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Re: Prepayment on mortgage for a not-forever home?

Oh, and mortgage is over $1M (not by much, but we will lose some of the interest deduction there)
by MarieL
Fri Aug 01, 2014 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Prepayment on mortgage for a not-forever home?
Replies: 33
Views: 2327

Re: Prepayment on mortgage for a not-forever home?

Thanks for the advice, everyone! A few confirmations - > The deduction won't change a tax bracket boundary. > It's fairly likely we'll get hit with AMT - California taxes are high (11%). I think we saved getting hit from it this past year by a slim margin due to personal exemption phase outs (yay?) ...
by MarieL
Fri Aug 01, 2014 2:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Prepayment on mortgage for a not-forever home?
Replies: 33
Views: 2327

Prepayment on mortgage for a not-forever home?

Hi folks - My husband and I just purchased our first condo and we're trying to understand the pros and cons of making early payments on our mortgage. We've gotten a 3.375% 7/1 ARM Jumbo and we're putting 25% down. We're well funded on our emergency fund and retirement accounts, and have stable jobs....
by MarieL
Fri Aug 01, 2014 1:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Prepayment on mortgage for a not-forever home?
Replies: 33
Views: 2327

Re: Saving for a first (but expensive) home

Honobob: A fair enough point, I should have phrased that better. We'd like to have a large enough downpayment to escape PMI, but that's not the actual reason for waiting. It's more that we are likely to purchase in the suburbs of San Francisco (East Bay, South Bay, etc), and are not yet ready to mak...
by MarieL
Sun Feb 10, 2013 6:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saving for a first (but expensive) home
Replies: 19
Views: 2167

Re: Saving for a first (but expensive) home

Thanks for the advice! Re: Backdoor Roth - already have that one covered (that's how we have Roth IRAs). Will look at HSA next year (company just started offering it but missed open enrollment). Haven't considered a 529 before, but will look more into it. Guess it's never too early to start saving f...
by MarieL
Sun Feb 10, 2013 3:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saving for a first (but expensive) home
Replies: 19
Views: 2167

Saving for a first (but expensive) home

HI folks - Thanks to all of your great advice 2+ years ago, my investments (and those of my fiance!) are in great shape and we're starting to consider our first home purchase in the next 2-4ish years. Figured it was time to come back and ask for another round of advice :) We live in the Bay Area whe...
by MarieL
Sun Feb 10, 2013 2:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Saving for a first (but expensive) home
Replies: 19
Views: 2167

I do not want to entirely derail this topic, but I had a related question: My plan for 2011 (as was with 2010) is to back-door convert to Roth. Does it matter if I lump-sum into tIRA and convert immediately, or DCA over the year as long as I convert each chunk as soon as it's deposited (to avoid any...
by MarieL
Thu Dec 30, 2010 2:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Front load or dollar cost average?
Replies: 10
Views: 1008

Thanks Laura. That's helpful, and what my understanding was as well. It looks like it's 1 year and 3 y returns have been 3%, though it's 3-mo is at .75%. Sounds like I might need to do some digging into the costs. In terms of asset allocations then, would this be considered as cash (as I would assum...
by MarieL
Sun Dec 19, 2010 9:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Fixed Account" at ING?
Replies: 4
Views: 1598

"Fixed Account" at ING?

Hi all - Home for the holidays, and attempting to help my parents out a bit with their portfolios. In general I have a pretty good sense for where to direct them (thanks of course to all of you!) but had a (probably very basic) question on one of my mom's funds. Her 401K (just recently opened as she...
by MarieL
Sun Dec 19, 2010 8:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Fixed Account" at ING?
Replies: 4
Views: 1598

Thanks, Taylor. Fantastic book, btw :) 5. Automatically become more conservative with age. This is the only one that's worrisome for me. Since I think the 2050 Target funds are a bit aggressive, I was looking more towards 2030. however, these already seem to be on a consistent downslope towards bond...
by MarieL
Wed Nov 10, 2010 1:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving away from target funds, adding an IRA - Help with AA
Replies: 7
Views: 1186

Thanks to both of you for your help! Livesoft, thanks for the reminder on taxable vs non-taxable. I think many of the threads I had read on here recommending a move away from Target funds were likely due to that.. The difference in return between 85% stocks and 80% stocks is negligible. It sounds li...
by MarieL
Wed Nov 10, 2010 12:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving away from target funds, adding an IRA - Help with AA
Replies: 7
Views: 1186

Moving away from target funds, adding an IRA - Help with AA

Hi all - Thanks in part to some great advice from these forums, I've decided my next investing step should be to open an IRA. My 401K is currently in Target funds and I'm wondering if I should stick with that or move towards individual funds. I'm also unsure how to allocate my existing 401K with new...
by MarieL
Wed Nov 10, 2010 3:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Moving away from target funds, adding an IRA - Help with AA
Replies: 7
Views: 1186

Alright - I think I'm getting a better understanding here.. Re: school loans. If I'm understanding correctly, it's basically that while I could theoretically have an investment which makes over the 3.25% (which is what my loans are - just checked and only one of the 4 is at 2.85%) when you account f...
by MarieL
Mon Nov 08, 2010 1:20 am
 
Forum: Investing - Help with Personal Investments
Topic: 25-year old - help getting started with taxable investments
Replies: 12
Views: 1634

Hmm.. I suppose I'm less on the right track than I thought. I'll back up a bit. Chris - Thanks for the clarification on #2. That bit is the missing piece of the puzzle (though probably should have been obvious.) Also, I guess I didn't quite understand the rules on an IRA - I'll go back to the books ...
by MarieL
Sun Nov 07, 2010 9:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: 25-year old - help getting started with taxable investments
Replies: 12
Views: 1634

25-year old - help getting started with taxable investments

Hi all - Was hoping to get some help on some (probably basic) steps to get started with investing. A bit about myself / current assets: - Age: 25 - Gross Income: 150K. - Tax bracket - 28% fed, 9.95% state (california) - Debt: 30K in student loans at 2.85%. Been paying 3x monthly payment (2x from me,...
by MarieL
Sun Nov 07, 2010 6:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: 25-year old - help getting started with taxable investments
Replies: 12
Views: 1634

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