

Is it a good idea to trade indexes like VTI and SPY short term? My logic is in the long term indexes will go up so even if I buy high, I can just hold for the long term.

Lessons that I learned in past weeks: 1) be careful with out of money options as they don’t have intrinsic value 2) don’t make rash decision based on blindly following others 3) cut loss and ego

Welcome to The Financial Life! I am excited to meet a variety of individuals, families and businesses to talk MOnEY! As you know, growing money is one thing but keeping it is a whole different game!

Pro tip: live close to poorer people to feel rich. The feelings of wealth are extremely subjective and is mainly based on comparison

Parents are deciding between moving to WVirginia vs Virginia at retirement to be closer to us based in fairfax (ideally be at 1 hour driving distance). They currently in the mid west but WVirginia appeals to them because of low taxes, low cost of living. We are also poc so appreciate some diversity.

What are some areas you would recommend both in Va and WV? What else should they consider prior to house hunting? Dad likes to garden/farm as well so looking for homes with large backyards. Tia!

Hey 🐠,

I am approaching the Roth IRA income limit, and have a pre-existing Roth IRA that was not converted from a traditional account. Is there a way for me to take advantage of the backdoor Roth loophole while funneling the money into my current Roth? Or, do I have to set up a new account, convert it to Roth, and make all future contributions into that account? I’ve already asked my broker, and they have not been the least bit helpful. Thanks!

Looking to setup estate planning and trusts for children. Any good recommendations on who to work with?

Lebron James has extended his contract for $97.1 million including two mandatory years and an optional third one. Why does someone need so much money in their life?

For a 2-year associate now tasked with senior-like roles such as reviewing and training, does anyone have advice on how to review individual hnw tax returns?

New year res is to be involved/learn about investing. Starting point is to find somewhere to park my efund/ savings for house somewhere short term....CD? Mutual Fund? Something else? Working with ~22k

Does anyone have any book recommendations for information on buying a house?

Hi Fishes,

My wife is getting transferred to California from India and she is offered 143k.

How much she can get after tax deduction and all? How much she can save after all the expenses?

She is insisting that I travel with her and get the job in the US. I'm a software developer having 4.1 YOE. How much can I get in the US? Is it worth traveling with her?

Any information would be helpful, Thanks in advance...

Why do you think ETH will flip BTC
What do you think it can become store of value too in the future
Serious answer please

Anybody here make significant weekly/monthly passive income off Covered Calls and/or selling puts? Looking for success/failure stories for those who have tried this!

When settling with a title company plaintiff on a subrogation claim, have any foreclosure defense counsel received settlements over and above policy limits? What is your typical settlement range? How has settling on your subrogation claim negatively affected your counterclaims against the mortgage lender if at all?

Live in a smallish southern city and my roommate is going to be leaving town before the lease is up. Rather than her getting subleasers, I’m going to take the rent over for the last two months.

I’d like to stay in the same apartment complex but can’t sustainably pay (about) the same amount long term. How much do we think I could try to negotiate rent down? Rent right now would be between $1200-1300 monthly. Start them at $900 and see how it goes? Or lower/higher?

BTC versus ETH as speculative investments and why? Looking to pile in about 20k

“Summary dissolution”- divorce.
Does “property” means real-estate or bank account/stocks, etc as well.

Context- “property” less than $47k qualifies for dissolution, if not you have to go long-form process

Can anyone confirm my understanding of a partial Section 121 Exclusion? I bought a house 8 months ago and I am unexpectedly relocating to another city for work. The house is worth about $50k more than when I bought it. My understanding is my unexpected relocation is considered a hardship which qualifies me for a prorated Section 121 exclusion. 8 months out of the required 24 (8/24) = 33%. 33% of $250k = $82.5k excludable gains. This means I should end up without a tax liability, right?

Which credit card do you think is the best for ME consultants?

I saw that Orrick had an Attorney's of Color retreat in New York. Does anyone work there who can speak on how it was? If not, is there a retreat/coalition/group for Attorney's of Color at your firm?

What’s the deal with GSW?

Just found out I will be taking two depositions in the near future. These are not key witnesses but I am still nervous. I’ve only been licensed since October of last year and still feel like I have no clue what I’m doing half the time. Any deposition tips?

Moving from the US to Singapore soon. On a 90k salary, how much should I budget for rent? Ideally I want to live in neighborhoods close to central locations such as Tanjong Pagar, but I’m not sure if it’s possible.

What is Bain & Company comp at Consultant (post-MBA) rank?

Best consulting exits for work life balance in SEA?

Did you buy all of the textbooks for nursing school or did you skip a bunch?

I need to perform well after months of bad performance for 6 months to not get fired I'm scared but want to do it impossible?

What's a Restaurant General Manager salary in South New Jersey?

Anyone has IBS here? Lately I have been having a lot of symptoms of IBS and even if I’m not fully constipated, I think I am to a certain extent. I had excruciating lower abdominal pain this afternoon and it was almost unbearable. Also, my period is approaching so I think my symptoms got worse. Anyone has any tips?

Hi All, currently considering a role in the Health and Public service team. Just wanted to know the expectation for working in the London office? This would be my base, but would require a lengthy commute for me.

I am looking for a tool to help with determining how much money I will need monthly when I retire. Any suggestions?

Kellogg results thread here!

For peeps in Brazil, what is all this UFO stuff that’s making the rounds?

Can we apply for IJP when we are in notice period?

Birthday dinner in Philly with a small group of girls?

Is anybody here a notary? And how much are you making from that? Is it a potential side-hustle?