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Re: 28 year old with student loan needs help

I think we'll need a little more information before being able to give you an informed opinion. What is the interest rate on the student loan? What is your income? What are you expenses? Interest rate on loan is 5.3% Income is $60,000 Expenses ~1500 a month Roth IRA - $300 a month Looks like you'll...
by Clark Griswold
Tue Mar 18, 2014 9:20 am
 
Forum: Investing - Help with Personal Investments
Topic: 28 year old with student loan needs help
Replies: 14
Views: 978

Re: Making $175k/year. What do I do with it all?

Just out of curiousity, what do you do?
by Clark Griswold
Fri Jan 17, 2014 8:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Making $175k/year. What do I do with it all?
Replies: 39
Views: 6249

Re: Salary information - need help

I would think that more variables would go into this. Such as job location(HCOL, LCOL), size of company, experience. I'm sure there are other sites, but salary.com is the first that comes to ming.
by Clark Griswold
Thu Jan 16, 2014 1:52 pm
 
Forum: Personal Consumer Issues
Topic: Salary information - need help
Replies: 10
Views: 1685

Re: Part-time New Career Suggestions

However, I'm also bored a lot of the time and would like to find something more financially productive for my idle times than marathoning Breaking Bad, playing video games, or running on the treadmill while watching Breaking Bad marathons (you sense a pattern here?). :) I also am single with no chi...
by Clark Griswold
Mon Dec 16, 2013 8:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Part-time New Career Suggestions
Replies: 9
Views: 1148

Re: Tax Implications of Gift to Siblings?

Unless I'm reading it wrong, I believe paying off someone's student loans is exempt from the gift tax. "What can be excluded from gifts? The general rule is that any gift is a taxable gift. However, there are many exceptions to this rule. Generally, the following gifts are not taxable gifts. 1....
by Clark Griswold
Tue Aug 06, 2013 1:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Implications of Gift to Siblings?
Replies: 16
Views: 1039

Re: Financial Checkup for 25 y/o

I'd go ahead and pay of the 2.5K auto loan from the emergency fund. You would still have plenty funds remaing for a short term emergency and you are adding 1k a month so it will be built back up shortly. I am debt averse, so this is more of a personal preference.
by Clark Griswold
Fri Jun 14, 2013 11:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Financial Checkup for 25 y/o
Replies: 5
Views: 612

Re: Pay off debt or pay cash for school?

I agree with your assessment. Pay off the unsubsidized portion before she goes back to school to free up some cash flow, then try to pay as much of her schooling as you can so you don't have to borrow at the higher rate.
by Clark Griswold
Thu May 30, 2013 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay off debt or pay cash for school?
Replies: 2
Views: 362

Re: Mortgage Rates Increasing

Thanks for the responses. I think locking it in at 4% is the best bet too.
by Clark Griswold
Thu May 30, 2013 11:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Rates Increasing
Replies: 14
Views: 1432

Mortgage Rates Increasing

My wife and I finally got a contract on a house. Of course interest rates have climbed for the past 3 weeks now reaching a 1.5 year high. We went to see the lender yesterday and he quoted 4% on a 30 yr fixed. He said we could wait and see if they drop, but there was probably a greater chance that th...
by Clark Griswold
Thu May 30, 2013 11:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Rates Increasing
Replies: 14
Views: 1432

Re: Portfolio Review / 401K Advice

Lots of great info. Special thanks to everyone for the responses.
by Clark Griswold
Tue May 14, 2013 11:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review / 401K Advice
Replies: 11
Views: 1082

Re: Portfolio Review / 401K Advice

Retirement Accounts: His New 401K: $1100 – (contr. 8%, employer matches first 2% and 45% of the next 6% after 6 months of employment) Funds listed below. . . . . . Contributions: New 401K - currently contributing 8% which is the eployer match that begins after 6 months of employment Roth IRA's - $1...
by Clark Griswold
Mon May 13, 2013 10:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review / 401K Advice
Replies: 11
Views: 1082

Re: Portfolio Review / 401K Advice

Congratulations on the new job and the new baby. What is the expected level of new contributions annually for the next few years? See this for format -- http://www.bogleheads.org/forum/viewtopic.php?t=6212 New annual Contributions $xx his 401k (also specify any employer matching contributions) $xx ...
by Clark Griswold
Fri May 10, 2013 10:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review / 401K Advice
Replies: 11
Views: 1082

Re: Portfolio Review / 401K Advice

current 401K choices that I would pick : Northern Small Cap Index Fund (NSIDX) - 0.16% Small Cap US Stock and Vanguard Institutional Index Instl (VINIX) - 0.04% Large Cap US Stock I would sell the bank stock and pay off your loans. This has definitely crossed my mind. Also, I am debt averse so that...
by Clark Griswold
Thu May 09, 2013 11:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review / 401K Advice
Replies: 11
Views: 1082

Portfolio Review / 401K Advice

Hello All, I’ve been lurking for a little while and thought now was a good time to post and try to get some advice. I recently started a new job and my wife and I just had our first child. My wife is working part time(I’m just happy she is working again) and doesn’t have a retirement plan at work. A...
by Clark Griswold
Thu May 09, 2013 10:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review / 401K Advice
Replies: 11
Views: 1082

Re: Which employer would you pick?

If compensation is similar, I would choose the company that makes you the happiest. You don't want to go to a job everyday that you don't like. Trust your gut. Just my two cents.
by Clark Griswold
Fri Apr 26, 2013 10:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1725

Re: What level of detail do you budget to?

I set up our budget and would download our bank activity after the end of a month to see how we did for that month and how we needed to adjust for the next month. However, that method was more of a cost tracking and comparison to the goal. I am currently downloading our bank activity weekly or every...
by Clark Griswold
Tue Apr 09, 2013 9:58 am
 
Forum: Personal Finance (Not Investing)
Topic: What level of detail do you budget to?
Replies: 66
Views: 4740

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