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Re: student loan interest

wow, sorry to stir up all this controversy! here is the response i received from the loan company (Mohela). "After speaking with someone in our accounting department, our records indicate that you paid $9,270.50 in interest and $19,305.06 was left from an interest capitalization from 2010 when ...
by jon7417
Sat Jan 18, 2014 6:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: student loan interest
Replies: 19
Views: 1057

Re: student loan interest

they take any interest balance first on day loan is paid, then any extra goes towards principal.
i don't think this is pre-paying, but not sure.
by jon7417
Fri Jan 17, 2014 9:33 am
 
Forum: Personal Finance (Not Investing)
Topic: student loan interest
Replies: 19
Views: 1057

student loan interest

Received my 1098-E student loan form and have a question re: interest. In 2013, we aggressively paid student loans down (minium + lots extra) compared to 2012 when we paid minimum payments only. In 2012, we paid $9500 in student loan interest. In 2013, we paid $28,500 in student loan interest! Why h...
by jon7417
Fri Jan 17, 2014 8:58 am
 
Forum: Personal Finance (Not Investing)
Topic: student loan interest
Replies: 19
Views: 1057

Re: Indiana College 529 Investment Question "Unit Price"

i thought about that idea, but don't care for the "Loomis Sayles Absolute Strategies Fund" that is lumped in with it. My average exp ratio for my 3 funds is 0.55% (non weighted, would be less if weighted). 0.50% seems like a better overall exp. ratio. Does the fund automatically adjust the...
by jon7417
Tue Jan 14, 2014 5:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Indiana College 529 Investment Question "Unit Price"
Replies: 4
Views: 172

Indiana College 529 Investment Question "Unit Price"

Was looking at my year end statements for my son's 529 account. I noticed that the year end 2013 statement is not that different from start of 2014. I specifically wondered about how dividends/distributions were paid for my funds. I have 3 funds in the account (Vanguard Institutional Total Stock Mar...
by jon7417
Tue Jan 14, 2014 4:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Indiana College 529 Investment Question "Unit Price"
Replies: 4
Views: 172

Re: Automatic investing in a taxable account

If you can afford to do $1000 monthly in one lump sum, I would personally do this instead of divided up every week. You are asking about Dollar Cost Averaging vs Lump Sum. There are plenty of articles on DCA- here is one from Vanguard 2012 I enjoyed https://pressroom.vanguard.com/nonindexed/7.23.201...
by jon7417
Mon Nov 04, 2013 11:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Automatic investing in a taxable account
Replies: 10
Views: 453

Re: Remote deposit check capture limits

thanks most i've seen is 10k, but I'm looking for amount higher than this (20k max would be fine).
vanguard has a 10k max. wonder if they would make exception to higher amount since we have several accounts with them.
USAA is another bank that does this, but 10k is max.
by jon7417
Mon Nov 04, 2013 10:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Remote deposit check capture limits
Replies: 12
Views: 1038

Remote deposit check capture limits

Anyone know of any online (or physical banks) that offer online remote deposit check services with high limits? I.e. 10k-20k?
Most I've seen is 10k max daily.
by jon7417
Sun Nov 03, 2013 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Remote deposit check capture limits
Replies: 12
Views: 1038

Re: Vanguard IRA fund minimum ideas

thank you, that makes me feel much better with your explanation of the tax thing. (Now getting it to work in the tax software this year will be another adventure, lol). :) i'll just keep the $1 in trad IRA and continue monthly conversions leaving that minimal amount. When we are out of debt I will b...
by jon7417
Sat Oct 26, 2013 6:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard IRA fund minimum ideas
Replies: 4
Views: 638

Vanguard IRA fund minimum ideas

Hello, I have a Vanguard IRA fund-minimum question. I routinely use the "back door" route of converting Trad IRA to Roth IRA on a monthly basis for both my wife and myself. The Trad IRA is a money market fund and when I convert it over, I transfer it into our asset allocation funds (not mo...
by jon7417
Fri Oct 25, 2013 11:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard IRA fund minimum ideas
Replies: 4
Views: 638

Re: 401k question [Change to Roth 401(k)?]

thanks to everyone for the replies. loving this forum and the wealth of information :) For the technical details: Thanks for the good point about non-deductible and deductible contributions. I didn't realize there were (already) both in the account as others mentioned...the deductible employee (my) ...
by jon7417
Mon Jul 01, 2013 7:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k question [Change to Roth 401(k)?]
Replies: 20
Views: 1072

401k question [Change to Roth 401(k)?]

First time poster. Have really enjoyed reading so far. I apologize in advance if this question has been answered, but on my brief search couldn't find anything. Question regarding my 401k that I’ve had for 1 year. Currently the balance is around 50k. Up to this point I have been doing pre-tax 401k c...
by jon7417
Mon Jul 01, 2013 1:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k question [Change to Roth 401(k)?]
Replies: 20
Views: 1072

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