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Re: Question about becoming a CFP

. Hi all! I can only assume that a forum such as this has more than its fair share of Certified Financial Planners roaming around. So... I just started taking CFP classes this fall. I really enjoy the subject matter but I have one dilemma: I don't currently work in the financial services industry an...
by lm002e
Wed Nov 28, 2012 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Question about becoming a CFP
Replies: 49
Views: 4332

Re: Question about becoming a CFP

Hi all! I can only assume that a forum such as this has more than its fair share of Certified Financial Planners roaming around. So... I just started taking CFP classes this fall. I really enjoy the subject matter but I have one dilemma: I don't currently work in the financial services industry and...
by lm002e
Wed Nov 28, 2012 8:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Question about becoming a CFP
Replies: 49
Views: 4332

Question about becoming a CFP

Hi all! I can only assume that a forum such as this has more than its fair share of Certified Financial Planners roaming around. So... I just started taking CFP classes this fall. I really enjoy the subject matter but I have one dilemma: I don't currently work in the financial services industry and ...
by lm002e
Mon Nov 26, 2012 10:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about becoming a CFP
Replies: 49
Views: 4332

Re: Decision Time -- Take Lump Sum or Pension -- HELP!!!

Running some numbers:

$675/month @ 6.5% ROI (this number can be debated) will be equivalent to a present value of $135K in 11.3 years (136 monthly payments). Of course, there are other important factors that have already been presented. But it may be helpful to start with the raw numbers.
by lm002e
Fri Oct 26, 2012 4:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Decision Time -- Take Lump Sum or Pension -- HELP!!!
Replies: 17
Views: 1113

Re: Texas Real Estate: Rent vs. Buy

I live in Austin, TX and I'm struggling with the same decision. I lean towards buying as hedge against inflation. The austin area rental market is nearly full (~98% occupancy rate) which will most likely mean landlords will be raising the rent in the coming years.
by lm002e
Mon Oct 01, 2012 3:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Texas Real Estate: Rent vs. Buy
Replies: 23
Views: 1979

Re: Save for downpayment or continue paying off debt?

I live in Austin, TX and $100K is most likely the low end of the housing market here. There is an outside chance that I could get a home for 50% off through a HUD program called "Good Neighbor Next Door". Unfortunately, there are very few homes that qualify for this program (only 7 listing...
by lm002e
Tue Nov 15, 2011 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Save for downpayment or continue paying off debt?
Replies: 14
Views: 987

Re: Save for downpayment or continue paying off debt?

If I lose my job prior to putting in 23 years of service (age 53 for me), then I have basically 2 options: 1) cash out all money that I contributed (8% of my gross pay) but I would NOT receive any money that my employer contributed (14% of my gross pay). Obviously a terrible option. 2) at age 65 I w...
by lm002e
Tue Nov 15, 2011 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Save for downpayment or continue paying off debt?
Replies: 14
Views: 987

Re: Save for downpayment or continue paying off debt?

Thank you for the replies. Here's the rest of the info, sorry I didn't include it initially. Car loan at 4.75%. Student loan at 2.5%. I have $2000 in my emergency fund (still working to increase it). I don't currently have anything saved towards a downpayment but in 6-12 months I could reasonably ex...
by lm002e
Tue Nov 15, 2011 3:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Save for downpayment or continue paying off debt?
Replies: 14
Views: 987

Re: To Know or Not To Know

'Tis better to know what you don't know, in my opinion. In my profession (paramedic), it's vitally important that I know what I don't know. Frequently patients ask if this or that is potentially harmful, fatal, dangerous, etc, and many times I'm left saying, "I'm not 100% sure but I can take yo...
by lm002e
Tue Nov 15, 2011 1:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: To Know or Not To Know
Replies: 7
Views: 808

Save for downpayment or continue paying off debt?

Hi all, My short bio: 34 years old, single, no dependents (well, two cats). Gross income ~ 75K (though this is variable due to how much overtime is available). I'm a gov't employee with a pension on which I'll be able to draw in 19 years (age 53). I'll receive 70% of my salary at that point. I'm als...
by lm002e
Tue Nov 15, 2011 1:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Save for downpayment or continue paying off debt?
Replies: 14
Views: 987

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