Search found 2278 matches

by neurosphere
Mon May 22, 2017 2:54 am
Forum: Personal Finance (Not Investing)
Topic: Student loan debt, PSLF, planning for future
Replies: 31
Views: 1956

Re: Student loan debt, PSLF, planning for future

I think it depends on the debt level and AGI. If your IBR payment would be greater than your 10 year payment you are kicked off of IBR. I assume the same is true for PAYE. Assuming PSLF survives, everyone should be all about managing AGI. No. Under PAYE and IBR, if your payment would otherwise exce...
by neurosphere
Sun May 21, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Student loan debt, PSLF, planning for future
Replies: 31
Views: 1956

Re: Student loan debt, PSLF, planning for future

One warning through -- and i'm not sure if its by statute or rule -- but the majority of the 120 payments for PSLF must be made on an income-driven repayment plan. So 60 of those payments must be made under IBR/PAYE/REPAYE or PSLF won't kick in. This isn't a problem for doctors who do residencies a...
by neurosphere
Sat May 20, 2017 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?
Replies: 26
Views: 1365

Re: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?

I bet that the "book" is 32 pages or less in length, and "saddle-stitched" (stapled). There's a long-standing tradition of referring to booklets as "books," often with rhetoric "free book, jam-packed with all the information you need to get started on building a b...
by neurosphere
Sat May 20, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?
Replies: 26
Views: 1365

Re: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?

In my financial talks I have a catch-phrase I like a lot: "If you don't know enough to know whether a Target Date fund is right for you, it's right for you". And I follow with something like "if for some reason it is NOT right for you, it remains right for you until you learn/underst...
by neurosphere
Sat May 20, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?
Replies: 26
Views: 1365

Re: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?

In my financial talks I have a catch-phrase I like a lot: "If you don't know enough to know whether a Target Date fund is right for you, it's right for you". And I follow with something like "if for some reason it is NOT right for you, it remains right for you until you learn/underst...
by neurosphere
Sat May 20, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?
Replies: 26
Views: 1365

Re: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?

My dad's Edward Jones advisor gave us a book as a wedding present ... I have never even met the dude. I read it .... basically one of those "give up Starbucks and you can be a millionaire". I brought it on the honeymoon but didn't make it all the way though... :sharebeer Maybe we should a...
by neurosphere
Sat May 20, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?
Replies: 26
Views: 1365

Re: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?

Neurosphere: I knew from your previous posts that you are a financial advisor. Have to admire your intellectual honesty and your sending out of Boglehead books to your clients. It gets back to the question of why someone would need your services and what value added you provide your clients. You ar...
by neurosphere
Sat May 20, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?
Replies: 26
Views: 1365

Re: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?

I think I got this same pitch when I was in residency! For the life of me I can't remember butthe title was something about the wealthy physician or something like that. In a nutshell, it was about how awesome whole life insurance is and touted the benefits of borrowing your own money and paying so...
by neurosphere
Sat May 20, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?
Replies: 26
Views: 1365

Re: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?

I'll bet it isn't "If You Can". :happy [edit] My favorite quote is: "Act as if every broker, insurance salesman, mutual fund salesman and financial advisor you encounter is a hardened criminal." One of my favorite lines, which is featured prominently in all the talks I give. I g...
by neurosphere
Fri May 19, 2017 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?
Replies: 26
Views: 1365

Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?

I have a resident who was sent an email by a person who works at an advisory firm and asked for my opinion about the suggestions. It's a typical emotion-laden plea or sales pitch for buying all sorts of things he doesn't need, some things he does need, and some suggestions for things he needs but no...
by neurosphere
Wed May 17, 2017 6:33 pm
Forum: Personal Consumer Issues
Topic: Home cordless phone recommendation, which takes AA or AAA batteries
Replies: 30
Views: 1271

Re: Home cordless phone recommendation, which takes AA or AAA batteries

Uniden is what I have now, and in general I'm happy with the call quality and overall function. This is my model: https://www.amazon.com/Uniden-Telephone-Interference-Technology-DECT3080-3/dp/B0015AB6OI/ref=cm_cr_arp_d_product_top?ie=UTF8 That may explain it. According to the manual for that set Wi...
by neurosphere
Wed May 17, 2017 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: New Graduate w/ Large Loans & New Job - Options
Replies: 25
Views: 1707

