Hello world! I am no longer suspended

Discussion in 'Pharmacy' started by BMBiology, Sep 21, 2014.

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  1. BMBiology

    BMBiology temporarily banned~! 10+ Year Member

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    So yeah, my account is no longer suspended. After not posting for a while, I realized how naive and ignorant some of you are:

    (1) People who think the saturation will not affect them because they will be in management. Middle management is always a big target because of their high salary and benefits but as the salary gap between middle management and new graduates gets bigger, they become a bigger target. That is just a fact. Walgreens is planning to cut $1 billion from their budget. Lets see where they will be cutting.

    (2) People who think the government will forgive their student loans after 20 or 25 years if they get on PAYE/IBR. Ever heard about the "tax bomb"? Google it. Yes, borrow to the max my friends. Med students know better:

    http://forums.studentdoctor.net/threads/ibr-is-a-trap.1097946/

    (3) People who are working as a pharmacist but because they didn't get an internship, they have no idea what they are doing. You know who you are! = /

    (4) There is only one BMB!

    Enjoy your Sunday!
     
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  3. 297point1

    297point1 Summer is already half over? 7+ Year Member

    So much for keeping a low profile...
     
    jafx and pharm B like this.
  4. trailerpark

    trailerpark 2+ Year Member

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    I had an internship, but still feel like I'm number 3.
     
  5. xiphoid2010

    xiphoid2010 7+ Year Member

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    Guess he got his old account back. Oh joy.
     
  6. BF7

    BF7 2+ Year Member

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    DFW
  7. HouTX

    HouTX 5+ Year Member

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    rather have BMB than those damn #3s
     
  8. pharm B

    pharm B Phar Noir Moderator Emeritus 7+ Year Member

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    This is why I'm eyeing PSLF.

    https://studentaid.ed.gov/sites/default/files/public-service-loan-forgiveness-common-questions.pdf
    Q3 Are loan amounts forgiven under PSLF considered taxable by the IRS?
    A3 No. According to the Internal Revenue Service (IRS), student loan amounts forgiven under PSLF are
    not considered income for tax purposes. For more information, you should check with the IRS or your
    tax advisor.

    Of course, it might change...
     
  9. knight on horse

    knight on horse 2+ Year Member

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    Welcome back
     
  10. fauxden

    fauxden 5+ Year Member

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    didn't know you were suspended. should have realized. there are only like 5 people that comment on this board. anyway, I've always found your posts enlightening.
     
  11. rxglasshalffull

    rxglasshalffull 2+ Year Member

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    i was wondering where you went. i missed your posts! i like that you keep it real. the pre pharms and the p1s, p2s, even some p4s need a reality check.
     
  12. All4MyDaughter

    All4MyDaughter SDN Mommystrator Moderator Emeritus Lifetime Donor 10+ Year Member

    I didn't even notice.
     
    njac likes this.
  13. gwarm01

    gwarm01 7+ Year Member

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    I'm on this plan. I'm estimating a total forgiveness of about $2000. Oh well, better than no forgiveness. I should have maxed out my loans when I had the chance.
     
  14. farmadiazepine

    farmadiazepine 5+ Year Member

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    STFU
     
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  15. confettiflyer

    confettiflyer Did you just say something? 10+ Year Member

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    lol...welcome back. i thought you were on a legitimate vacation, not stewing in the background unable to post!
     
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  16. confettiflyer

    confettiflyer Did you just say something? 10+ Year Member

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    This thread is pretty awesome, someone posted a spreadsheet that I had done on my own (they did a better job) showing the hard numbers in favor of IBR/PAYE.
     
  17. BMBiology

    BMBiology temporarily banned~! 10+ Year Member

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    Not exactly. He's making a lot of assumptions:

    (1) His number is based on him being single for the next 20 years. What if he married someone who also makes a good income?
    (2) What if capital gain taxes go up in the future?
    (3) What if the stock market crashes at year 18 and it takes 4 years to recover?
    (4) What if the government changes PAYE by year 9?

    Even if his assumptions become reality, how much is he going to save by year 20? How much is that after it has been adjusted for inflation?

