Search found 24 matches

by te5486a
Tue Mar 21, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Loan for First Time Homebuyer
Replies: 32
Views: 1245

Re: TSP Loan for First Time Homebuyer

Your fiancé's income as a first year attorney seems low, especially given her debt load. What are her longer term career plans? That may impact where you'd like to live. If she can get a big law job it would be a big resume boost for when she later sought a job in the federal govt. Honestly, just m...
by te5486a
Tue Mar 21, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Loan for First Time Homebuyer
Replies: 32
Views: 1245

Re: TSP Loan for First Time Homebuyer

I took out a TSP residential loan to purchase my first condo. Then I took out a TSP general loan to earn 5% FDIC insured in taxable and ensure I could max my TSP contributions (every year since 2012). Then I paid back my TSP general loan early with the intention of either living off the equity of m...
by te5486a
Tue Mar 21, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Loan for First Time Homebuyer
Replies: 32
Views: 1245

Re: TSP Loan for First Time Homebuyer

Roth contributions can be withdrawn tax free, but earnings on those contributions are subject to a penalty. How much of the $62k in Roth is from contributions? It seems you would be comparing a 0% loan on your Roth, with more flexible timing, to a ~2% loan with your TSP, with timing extendable up t...
by te5486a
Tue Mar 21, 2017 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Loan for First Time Homebuyer
Replies: 32
Views: 1245

Re: TSP Loan for First Time Homebuyer

You are not stuck with the two choices of awful below market rental vs overextending to buy. You can choose to move into decent market rate rental digs. What would the impact be on your savings/loan repayment rate of the increased rent? I bet it's lower than the impact of mortgage plus taxes and ma...
by te5486a
Tue Mar 21, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: TSP Loan for First Time Homebuyer
Replies: 32
Views: 1245

Re: TSP Loan for First Time Homebuyer

You are not stuck with the two choices of awful below market rental vs overextending to buy. You can choose to move into decent market rate rental digs. What would the impact be on your savings/loan repayment rate of the increased rent? I bet it's lower than the impact of mortgage plus taxes and ma...
by te5486a
Tue Mar 21, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: TSP Loan for First Time Homebuyer
Replies: 32
Views: 1245

Re: TSP Loan for First Time Homebuyer

What happens if you can't / don't repay the TSP loan? Biggest downside here other than time out of market (assuming you can afford to borrow from your retirement accounts in the first place) is that you run into a job / health hiccup and your financial problems impact your retirement savings. I'd p...
by te5486a
Tue Mar 21, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: TSP Loan for First Time Homebuyer
Replies: 32
Views: 1245

Re: TSP Loan for First Time Homebuyer

Maybe the home buying should wait for a bit, and you guys focus on the wedding, paying down the debt, and find a better place to rent for a while? You will qualify for more home without her student loans around anyway. Not everything has to be done at once. That's certainly an option. It just bothe...
by te5486a
Tue Mar 21, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: TSP Loan for First Time Homebuyer
Replies: 32
Views: 1245

Re: TSP Loan for First Time Homebuyer

Are either of you veterans? The VA loan would allow little to zero down and no PMI. Lots of good threads on BH about home buying. If you search, there will be plenty of reading for you here alone. This is a good one too with lots of reading in the questions and articles.... m Thank you - no, we are...
by te5486a
Tue Mar 21, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: TSP Loan for First Time Homebuyer
Replies: 32
Views: 1245

Re: TSP Loan for First Time Homebuyer

1. You have more than $50K in the G fund now, but say you have a concern that loan money will not be in the market compounding. Why haven't you at least moved the $45K above the loan limit out of G and into something else? The current G fund allocation reflects a 20% allocation to Bonds and in addi...
by te5486a
Tue Mar 21, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: TSP Loan for First Time Homebuyer
Replies: 32
Views: 1245

Re: TSP Loan for First Time Homebuyer

We have both the wedding and the house down payment as major upcoming expenses. We're working together on a budget, but I do not anticipate being able to not touch any of the retirement accounts. My fiancée is saddled with significant student loan debt from law school at ~$100k. Her income pre-tax i...
by te5486a
Tue Mar 21, 2017 9:06 am
Forum: Investing - Help with Personal Investments
Topic: TSP Loan for First Time Homebuyer
Replies: 32
Views: 1245

Re: TSP Loan for First Time Homebuyer

Added income. A down payment is estimated to be more than $50k (more likely $100k) for a home in the DC area while also avoiding PMI.
by te5486a
Tue Mar 21, 2017 8:40 am
Forum: Investing - Help with Personal Investments
Topic: TSP Loan for First Time Homebuyer
Replies: 32
Views: 1245

TSP Loan for First Time Homebuyer

Income: ~$125,000.00 a year. Emergency funds: Three months of expenses (Federal Employee) Debt: None Tax Filing Status: (Single, wedding planned for the Spring of 2018) Tax Rate: 25% Federal, 8.5% State State of Residence: Washington DC Age: 29 Desired Asset allocation: 80% stocks / 20% bonds Desire...
by te5486a
Sun Jun 16, 2013 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 299
Views: 59015

Re: What age did you reach 100K networth?