Re: New Graduate w/ Large Loans & New Job - Options

I just got off the phone with my loan servicer and this is what I am gathering from REPAYE so far but please correct me on any misconception. In general, your observations are correct. A few points: -- payments are not based on 10% of your income, but 10% of the difference between your AGI and &quo...
by neurosphere
Wed May 17, 2017 5:16 pm
Forum: Personal Consumer Issues
Topic: Home cordless phone recommendation, which takes AA or AAA batteries
Replies: 30
Views: 1271

Re: Home cordless phone recommendation, which takes AA or AAA batteries

I've had cordless phones for probably about 20 years now. The original Uniden phones had a variety of issues including proprietary batteries that were poor performing, proprietary and hard find replacements for. About 3 years ago I started reading about Panasonic cordless phones here and decided it...
by neurosphere
Wed May 17, 2017 4:51 pm
Forum: Personal Consumer Issues
Topic: Home cordless phone recommendation, which takes AA or AAA batteries
Replies: 30
Views: 1271

Re: Home cordless phone recommendation, which takes AA or AAA batteries

Double whammy...I have a Panasonic set that's a bit over 5 years old now, and still on the original batteries....which are NiMH AAAs. The previous set (also Panasonic) I had for almost 10 years, and had to replace the proprietary batteries once. The only reason we replaced that set is because we wa...
by neurosphere
Wed May 17, 2017 1:46 pm
Forum: Personal Consumer Issues
Topic: Home cordless phone recommendation, which takes AA or AAA batteries
Replies: 30
Views: 1271

Re: Home cordless phone recommendation, which takes AA or AAA batteries

It seems the batteries are costing us more than the original price of the phones. Check ebay/amazon for replacement batteries. For my uniden sets, I can buy them dirt cheap on internet. By the way, you could certainly create your own battery pack from the eneloop but if you are asking for the abili...
by neurosphere
Tue May 16, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: New Graduate w/ Large Loans & New Job - Options
Replies: 25
Views: 1707

Re: New Graduate w/ Large Loans & New Job - Options

I actually have a series of loans at various rates listed below but was offered federal consolidation at 6.8%. I just noticed this. Are you sure it was 6.8% Federal consolidation should be: What is the interest rate on a consolidation loan? A Direct Consolidation Loan has a fixed interest rate for ...
by neurosphere
Tue May 16, 2017 10:06 am
Forum: Investing - Help with Personal Investments
Topic: New Graduate w/ Large Loans & New Job - Options
Replies: 25
Views: 1707

Re: New Graduate w/ Large Loans & New Job - Options

Hello everyone, I am new to much of this and trying to wrap my head around a series of factors regarding my financial future. I am 25 years old and just finishing up a graduate program. I have taken on very large federal student loans. Recently, I have been lurking these forums and have found some ...
by neurosphere
Tue May 16, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: New Graduate w/ Large Loans & New Job - Options
Replies: 25
Views: 1707

Re: New Graduate w/ Large Loans & New Job - Options

T Hypothetically if I was to enter PAYE/REPAYE in the beginning my payments would be around $600 a month. If I understand Finance-MD correctly I would max my 401k followed by a Roth IRA while churning my max discounted stock options for the 15% (with a few other options depending on more income and...
by neurosphere
Tue May 16, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: New Graduate w/ Large Loans & New Job - Options
Replies: 25
Views: 1707

Re: New Graduate w/ Large Loans & New Job - Options

Here2LearnMore wrote:
$4,705 @ 6.8%
$5,705 @ 6.8%
$3,565 @ 6.8%
$8,511 @ 3.9%
$64,507 @ 7.2%
$23,676 @ 6.2%
$49, 609 @ 6.8%
$22,301 @ 5.8%
$21,405 @ 5.3%
$36,380 @ 6.3%

Thank again, really glad I found this site!


