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Re: Never Want To Take Out A Loan Again.

It is tough to read objectively when the topic is of a personal matter. My recommendation is to take the day to absorb some of the very good advise from this thread, sleep on it, and reread it again to let it soak in more. The people responding have the similar passion to helping people with financi...
by MNwildcat
Wed Feb 27, 2013 7:33 pm
 
Forum: Personal Consumer Issues
Topic: Never Want To Take Out A Loan Again.
Replies: 110
Views: 7048

Re: Is [this] a stupid idea? - Extreme mortgage payoff

True that I am still saving while paying down, I front load the first have of the year with a much higher 401K contribution percentage. The remaining money pays the monthly bills. My wife's income goes into savings. After 7-8 months, I have maxed out my 401K and what is left goes into savings for th...
by MNwildcat
Sat Feb 09, 2013 1:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is [this] a stupid idea? - Extreme mortgage payoff
Replies: 40
Views: 4262

Re: Is [this] a stupid idea? - Extreme mortgage payoff

This has been an very interesting topic. I must be in the minority, I too have been aggressively paying down my mortgage. I have a 2.75% 5/1 ARM that I am 13 months into and it is our only debt. I just turned 36 and have been paying an extra $30K towards the principle the last two January's. I will ...
by MNwildcat
Thu Feb 07, 2013 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is [this] a stupid idea? - Extreme mortgage payoff
Replies: 40
Views: 4262

Re: Roth IRA contribution withdrawals (Taxable?)

Very helpful. Thank you all for the clarification. Turbotax was not friendly to me when entering this information in so I will now be going to a professional. Turbotax is not very friendly when it comes to more challenging items (at least for me anyway). Thanks again!
by MNwildcat
Thu Feb 02, 2012 6:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth IRA contribution withdrawals (Taxable?)
Replies: 4
Views: 350

Roth IRA contribution withdrawals (Taxable?)

Hello everyone. Been a lurker for some time and have enjoyed gaining knowledge from everyone's contribution. I have questions in regards to withdrawing the contributions from a Roth IRA. 1) Is this taxable? 2) Is there specific paperwork via the Investment manager to show that this is specifically f...
by MNwildcat
Wed Feb 01, 2012 9:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth IRA contribution withdrawals (Taxable?)
Replies: 4
Views: 350

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