I hit 100K in early February of this year at 25 years of age. Decent job, living below my means, this forum, and a bull market all helped. :sharebeer
by te5486a
Tue Jan 29, 2013 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: IRS - Forgot to Pay Federal Taxes
Replies: 34
Views: 2751

Re: IRS - Forgot to Pay Federal Taxes

Thank you all for the posts. I forwarded this thread to my buddy, and he was very appreciative!
by te5486a
Tue Jan 29, 2013 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: IRS - Forgot to Pay Federal Taxes
Replies: 34
Views: 2751

Re: IRS - Forgot to Pay Federal Taxes

Can an Admin please move this to the Personanl Finance Sub-forum? Thank you.
by te5486a
Tue Jan 29, 2013 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: IRS - Forgot to Pay Federal Taxes
Replies: 34
Views: 2751

IRS - Forgot to Pay Federal Taxes

Long story short. My buddy has not paid federal taxes during the entire year on his income. He either forgot to check a box or their was a computer glitch. He expects to owe approximately $10k and expects to receive a minimal state refund. What is his best course of action? He's concerned about inte...
by te5486a
Wed Nov 14, 2012 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Allocation - 25 year old (Bonds, SCV, REITS)
Replies: 5
Views: 875

Re: Investment Allocation - 25 year old (Bonds, SCV, REITS)

Johm221122 wrote:A little aggressive but good,I like G fund for bonds and F fund is also great choice
A written investment plan may help
http://www.bogleheads.org/wiki/Investme ... _Statement
Hope this bumps you up
John


Thank you. I will work on this.
by te5486a
Wed Nov 14, 2012 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Allocation - 25 year old (Bonds, SCV, REITS)
Replies: 5
Views: 875

Re: Investment Allocation - 25 year old (Bonds, SCV, REITS)

Thank you very much for the advice. I agree that maintaining asset allocation between the Roth and TSP may be difficult given due to the additional contributions.
by te5486a
Fri Nov 09, 2012 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Allocation - 25 year old (Bonds, SCV, REITS)
Replies: 5
Views: 875

Investment Allocation - 25 year old (Bonds, SCV, REITS)

Emergency funds: Three to six months of expenses (Looking to boost this to 6 months – Vested Federal Employee) Debt: No credit card debt, car loan, or mortgage. I owe approximately $55,000 to my parents for school. They took out a home equity line of credit at 2-3% (I believe it’s variable). Two mon...
by te5486a
Sat Jul 30, 2011 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for Graduate School (Halfway through)
Replies: 4
Views: 999

Paying for Graduate School (Halfway through)

For the last 2 and a half years I have been enrolled in Georgetown's Master in Professional Studies Real Estate Program and I have completed five of the ten classes. I have been on a part-time basis since I work full-time for the federal government. They have been generous enough to pay for one work...
by te5486a
Wed Jun 22, 2011 8:07 pm
Forum: Local Chapters and Bogleheads Community
Topic: Archived master thread for Washington DC Area Bogleheads
Replies: 174
Views: 70090

Please add me to your mailing list.
by te5486a
Thu Apr 01, 2010 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice for 23 yr old
Replies: 33
Views: 4581

Skip the bonds till you're 30.
by te5486a
Sun Feb 28, 2010 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Allocation
Replies: 2
Views: 659

If I was sell some of the coins, I may reduce the "investment" PCGS MS69 eagles and hold my collectible coins for a longer period of time.

I could either add to my roth and contribute more to my TSP.

Or save for law school/house? yikes.
by te5486a
Sun Feb 28, 2010 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Allocation
Replies: 2
Views: 659

Investment Allocation

I'm 22 years old and work for the Federal Government. I owe 40,000 to my parents for college (they took out a HELOC prime rate - very low ) and 8,000 in Federal loans (fixed 6.8%-ouch). I've been paying both back steadily $300 a month to my parents and $200 towards the federal loans. The federal loa...