Are any of these SUBsidized loans? And if so, which?
by neurosphere
Tue May 16, 2017 6:31 am
Forum: Personal Consumer Issues
Topic: Home cordless phone recommendation, which takes AA or AAA batteries
Replies: 30
Views: 1271

Re: Home cordless phone recommendation, which takes AA or AAA batteries

Looks like I'll stick with Panasonic! The uniden phones we have are fine, except that the batteries need to be physically replaced about every year because they no longer hold a charge. It could be the batteries, the phones, the chargers in the base, our usage patterns, or a combination of all of th...
by neurosphere
Mon May 15, 2017 9:02 pm
Forum: Personal Consumer Issues
Topic: Home cordless phone recommendation, which takes AA or AAA batteries
Replies: 30
Views: 1271

Home cordless phone recommendation, which takes AA or AAA batteries

We have a land line. We need multiple cordless handsets. We have handsets which take proprietary NiMH batteries. These don't seem to last long at all, and we replace them much more often than we would like. It seems the batteries are costing us more than the original price of the phones. Anyone here...
by neurosphere
Mon May 15, 2017 7:36 pm
Forum: Personal Consumer Issues
Topic: The recent WannaCry ransomware
Replies: 60
Views: 6395

Re: The recent WannaCry ransomware

Re the advice to "Backup your systems," pay special attention to "Make sure you have offline backups." This ransomware encrypts data on all accessible drives on your network . If you leave a backup drive connected then that data will be compromised as well. And of course "T...
by neurosphere
Mon May 15, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Medical loans, Roth IRA, 401k and marraige- what to do?
Replies: 4
Views: 227

Re: Medical loans, Roth IRA, 401k and marraige- what to do?

however I'm a bit confused on what to do with my ROTH (vanguard index fund). We don't plan on filing jointly until I finish training and my income is beyond IBR limitations in a few years. My guess is that if you are filing separately you are likely in at least a 25% tax bracket, and higher dependi...
by neurosphere
Mon May 15, 2017 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt
Replies: 25
Views: 1708

Re: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt

[Post removed by admin LadyGeek] I think the upshot to this thread is that given the loan amounts, rates, and terms, the OPs current income does not make it likely that there will be forgiveness in 20 years unless there is a drastic sustained reduction in income. A little bit of number crunching, e...
by neurosphere
Mon May 15, 2017 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt
Replies: 25
Views: 1708

Re: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt

I will definitely play with this. At first glance, the embedded spreadsheet is a little tricky -- I can't figure out how to copy values down, so having to manually type in each AGI number is frustrating. I'm going to open the full sheet in a separate tab and try it that way ... Did this work for yo...
by neurosphere
Sun May 14, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Setting a periodic transfer / Dealing with a fiscal beggar
Replies: 26
Views: 2474

Re: Setting a periodic transfer / Dealing with a fiscal beggar

You could simply open a joint savings/checking account with them that provides for ATM access. If you have ownership in the account you can deposit/transfer money in (ACH/Check/whatever. To avoid overdrafts a checking account, without checks, might work. A savings account may have limits on the num...
by neurosphere
Sun May 14, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Simple W4 Excel withholding calculator (to calculate exact dollar amount based on W4 inputs)
Replies: 13
Views: 819

Re: Simple W4 Excel withholding calculator (to calculate exact dollar amount based on W4 inputs)

Anyone with a personal microsoft account care to help me answer the question below? There is a button at the very bottom right of the spreadsheet, which if you hold your mouse over it the pop-up text reads "view full size workbook". This then opens the spreadsheet in a new browser, with th...
by neurosphere
Sat May 13, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Simple W4 Excel withholding calculator (to calculate exact dollar amount based on W4 inputs)
Replies: 13
Views: 819

Re: Simple W4 Excel withholding calculator (to calculate exact dollar amount based on W4 inputs)

I guess I could create a calculator for state withholding too. I'll add that to my to-do list. I might as well start with my home state (NY). After that, any requests? :D Then again, one can always use the paycheck calculator at paycheckcity, but that calculator requires you to go back and forth to ...
by neurosphere
Sat May 13, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Simple W4 Excel withholding calculator (to calculate exact dollar amount based on W4 inputs)
Replies: 13
Views: 819

Re: Simple W4 Excel withholding calculator (to calculate exact dollar amount based on W4 inputs)

Thanks for the effort neurosphere. re: "the spreadsheet no longer needs to be downloaded" But is there still a way to download the spreadsheet? Within the frame where the embedded spreadsheet lives there is a little download button (bottom right, first icon in the set at the right). If yo...
by neurosphere
Sat May 13, 2017 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Simple W4 Excel withholding calculator (to calculate exact dollar amount based on W4 inputs)
Replies: 13
Views: 819