    I would rather pick up an extra shift here and there and pay it off as soon as possible so I can focus on my career and personal life. I don't want this kind of debt around my neck for the next 20 years. It is the smart thing to do, financially.
     
    Last edited: Sep 22, 2014
    BF7 likes this.
  18. MatCauthon

    MatCauthon 7+ Year Member

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    I have to agree with BMBiology here. Way too many assumptions for my comfort. Minimize debt and pay it off quickly.
     
    BF7 likes this.
  19. Unchained

    Unchained 5+ Year Member

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    BMBiology you need to set up a blog somewhere where we can follow your posts if they suspend you again. Odds are that it will happen.
     
    Ackj and rxglasshalffull like this.
  20. msweph

    msweph 2+ Year Member

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    Why did you get suspended?
     
  21. confettiflyer

    confettiflyer Did you just say something? 10+ Year Member

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    What if that spouse also has gargantuan student loans?

    What if they go down?

    What if the stock market surges 30% in year 19?[/quote]

    What if it doesn't?

    What if he gets hit by a bus tomorrow?
    What if he lives to a 100?
    What if California falls into the ocean in 5 years?
    What if the stock market goes up 15%, then down 7%, then steady for 5 years, then 25% up one year, then down another 18% a year after that?
    What if Honda came out with a diesel powered car?
     
  22. BMBiology

    BMBiology temporarily banned~! 10+ Year Member

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    ^^ if he married someone who also has a lot of debt then he loses either way lol

    Look at people rushing to buy U.S. Treasuries because of their perceived stability. What is their return rate? < 2%?

    And you are willing to give up a guaranteed return rate of 6.8% by dragging your student loan payment for 20 years? That is just foolish.
     
  23. BMBiology

    BMBiology temporarily banned~! 10+ Year Member

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    Some mods don't like my posts for whatever reason so they selectively choose to enforce certain SDN rules.

    If you like to post and you are opinionated, why even continue to be a mod? You are already a pharmacist. Let some pharmacy students do it.
     
  24. confettiflyer

    confettiflyer Did you just say something? 10+ Year Member

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    Ignoring the other financial alternatives is equally foolish.
     
  25. D1CE K

    D1CE K Banned Banned Account on Hold

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    Bet he's donating substantial amounts to SDN for all this leeway.


    Sent from my iPhone using Tapatalk
     
  26. Transformer

    Transformer 10+ Year Member

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    1) Almost everyone is affected by the saturation, some more than others

    2) I've given up on the idea of relying on PSLF and have been paying the interest throughout pharmacy school and residency.

    3) Pre-pharm, and pharmacy students should all try to obtain a paid pharmacy job to get a good idea of what they're getting themselves into.

    4) what does BMB stand for?




     
  27. BidingMyTime

    BidingMyTime Lost Shaker Of Salt 10+ Year Member

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    Glad you are back! Now if only SMF or whatever her letters were could come back. It's the crazy posts that keep this place entertaining!
     
    shutterfly likes this.
  28. pharm B

    pharm B Phar Noir Moderator Emeritus 7+ Year Member

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    I miss SHC.

    Almost.:prof:
     
  29. Jibby321

    Jibby321 Ready or Not...... 2+ Year Member

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    So I go back to classes and don't troll on SDN for a little while and I miss BMB getting a temp ban?

    Why did you get a temp ban?
     
  30. BMBiology

    BMBiology temporarily banned~! 10+ Year Member

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    I wonder who banned her?
     
  31. confettiflyer

    confettiflyer Did you just say something? 10+ Year Member

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    Me too...haha, she deactivated her FB account, so I have no idea what she's up to at this point.
     
  32. pharm B

    pharm B Phar Noir Moderator Emeritus 7+ Year Member

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    Oh did she? I thought maybe she'd deleted me as a friend. Her posts there always seemed about as plastic/skin-deep as anything she posted here.
     
  33. BeLikeBueller

    BeLikeBueller Doctor of Comic Relief 2+ Year Member

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    [​IMG]

    "Don't mind me, just been lurking for a while." - BMB
     
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