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Devian666 posted:Yes but the bottom 105.43% make less than the average wage every year. I don't think it's percentage of population but more likely some sort of income or commission percentage.
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Mar 24, 2016 05:45
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Jeffrey of YOSPOS posted:oh wtf I didn't notice the 8% next to it, I'm thoroughly confused - how much money am I going to be making??? 
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Mar 24, 2016 05:47
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Blinkman987 posted:
canyoneer posted:Gonna bet it's an MLM, possibly one with Primerica selling crappy securities Just chiming in to agree with canyoneer. It's either Primerica, or World Financial. Both are thinly-veiled MLMs scams that sell mutual funds through people whose "certification" is questionable. Even if it ends up being from Edward Jones or Investors Group I'd be suspicious.
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Mar 24, 2016 06:33
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Anyone who says 'whole life insurance' and 'investment' in the same sentence without a big IS NOT AN in the middle should be summarily ignored, possibly tarred and feathered.
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Mar 24, 2016 07:05
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Mocking Bird posted:So why not go to an accredited law school? Or self teach? The only person that has self taught themselves anything like this is Will Hunting and he's not even a real person. Ain't nobody sitting down and cracking law books for the heck of it. https://www.reddit.com/r/personalfinance/comments/4br1uy/how_do_i_setup_for_my_irresponsible_parents/ quote:I'm 32, and I'm not well off by any means, but I make 46k and doing okay. The issues is my mother. She's 53 and been a self-employed artist her entire life and while she did okay in the past, the kind of work she did took a lot of energy that she doesn't really have anymore. So as of right now she is completely broke, living rent-free in exchange for fixing up the house she's in and gets the rest of her expenses in a combination of state assistance and my credit cards. She's trying to get started making money again, but it's tough when she has never filled out a W-4 before and has no official employment history in 35 years of working, though she does have an impressive portfolio and resume. Well that's a little pickle they've got.
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Mar 24, 2016 14:07
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Follow up comment was just as good, when someone asked if she'd married someone who had paid into social security:quote:Being the free spirit that she is, she married someone else who's never had a job, but they're divorced now.
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Mar 24, 2016 14:17
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You need 40 quarters of work to qualify for retirement, so she can still get SS as long as she gets a real job for at least the next decade. And that's if she's never worked a job that paid social security tax - which is difficult to do even when your spirit name is Moon Moon. She may have 4 or 5 quarters already accumulated from early jobs. She wouldn't get much Social Security. But maybe enough to hang her dream catcher on a lovely mobile home. Krispy Wafer fucked around with this message at 14:41 on Mar 24, 2016 |
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Mar 24, 2016 14:39
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pig slut lisa posted:This reminds me of the guy in the Republican Primary thread who kept posting intentionally terrible graphs and charts Remains my favorite chart ever. Second is probably the 3d one, with the trump towers overshadowing everything and santorum being poop colored.
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Mar 24, 2016 14:47
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Krispy Kareem posted:You need 40 quarters of work to qualify for retirement, so she can still get SS as long as she gets a real job for at least the next decade. And that's if she's never worked a job that paid social security tax - which is difficult to do even when your spirit name is Moon Moon. She may have 4 or 5 quarters already accumulated from early jobs. The thread does say she's never paid into social security, ever. So yeah she's gotta get on that yesterday.
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Mar 24, 2016 15:00
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Barry posted:The only person that has self taught themselves anything like this is Will Hunting and he's not even a real person. Ain't nobody sitting down and cracking law books for the heck of it. Abraham Lincoln would like a word with you. But yeah, if you want to learn law stuff and don't want to be a lawyer, it's cheaper to read some books rather than go to a Mickey mouse law school
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Mar 24, 2016 15:25
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How would a free spirit artist type owe the IRS $15k without some of that being self employment tax?
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Mar 24, 2016 15:27
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Can I get a link to the chart posting guy?
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Mar 24, 2016 15:29
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Droo posted:How would a free spirit artist type owe the IRS $15k without some of that being self employment tax? When you sell your art, that's income. Since she'd be self-employed, it is her responsibility to be estimating how much money she'd be earning from art sales throughout the year and in doing so, should have been making quarterly estimated tax payments to the IRS to cover said art sale(s). At the end of the year, she would square it all up by filing her tax return. Pretty sure that $15/50k was from she just hadn't been paying the quarterly estimates. Does the 40 quarters of work to qualify for Social Security not even apply to self-employed folks? Because if so, that's bupkis and incredibly punishing to entrepreneurs. She has those 40 quarters of work, she just needs to file income taxes for the past however many years in order for them to count.