Re: Simple W4 Excel withholding calculator (to calculate exact dollar amount based on W4 inputs)

Neurosphere, Unfortunately, in the gray box at the bottom, I see "SharePoint Online" and a little blue "Sign In" box which takes me to a Microsoft Office 365 login. I think I fixed this? Perhaps try again. It seems if I host the spreadsheet on my "Onedrive for business"...
by neurosphere
Sat May 13, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Simple W4 Excel withholding calculator (to calculate exact dollar amount based on W4 inputs)
Replies: 13
Views: 819

Re: Simple W4 Excel withholding calculator (to calculate exact dollar amount based on W4 inputs)

Neurosphere, Thanks for creating this! Unfortunately, in the gray box at the bottom, I see "SharePoint Online" and a little blue "Sign In" box which takes me to a Microsoft Office 365 login. Is that ALL you see? So the calculator is not embedded for you? I'm using chrome by the ...
by neurosphere
Sat May 13, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Simple W4 Excel withholding calculator (to calculate exact dollar amount based on W4 inputs)
Replies: 13
Views: 819

Re: Simple W4 Excel withholding calculator (to calculate exact dollar amount based on W4 inputs)

Fyi, I changed the page to allow one to directly use the calculator without needing to download the spreadsheet. One can simply enter the numbers directly into the embedded calculator.

Also, the link address has changed. New link is here: https://www.doctoredmoney.org/payroll-w ... calculator
by neurosphere
Fri May 12, 2017 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Student loan debt, PSLF, planning for future
Replies: 31
Views: 1956

Re: Student loan debt, PSLF, planning for future

Neurosphere - thank you so much Hey truepat, I edited/modified the spreadsheet I used for my PSLF calculations and put it online. You can put in your own numbers and see if it adds any additional insight into your situation. You'll be able to see exactly how much your payments and other parameters ...
by neurosphere
Fri May 12, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt
Replies: 25
Views: 1708

Re: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt

[quote="scud133"][/quote] Hey scud, just for fun (because it seems your question is answered), check out this beta version of an excel calculator I put up online: https://www.doctoredmoney.org/excel-embed-test You can enter your loans balances and weighted average interest rates and your c...
by neurosphere
Thu May 11, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt
Replies: 25
Views: 1708

Re: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt

We are in a similar situation as you. I am currently under the PAYE program for student loans. We initially did MFS for a couple years and switched to MFJ this year. We came to the simple conclusion that we could pay more towards our loans (MFJ) or pay the tax man more (MFS). Then, it was an easy d...
by neurosphere
Thu May 11, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt
Replies: 25
Views: 1708

Re: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt

So that means: :greedy We can file MFJ and get all the benefits of that; :moneybag Get free money from the 401k match; :mrgreen: Have a maxed-out HSA; :beer and pay off the loans in at most 10 years. Sounds good to me. Am I missing anything? Sounds good to me!! Isn't Bogleheads great?! :sharebeer B...
by neurosphere
Thu May 11, 2017 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt
Replies: 25
Views: 1708

Re: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt

However, filing separately will result in higher income tax. Using Bankrate calculators with our exact 2016 information, the "penalty" for filing separately is an additional $1,707 in taxes. Just a warning, the bankrate tax calculator has errors for the MFS scenario. For example, it allow...
by neurosphere
Wed May 10, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt
Replies: 25
Views: 1708

Re: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt

Does my reasoning make sense? Or is getting the "lowest payment" not really valid? Given the new information, filing separately and using PAYE seems to be the worst possible option available to you. The analogy is this: I am offering you $7000 each year of loans at 6.8%. And each year the...
by neurosphere
Wed May 10, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt
Replies: 25
Views: 1708

Re: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt

If you are going for loan forgiveness, be very sure you are making qualified payments. On a mom forum I'm on several people have come asking for advice because they just found out that the payments they made for 10 years don't qualify. Even though they asked several times over the years that they d...
by neurosphere
Wed May 10, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt
Replies: 25
Views: 1708

Re: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt

I think you have to focus the question about WHY you want a lower loan payments. Otherwise we can't address the pros/cons of MFJ vs MFS. For example, if you had the option to simply forbear (just not make any payments and have interest accumulate), would you do so? That would be the lowest payment p...
by neurosphere
Wed May 10, 2017 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Newly married: MFS, multiple IRAs, student loans, and taxes (HELP!)
Replies: 28
Views: 1307

Re: Newly married: MFS, multiple IRAs, student loans, and taxes (HELP!)

