job offer $62,500 plus bonus in small town

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take it?

take it
95
90%
hold out
10
10%
 
Total votes: 105

Anonymous User
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job offer $62,500 plus bonus in small town

Postby Anonymous User » Thu Aug 12, 2010 9:57 am

small coastal town with very low cost of living (can buy 2000 square foot house in safe neighborhood for around $100k) but high quality of life (next to beach, lots of greenspace, etc). roughly 20 lawyers in firm; most associates make partner after 7 years. billable expectation is 1600-1800. t14 3L, top 1/4, hosed @ OCI. take it or hold out?

270910
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Re: job offer $62,500 plus bonus in small town

Postby 270910 » Thu Aug 12, 2010 9:58 am

naw dog f jobs i mean seriously fuck who would want one of those?

helfer snooterbagon
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Re: job offer $62,500 plus bonus in small town

Postby helfer snooterbagon » Thu Aug 12, 2010 9:59 am

What is your loan situation?

Anonymous User
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Re: job offer $62,500 plus bonus in small town

Postby Anonymous User » Thu Aug 12, 2010 10:10 am

helfer snooterbagon wrote:What is your loan situation?


have about $200k in student loans, all from law school. I did the IBR calculations, and my payment under that plan would be about $593/month.

CanadianWolf
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Re: job offer $62,500 plus bonus in small town

Postby CanadianWolf » Thu Aug 12, 2010 10:13 am

After reading the first line of your post "small coastal town", I wonder whether the firm is going to pay you the $62,500 or whether you have to pay them since many toil away 35 or 40 years in order to be able to live near the ocean.

Anonymous User
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Re: job offer $62,500 plus bonus in small town

Postby Anonymous User » Thu Aug 12, 2010 10:17 am

hold out? FOR WHAT???

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jayn3
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Re: job offer $62,500 plus bonus in small town

Postby jayn3 » Thu Aug 12, 2010 10:18 am

if you don't want it, i'll take it.

seriously, is there a reason you would hold out? what is the firm culture? do they work in an area you're interested in?

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dood
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Re: job offer $62,500 plus bonus in small town

Postby dood » Thu Aug 12, 2010 10:18 am

...
Last edited by dood on Sun Aug 29, 2010 6:03 pm, edited 1 time in total.

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Thomas Jefferson
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Re: job offer $62,500 plus bonus in small town

Postby Thomas Jefferson » Thu Aug 12, 2010 10:24 am

It makes me happy that the poll is unanimous.

CanadianWolf
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Re: job offer $62,500 plus bonus in small town

Postby CanadianWolf » Thu Aug 12, 2010 10:24 am

Yeah, but I'm still keeping my vote a secret.

Anonymous User
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Re: job offer $62,500 plus bonus in small town

Postby Anonymous User » Thu Aug 12, 2010 10:35 am

ok, to the 1 person who voted hold out, explain your reasoning.

CyLaw
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Re: job offer $62,500 plus bonus in small town

Postby CyLaw » Thu Aug 12, 2010 10:38 am

Anonymous User wrote:
helfer snooterbagon wrote:What is your loan situation?


have about $200k in student loans, all from law school. I did the IBR calculations, and my payment under that plan would be about $593/month.


But for how many years? Don't forget that IBR just pushes the reminder back onto the loan unless you get a loan forgiveness for public interest.

Anonymous User
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Re: job offer $62,500 plus bonus in small town

Postby Anonymous User » Thu Aug 12, 2010 10:39 am

jayn3 wrote:if you don't want it, i'll take it.

seriously, is there a reason you would hold out? what is the firm culture? do they work in an area you're interested in?


i'm definitely leaning toward taking it. just thought i'd see what the TLS public opinion is first to make sure I don't accept purely out of emotional response. The firm culture seemed very friendly/easy-going when I visited. They do a wide variety of practice areas, from personal injury to antitrust to securities to white collar crim defense to workers comp, and even some maritime. I'd basically be doing research for all of the above, assisting the partners in whatever they need done.

Anonymous User
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Re: job offer $62,500 plus bonus in small town

Postby Anonymous User » Thu Aug 12, 2010 10:41 am

CyLaw wrote:
Anonymous User wrote:
helfer snooterbagon wrote:What is your loan situation?


have about $200k in student loans, all from law school. I did the IBR calculations, and my payment under that plan would be about $593/month.


But for how many years? Don't forget that IBR just pushes the reminder back onto the loan unless you get a loan forgiveness for public interest.


for 25 years unless my salary increases such that i can pay it off sooner. after year 25 it's forgiven, but the forgiveness is taxable income. i'd try to save in government bonds for 25 years to pay off the taxes when they became due.