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Mar 24, 2016 16:45
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daggerdragon posted:When you sell your art, that's income. Since she'd be self-employed, it is her responsibility to be estimating how much money she'd be earning from art sales throughout the year and in doing so, should have been making quarterly estimated tax payments to the IRS to cover said art sale(s). At the end of the year, she would square it all up by filing her tax return. Pretty sure that $15/50k was from she just hadn't been paying the quarterly estimates. In this situation, she would pay self employment tax on the income and most of the 15k would actually be social security/medicare tax. You need very little income to get the maximum of 4 credits per year ($1260 per credit), and social security is very regressive in the way it pays out (90% of average monthly income over 35 years up to $900 or so, 40% of AMI from 900-4000 or so). It's hard to imagine not having 5k of taxable income in at least 10 years of your lifetime, while also not qualifying for spousal benefits.
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Mar 24, 2016 16:54
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I hit that level at the age if 26. Is it GWM to stop working now and collect social security?
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Mar 24, 2016 17:51
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Hot Dog Day #91 posted:I hit that level at the age if 26. Is it GWM to stop working now and collect social security? Here are the monthly benefits you would get at full retirement age based on maxing out the income cap for X years and then never working again. 10 year benefit 1237.201524 15 year benefit 1648.959238 20 year benefit 2061.432381 25 year benefit 2248.253214 30 year benefit 2441.723214 35 year benefit 2642.946071
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Mar 24, 2016 17:55
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Droo posted:Here are the monthly benefits you would get at full retirement age based on maxing out the income cap for X years and then never working again. Where can you check your current SS accrual?
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Mar 24, 2016 18:08
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https://www.ssa.gov/ ! They have finally left the stone age.
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Mar 24, 2016 18:19
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That's pretty nifty, glad you don't need to look at a bunch of reference tables and create a spreadsheet now. Also cool that it shows your (taxed) earnings for literally every year you filed taxes. Nail Rat fucked around with this message at 18:33 on Mar 24, 2016 |
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Mar 24, 2016 18:26
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daggerdragon posted:When you sell your art, that's income. Since she'd be self-employed, it is her responsibility to be estimating how much money she'd be earning from art sales throughout the year and in doing so, should have been making quarterly estimated tax payments to the IRS to cover said art sale(s). At the end of the year, she would square it all up by filing her tax return. Pretty sure that $15/50k was from she just hadn't been paying the quarterly estimates. I wouldn't be surprised if she took some creative deductions. She had a kid, there's no way she's not doing that deduction. Probably a few others also (your aura is a dependent right?). Get caught doing that after a span of years and you'll get a nice balance with the IRS.
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Mar 24, 2016 18:37
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One nice thing about getting older is that every year I'm less likely to have my social security cut.
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Mar 24, 2016 18:38
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slap me silly posted:https://www.ssa.gov/ ! They have finally left the stone age.
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Mar 24, 2016 18:44
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slap me silly posted:https://www.ssa.gov/ ! They have finally left the stone age. Wow, thanks for the heads up. Way better than what it used to be! Nail Rat posted:That's pretty nifty, glad you don't need to look at a bunch of reference tables and create a spreadsheet now. Looking at my own report I'm wondering what I did to earn $150 back when I was 13 years old.
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Mar 24, 2016 18:55
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pig slut lisa posted:Looking at my own report I'm wondering what I did to earn $150 back when I was 13 years old. You probably blocked out the memory, seeing a therapist GWM?
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Mar 24, 2016 18:59
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Jeffrey of YOSPOS posted:It would be cool if this worked for me. I wonder what address/phone number they have... Same here...Kinda makes me worry about what mistakes they have in their system. Barry posted:The only person that has self taught themselves anything like this is Will Hunting and he's not even a real person. Ain't nobody sitting down and cracking law books for the heck of it. Man this is basically me except my brother's the one that provides the financial support because I stopped doing it a while ago.  I basically cut off my parents with the caveat that I'd be available for one extreme emergency a year, with a hard upper limit on cost and I'd be free to allocate strings as I felt necessary. My mom took me up on it once, but I think they've found my brother more pliable. In the meantime, I have a small pool of money that I have socked away for the years in which they're basically incapable of taking care of themselves, but it won't be a pretty or well funded retirement, that's for sure.
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Mar 24, 2016 22:23
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I'm just pumped I can finally order a replacement SS card, as soon as that link starts working.
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Mar 25, 2016 00:18
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Hot Dog Day #91 posted:Going to law school is bwm. Going to am unacredited law school is so bwm that it's almost inconceivable that people do it. Even on the occasions where it's not a scam it's almost certainly a poorly thought out fantasy. Be glad you didn't go. My mom just retired from a long and successful career in law, and her advice to people who ask her about law school is "If you can't get into a top-14 school, don't go at all."