[ I am on PAYE currently so I know I qualify :) I will not be getting PSLF; however, if I continue paying less than "standard" on the loans then I will expect loan forgiveness (and the subsequent tax bomb) in approx 20 years. Our AGIs are more in the range of $65k/ea. We will NOT pay $200...
by neurosphere
Wed May 10, 2017 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Newly married: MFS, multiple IRAs, student loans, and taxes (HELP!)
Replies: 28
Views: 1307

Re: Newly married: MFS, multiple IRAs, student loans, and taxes (HELP!)

So we have to go with the PAYE/IBR option, which requires MFS to qualify. [Feel free to start a separate thread, but there are important questions unanswered regarding the MFS/MFJ question.] NO. Neither PAYE nor IBR require you to file separately, although doing so will reduce your payments from ab...
by neurosphere
Wed May 10, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Newly married: MFS, multiple IRAs, student loans, and taxes (HELP!)
Replies: 28
Views: 1307

Re: Newly married: MFS, multiple IRAs, student loans, and taxes (HELP!)

Just got married and I'm stuck regarding the best path forward for us, because I believe we will be Married Filing Separately (MFS) for this year. Due to a very high student loan balance , I believe we will need the MFS status in order to take advantage of the various Income Based Repayment options...
by neurosphere
Tue May 09, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Spousal Benefits
Replies: 7
Views: 784

Re: Social Security - Spousal Benefits

I only spent about 10 second on this, so there is a good chance I'm not giving useful information. But there is this web page: https://www.ssa.gov/planners/retire/applying6.html Does any of the information apply? Do you know at what age your mother began to receive benefits? [edit: sorry, I see that...
by neurosphere
Sat May 06, 2017 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: 401k administrator requiring net worth
Replies: 40
Views: 2687

Re: 401k administrator requiring net worth

I see that this has been resolved, but this is what I had in mind for you: I would ask for their policy and/or consequences if they discover later that you lied. Ask them what the legal penalty is first. Will the IRS fine you? Can you be prosecuted for fraud? Who would you be defrauding? Would this ...
by neurosphere
Sat May 06, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Simple W4 Excel withholding calculator (to calculate exact dollar amount based on W4 inputs)
Replies: 13
Views: 819

Re: Simple W4 Excel withholding calculator (to calculate exact dollar amount based on W4 inputs)

You know, I didn't even test my spreadsheet against a real paystub.

I just tried it using my wife's job. The payroll provider is ADP. My spreadsheet matched the ADP withholding to within 2 cents. :D
by neurosphere
Sat May 06, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Simple W4 Excel withholding calculator (to calculate exact dollar amount based on W4 inputs)
Replies: 13
Views: 819

Re: Simple W4 Excel withholding calculator (to calculate exact dollar amount based on W4 inputs)

I will give it a try, but my husband's employer uses some weird formula of their own. I have tried to figure out how they are coming up with the amounts they withhold, but maybe I don't understand the IRS Pub. 15. See page 25 of pub 15a: https://www.irs.gov/pub/irs-pdf/p15a.pdf Other methods. You m...
by neurosphere
Sat May 06, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Student loan debt, PSLF, planning for future
Replies: 31
Views: 1956

Re: Student loan debt, PSLF, planning for future

Here's my loan info: LOAN/INTEREST %/PRINCIPAL/INTEREST Excluding the parents PLUS loans, and eyeballing the sub/unsub ratio and the interest rates I came up with some new calcs below. I don't have time to calculate a true weighted ave, but I don't think it changes the conclusions. Based on your sp...
by neurosphere
Sat May 06, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Student loan debt, PSLF, planning for future
Replies: 31
Views: 1956

Re: Student loan debt, PSLF, planning for future

Just to add our situation to the mix, my wife has $235k in student loan debt and we are on year six of IBR / PSLF. Payments are currently $650 / month. The advice given re: maxing out the 403b and filing taxes separately is spot on. FYI PSLF is written into your master promissory note and would tak...

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