CyLaw
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Re: job offer $62,500 plus bonus in small town

Postby CyLaw » Thu Aug 12, 2010 10:44 am

Anonymous User wrote:
CyLaw wrote:
Anonymous User wrote:
helfer snooterbagon wrote:What is your loan situation?


have about $200k in student loans, all from law school. I did the IBR calculations, and my payment under that plan would be about $593/month.


But for how many years? Don't forget that IBR just pushes the reminder back onto the loan unless you get a loan forgiveness for public interest.


for 25 years unless my salary increases such that i can pay it off sooner. after year 25 it's forgiven, but the forgiveness is taxable income. i'd try to save in government bonds for 25 years to pay off the taxes when they became due.


Good. Just wanted to make sure you were aware of the extended payments and the ballon tax payment at the end. Job sounds good, and like others have said, if the choice is between it and being unemployed, then the job should win.

Bumi
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Re: job offer $62,500 plus bonus in small town

Postby Bumi » Thu Aug 12, 2010 11:14 am

I vote live the dream.

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Bosque
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Re: job offer $62,500 plus bonus in small town

Postby Bosque » Thu Aug 12, 2010 12:20 pm

Sounds like a pretty sweet gig. I say take it.

Unless this "small coastal town" is in Louisiana. Then I might reconsider. Screw the Napoleonic code.

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romothesavior
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Re: job offer $62,500 plus bonus in small town

Postby romothesavior » Thu Aug 12, 2010 12:22 pm

Again, any reason you might hold out? What is holding you back from taking it?

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JCougar
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Re: job offer $62,500 plus bonus in small town

Postby JCougar » Thu Aug 12, 2010 12:26 pm

How far is the town from your family/friends? Do you have a significant other? What does he/she think about it. Is there enough to do there to keep you happy for a few years?

I say this because I moved to a smaller city close to a beach for my last job, and I hated the culture, I knew nobody there, the job ended up being a joke, and there's a reason I quit to go to law school. Yes, it was easy to get my friends to come visit living near a beach, but only so many friends can visit if they have to fly out to see you. It can be really hard to meet other single young people in a lot of small towns. Most of them are married and have kids by the time they are 20, and the ones that aren't moved to a big city because they were bored as hell and couldn't meet anyone.
Last edited by JCougar on Thu Aug 12, 2010 12:28 pm, edited 1 time in total.

CanadianWolf
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Re: job offer $62,500 plus bonus in small town

Postby CanadianWolf » Thu Aug 12, 2010 12:28 pm

Current vote count:

40 correct & 2 incorrect.

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trialjunky
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Re: job offer $62,500 plus bonus in small town

Postby trialjunky » Thu Aug 12, 2010 12:29 pm

Thomas Jefferson wrote:It makes me happy that the poll is unanimous.


CanadianWolf wrote:Yeah, but I'm still keeping my vote a secret.



Lmao, pure gold!

270910
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Re: job offer $62,500 plus bonus in small town

Postby 270910 » Thu Aug 12, 2010 12:33 pm

I would request an admin or mod change the poll to "OP: Fuckstick or biggest fuckstick?"

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Blindmelon
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Re: job offer $62,500 plus bonus in small town

Postby Blindmelon » Thu Aug 12, 2010 2:54 pm

disco_barred wrote:I would request an admin or mod change the poll to "OP: Fuckstick or biggest fuckstick?"


Good pay + good QOL + good area + having a job in this horrible economy <<< PRESTIGE.

You really should just ask yourself whether or not you were born and bred for success.

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Lawl Shcool
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Re: job offer $62,500 plus bonus in small town

Postby Lawl Shcool » Thu Aug 12, 2010 3:01 pm

FYI for the tax balloon at the end of IBR mentioned above, I checked with a local attorney who told me it was absolutely not treated as income for tax purposes when they forgive the debt if you do the public service 10 year plan. I did not ask about the private option so that may be different.

CyLaw
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Re: job offer $62,500 plus bonus in small town

Postby CyLaw » Thu Aug 12, 2010 3:03 pm

JPU wrote:FYI for the tax balloon at the end of IBR mentioned above, I checked with a local attorney who told me it was absolutely not treated as income for tax purposes when they forgive the debt if you do the public service 10 year plan. I did not ask about the private option so that may be different.


True for the 10 year public service loan forgiveness. The 25 year private loan forgiveness is currently taxable though.

http://www.finaid.org/loans/forgivenesstaxability.phtml




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