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Re: Look out, the Supremes are out to get ya!!!!
Old 06-16-2004, 04:38 AM   #21
 
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Re: Look out, the Supremes are out to get ya!!!!

Hello BigMoneyJim.....................you got it right. The last thing I wanted was for Martha to go away. I was going to explain (my post) but then I thought maybe Martha was making
a subtle joke.

John Galt
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Re: Look out, the Supremes are out to get ya!!!!
Old 06-16-2004, 05:38 AM   #22
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Re: Look out, the Supremes are out to get ya!!!!

The weird thing for me on this particular thread is that I am anxiously awaiting early retirement and I have really tired of practicing law for a living. Next year I will be part time and then will likely phase out totally a year or so later. However, it is fun to give my imput on the legal related questions and doesn't feel like work at all. I think I really like "the law" but don't like to work. If that makes any sense.

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Re: Look out, the Supremes are out to get ya!!!!
Old 06-16-2004, 05:48 AM   #23
 
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Re: Look out, the Supremes are out to get ya!!!!

Hi Martha. Makes perfect sense to me (being tired of
practicing law). Two (2) of my best friends used to
be my attorneys (having lunch with one of them today).
They both quit practicing law in mid career. One guy
is quite wealthy and he settled in to managing his family's money. The other owns 3 smaller businesses
(2 are manufacturing) and seems quite happy with it.
Neither of these guys are candidates for early
retirement. We have discussed it and they see no
reason to ER as they are enjoying what they do now.
I recall one of them said (when he quit),
"Whither I goest I know not!" A third friend
(old fishing buddy) didn't quit law, but switched from
his own practice to corporate law for a big company. I can't
be sure, but I suspect he basically sat on his ass until
he retired about 3-4 years ago.

John Galt
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Re: Look out, the Supremes are out to get ya!!!!
Old 06-16-2004, 12:34 PM   #24
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Re: Look out, the Supremes are out to get ya!!!!

Quote:
However, it is fun to give my imput on the legal related questions and doesn't feel like work at all. I think I really like "the law" but don't like to work. If that makes any sense.
It makes perfect sense to me. It reminds me a bit of a paralegal running the site http://www.groklaw.net/ . As far as I know she isn't getting paid for that site except for paying subscribers (who pay just to encourage her to keep running it). Her topic of interest is free software licensing, software patents and other IP topics affecting the free software community. Many of the articles of late stray into tangents about parties involved in IP suits. What's really intriguing aside from her paralegal analysis is the information she gets from readers of the site; fans of the site will attend court sessions and give reports before the court documents are released.

A bit off topic, but the concept of researching legal issues of interest to you and having a helpful and appreciative audience might give you some ideas for retirement hobbies.
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Re: Look out, the Supremes are out to get ya!!!!
Old 06-16-2004, 02:21 PM   #25
 
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Re: Look out, the Supremes are out to get ya!!!!

Man, BigMoneyJim, that sounds interesting. I could write
a book (or maybe several) about my experiences with
the legal system, etc. I suppose being naturally
confrontational has helped me pile up my wealth of
stories, anecdotes, and tangled situations.

John Galt
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Re: Look out, the Supremes are out to get ya!!!!
Old 06-16-2004, 02:42 PM   #26
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Re: Look out, the Supremes are out to get ya!!!!

You and me both Big John.
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Re: Look out, the Supremes are out to get ya!!!!
Old 06-17-2004, 01:57 PM   #27
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Re: Look out, the Supremes are out to get ya!!!!

Quote:
However, it is fun to give my imput on the legal related questions and doesn't feel like work at all. *I think I really like "the law" but don't like to work. *If that makes any sense.

Martha
Martha,
I think you're on to something important. You might like to know my theory on work etc -- I firmly believe that for a lot of us, work in the right doses makes a huge amount of sense during "ER".whether you need the money or not. Its "Overwork" which is the killer. I'll bet there are some great ways for you to do a bit of law in ER, maybe even making a little money, but using your brain, feeling needed and engaged, and yet being able to put the whole thing down when you like and go for a long vacation or a long walk or to an art class or whatever.

I know some on the board are worried that any work would suck them back into the old rat race, but for me and a lot of others, a little work can be a great thing.

end of soapbox!

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Re: Look out, the Supremes are out to get ya!!!!
Old 06-17-2004, 04:51 PM   #28
 
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Re: Look out, the Supremes are out to get ya!!!!

ESRbob is right! I am very wary of any sort of work
as a recovering workaholic. I find it very difficult to "dabble". Before I know it I am "balls to the wall"
and back in the "soup". Anyway, like an alcoholic,
I can't just have one drink.

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Re: Look out, the Supremes are out to get ya!!!!
Old 12-08-2004, 11:36 AM   #29
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Re: Look out, the Supremes are out to get ya!!!!

Quote:
The U.S. Supreme Court on June 7 agreed to decide whether a married couple's individual retirement accounts (IRAs) are protected from bankruptcy proceedings.

At issue in Rousey v. Jacoway (No. 03-1407) is an exemption in the Bankruptcy Code for "stock bonus, pension, profit sharing, annuity or similar plans or contracts," to the extent that the assets are reasonably necessary for the debtor's support. Whether an IRA is a plan similar to a pension, profit sharing or annuity plan has been debated by federal appeals courts. According to the 8th Circuit appeals court in Rousey, IRAs that are rolled over from ERISA-qualified plans into new IRAs are less like exempt retirement plans and more like non-exempt bank savings accounts with favorable tax treatment. Consequently, they are not exempt from creditors in bankruptcy.

A ruling in the case -- which may affect up to the one-third of U.S. households that have traditional IRAs -- is expected in the fall term.

Whenever the supremes start to mess with my IRA $, I get real nervous. :-/
To the extent anyone cares, arguments were heard in the Rousey case on December 1 and a decision is expected next summer. To read all about it: http://www.boston.com/news/nation/wa...nkruptcy_case/
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Heah come de Judge... uh, hello, Judge?
Old 12-08-2004, 01:11 PM   #30
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... and a decision is expected next summer. *
I'm curious, Martha. If I'd told my bosses that I'd take their question under consideration and get back to them in about six months, I wouldn't have had any more bosses. (Come to think of it, that would explain a lot!)

What exactly goes on during six months that can't possibly be accelerated into an afternoon's bull session over a couple frosty beverages? In the case of one or two of the more "senior" justices, isn't six months a fairly significant longevity risk of not being able to participate in the decision?
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Re: Heah come de Judge... uh, hello, Judge?
Old 12-09-2004, 09:35 AM   #31
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Re: Heah come de Judge... uh, hello, Judge?

Quote:
I'm curious, Martha. If I'd told my bosses that I'd take their question under consideration and get back to them in about six months, I wouldn't have had any more bosses. (Come to think of it, that would explain a lot!)

What exactly goes on during six months that can't possibly be accelerated into an afternoon's bull session over a couple frosty beverages? In the case of one or two of the more "senior" justices, isn't six months a fairly significant longevity risk of not being able to participate in the decision?
I don't understand either, especially since they all come well prepared to the oral arguments. It may have something to do with the fact they are appointed for life. :D
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