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Mar 25, 2016 03:12
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Powerlurker posted:My mom just retired from a long and successful career in law, and her advice to people who ask her about law school is "If you can't get into a top-14 school, don't go at all."
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Mar 25, 2016 03:36
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Powerlurker posted:My mom just retired from a long and successful career in law, and her advice to people who ask her about law school is "If you can't get into a top-14 school, don't go at all." Probably shouldn't go even if you can get into a top-14 school, unless you get something like a full ride. Unless you really know for a fact you want to be a lawyer (and you have good knowledge of what that means), a JD is an albatross. Best not to make it an albatross that costs you 6-figs.
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Mar 25, 2016 03:39
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Unamuno posted:Unless you really know for a fact you want to be a lawyer (and you have good knowledge of what that means), a JD is an albatross. So how else can one rigorously study the law? Is there some "BA vs BSc" path available? I doubt I would ever practice law, but I really do want to study it intensively at some point in my life.
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Mar 25, 2016 03:46
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You can get paid to do a PhD and then go in to patent law.
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Mar 25, 2016 03:49
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cowofwar posted:You can get paid to do a PhD and then go in to patent law. A PhD in what? You don't mean a JD, I assume. The IP lawyers I've worked with have said that I'd do fine in that field, and it interests me, but the whole plan is structured around the fact that I don't have, and likely won't ever have, a college degree of any kind other than honorary.
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Mar 25, 2016 03:53
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Subjunctive posted:So how else can one rigorously study the law? Is there some "BA vs BSc" path available? https://law.stanford.edu/education/degrees/advanced-degree-programs/ Here you go. Or just look for JD-PhD programs but without the JD. Or the PhD.
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Mar 25, 2016 03:56
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Droo posted:It's hard to imagine not having 5k of taxable income in at least 10 years of your lifetime, while also not qualifying for spousal benefits. If they were married ten years she can qualify for half of what he would receive. I'd be impressed if he also doesn't hit 40 quarters before they reach 62. Not a winning combo! Edit : alternate plan. She should marry some 90 year old and then collect his SSA widow benefits!
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Mar 25, 2016 04:23
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PCjr sidecar posted:https://law.stanford.edu/education/degrees/advanced-degree-programs/ Many of those seem to require that you have a JD already, but I'll poke at those which don't. Thank you!
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Mar 25, 2016 04:26
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Subjunctive posted:A PhD in what? You don't mean a JD, I assume. The IP lawyers I've worked with have said that I'd do fine in that field, and it interests me, but the whole plan is structured around the fact that I don't have, and likely won't ever have, a college degree of any kind other than honorary. There are undergraduate level law classes at regular 4 year universities under political science, sociology, and criminal justice curriculums. Maybe get a bachelors before jumping into advance studies, or look into auditing courses at a real law school?
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Mar 25, 2016 04:28
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As a practicing lawyer, I just lol a lot at someone "studying the law" for shits, like It's just reading a biography of Washington or something.
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Mar 25, 2016 04:29
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Mocking Bird posted:Maybe get a bachelors before jumping into advance studies, or look into auditing courses at a real law school? I'm almost 25 years into my cybernerd career and occasionally lecture at colleges, so I'm not especially interested in doing a bachelors (except maybe classics), but auditing could be good. I think that I probably would not apply myself as well without a grade/credit on the line, but it might be a worthwhile experiment. Apologies to all for derailing this thread into subjunctive-hobby-law, but it's been super informative!
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Mar 25, 2016 04:32
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Subjunctive posted:I doubt I would ever practice law, but I really do want to study it intensively at some point in my life. I'll ship you a bunch of BarBri books for $50. They're from 2010/2011 and I've already marked up all the quizzes, but the information contained within is still probably >99% accurate. Study them intensively for a few months and you'll probably pass in whichever state it is that allows non-JD holders to take the bar exam. You're welcome in advance for saving you tens (hundreds?) of thousands of dollars and at least 2 years of potential income.
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Mar 25, 2016 04:40
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Unamuno posted:I'll ship you a bunch of BarBri books for $50. They're from 2010/2011 and I've already marked up all the quizzes, but the information contained within is still probably >99% accurate. Study them intensively for a few months and you'll probably pass in whichever state it is that allows non-JD holders to take the bar exam. You're welcome in advance for saving you tens (hundreds?) of thousands of dollars and at least 2 years of potential income. I'd totally become a hedge lawyer if it were allowed where I live 
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Mar 25, 2016 06:10
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