Search found 8 matches

by YoungAndNew2This
Sun Mar 19, 2017 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: First Home and Another Investment Property
Replies: 11
Views: 672

Re: First Home and Another Investment Property

What are the interest rates for your student loans? Interest rates range from 3-6%. I've considered paying them off faster, but I rather have the capital handy for home, emergency, etc.. Knowing the upfront cost of purchasing a 450K home would help. Thought of unknowns for me. I would imagine havin...
by YoungAndNew2This
Sun Mar 19, 2017 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: First Home and Another Investment Property
Replies: 11
Views: 672

Re: First Home and Another Investment Property

Thanks for the help everyone. I work in construction and I think this is right up my alley, but home buying is new to me. I'm going to research more, but I plan to get (1)FHA home towards the end of the year and I'll save the rest for the right time. I believe PMI is a tax right off as well, but i'l...
by YoungAndNew2This
Sun Mar 19, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: First Home and Another Investment Property
Replies: 11
Views: 672

Re: First Home and Another Investment Property

Does anyone happen to know a good excel sheet or location I can find all the necessary/hidden cost in home purchasing?

Since this being my first one, I'm unsure of all the costs or % of cost. (i.e. closing costs, mortgage insurance, property taxes, cash reserves, etc.)
by YoungAndNew2This
Sun Mar 19, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: First Home and Another Investment Property
Replies: 11
Views: 672

Re: First Home and Another Investment Property

Thanks for the help. Looks like I'll just skip this idea and maybe do it sometime in the future when I have more money saved up.
by YoungAndNew2This
Sun Mar 19, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: First Home and Another Investment Property
Replies: 11
Views: 672

First Home and Another Investment Property

Something occurred to me while at work, and I'm strongly considering it however I don't have enough information to know if it works or if its a good idea. Age: 26 Current Salary: 120 Gross / 15% annual bonus Savings: 100K Debt: Student Loans 40K I live in CA and I'm at the time where I'm considering...
by YoungAndNew2This
Sun Jan 08, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice. Tradition 401(k) vs Roth 401(k)
Replies: 19
Views: 1052

Re: Need Advice. Tradition 401(k) vs Roth 401(k)

Thank you for the help everyone. I'm going to look into doing a traditional 401(k) for the year 2017 and hopefully onward.
by YoungAndNew2This
Sun Jan 08, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice. Tradition 401(k) vs Roth 401(k)
Replies: 19
Views: 1052

Re: Need Advice. Tradition 401(k) vs Roth 401(k)

You almost certainly should be using a Traditional 401k - what is your federal marginal tax rate (I'm guessing 25 or 28%). My federal marginal tax rate is 28%. If I went to a traditional 401(k) for this upcoming year, I would bring home 10k more for this year assuming 2016 tax rates. Max out Tradit...
by YoungAndNew2This
Sun Jan 08, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Need Advice. Tradition 401(k) vs Roth 401(k)
Replies: 19
Views: 1052

Need Advice. Tradition 401(k) vs Roth 401(k)

Hello everyone, I'm a short time browser and have recently started to push myself into personal finance/investing forums, however, I have been saving and collecting like a squirrel throughout my young age, and I would love to hear some advice and feedback. Here's my situation: I'm 26 years old and I...

Go to advanced search