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Re: Mortgage and heloc deduction question.

Excellent info. Saved me a lot of trouble. Thank you.
by boston2013
Thu Dec 04, 2014 9:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage and heloc deduction question.
Replies: 9
Views: 953

Re: Mortgage and heloc deduction question.

You can't deduct the interest on a mortgage over $1m I don't think.
I think using the heloc although I will be fully deducting might create a cash flow problem because paying down the mortgage does not change the monthly payments because of the amortization schedule.
by boston2013
Thu Dec 04, 2014 6:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage and heloc deduction question.
Replies: 9
Views: 953

Mortgage and heloc deduction question.

Hi all. If I have $1.1m left on my home mortgage and can pay $100k of mortgage with a heloc should I? This will make all my interest deductible but will create higher monthly payments for me since using the heloc to pay the mortgage will increase my heloc payments but will not reduce my mortgage pay...
by boston2013
Wed Dec 03, 2014 9:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage and heloc deduction question.
Replies: 9
Views: 953

Re: Same day rebuy

Thanks. That's what I thought. I will move into index funds. Probably not a bad week to buy an international fund. Not that we try to time the market...
Thanks again.
by boston2013
Tue Mar 04, 2014 8:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Same day rebuy
Replies: 4
Views: 301

Same day rebuy

I sold a bunch of stocks at a gain for a deal I was going to make. The deal didn't happen last minute. If I rebuy the same stocks I still pay capital gains, correct? Any way around this or am I stuck? Thanks.
by boston2013
Mon Mar 03, 2014 9:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Same day rebuy
Replies: 4
Views: 301

Re: Help rebalancing

thanks!
by boston2013
Mon Jan 13, 2014 12:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help rebalancing
Replies: 2
Views: 277

Help rebalancing

Hello all, About 6 mo ago (with much help from members of this board) I set up a tax efficient asset allocation of all of my funds. It has come time to rebalance and I have some cash to invest and I would appreciate some input on how best to do this. My situation is this: Actual us/itl/bond/cash = 5...
by boston2013
Sun Jan 12, 2014 9:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help rebalancing
Replies: 2
Views: 277

Re: Relative newbie Portfolio Review, please!

This is awesome. Thanks!
by boston2013
Sat Jun 29, 2013 9:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Relative newbie Portfolio Review, please!
Replies: 19
Views: 1345

Re: Relative newbie Portfolio Review, please!

Thanks for all the help everyone. Now that I have my accounts set up I'd like to know what the best way is to rebalance going forward. For example if I add $19k to my taxable keeping the ratio the same between us and international there what's the best way to calculate how I need to reallocate withi...
by boston2013
Wed Jun 19, 2013 4:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relative newbie Portfolio Review, please!
Replies: 19
Views: 1345

Re: Relative newbie Portfolio Review, please!

That makes sense, thanks!
by boston2013
Mon Jun 17, 2013 7:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Relative newbie Portfolio Review, please!
Replies: 19
Views: 1345

Re: Relative newbie Portfolio Review, please!

Yes I could, and that is a great way to think about it.

So I still need to rebalance my portfolio. What do you think about the suggested portfolio above? If I'm going to sell within taxable to rebalance I would like to do it soon to avoid selling after unrealized gain.

Thanks
by boston2013
Sun Jun 16, 2013 10:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Relative newbie Portfolio Review, please!
Replies: 19
Views: 1345

Re: Relative newbie Portfolio Review, please!

MA does not allow for mortgage interest deduction. According to my CPA I can deduct interest on the home mortgage plus the HELOC up to $1.1mil. I keep enough cash on hand to pay off the HELOC if the prime goes up. When comparing the advantages of paying off debt vs investing in stocks and bonds if I...
by boston2013
Sun Jun 16, 2013 9:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Relative newbie Portfolio Review, please!
Replies: 19
Views: 1345

Re: Relative newbie Portfolio Review, please!

Thank for the replies. I calculate that at my tax rate I need to get roughly a 5.8% return or higher, otherwise I should have use the money to pay off the mortgage with the highest rate (4.375%). I'm using 20% long term capital gains and 3.8% unearned income medicare. Can anyone verify that this fig...
by boston2013
Sun Jun 16, 2013 7:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Relative newbie Portfolio Review, please!
Replies: 19
Views: 1345

Re: Relative newbie Portfolio Review, please!

The reason why I wanted to get some money in the market and stop paying off debt as aggressively (and you can tell me if this makes sense) is that my debt is all real estate so I see paying off my debt as the same thing as investing in real estate. From this point of view I feel like I have a wildly...
by boston2013
Sat Jun 15, 2013 4:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relative newbie Portfolio Review, please!
Replies: 19
Views: 1345

Re: Relative newbie Portfolio Review, please!

Thanks for restating the downside of rolling over the 401k if we want to backdoor roth in the future. I edited top post to put value on debt and to show fund options for my wife's 401k. Since it looks like we will be keeping it I would like help picking funds for both 401ks. I just bought the Vangua...
by boston2013
Sat Jun 15, 2013 3:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relative newbie Portfolio Review, please!
Replies: 19
Views: 1345

Re: Relative newbie Portfolio Review, please!

Edited to show full names of funds.
by boston2013
Sat Jun 15, 2013 12:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relative newbie Portfolio Review, please!
Replies: 19
Views: 1345

Relative newbie Portfolio Review, please!

Hello and thanks in advance for any advice you can give me. I’ve been saving money at a decent rate but investing in a disorganized way. I recently moved all my taxable investments into Vanguard index funds and opened backdoor Roths for my wife and I. After reading this EXCELLENT forum and the assoc...
by boston2013
Sat Jun 15, 2013 12:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relative newbie Portfolio Review, please!
Replies: 19
Views: 1345

Re: Backdoor Roth for non-working spouse

Thanks very much for all the great info!
by boston2013
Sat Jun 15, 2013 10:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth for non-working spouse
Replies: 13
Views: 888

Backdoor Roth for non-working spouse

Hi all, quick general question,
Our household income is too high for tIRA, so I would like to set up a backdoor Roth. Can I set up one for me AND one for my non-working spouse?
Thanks very much!
by boston2013
Thu Jun 13, 2013 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth for non-working spouse
Replies: 13
Views: 888

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