Search found 8 matches

by NathanDH
Tue Jul 10, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: 30 Year vs 15 Year Mortgage
Replies: 79
Views: 4755

Re: 30 Year vs 15 Year Mortgage

It sounds like the general consensus is that we should go with a 30 year mortgage. Pay off as a 15 year, the extra interest is simply a penalty for flexibility. What about the idea of paying it over 30 years and putting the difference of what a 15 year payment would be into a taxable investment acco...
by NathanDH
Tue Jul 10, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: 30 Year vs 15 Year Mortgage
Replies: 79
Views: 4755

Re: 30 Year vs 15 Year Mortgage

Sorry, I should have made it clear that we are already maxing out retirement. 6 Month emergency fund. Enough for 20% down payment and closing costs. Also, very stable job. Employer pays for long-term disability. I guess I am just wondering if it is worth the small savings in interest. Or am I missi...
by NathanDH
Tue Jul 10, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: 30 Year vs 15 Year Mortgage
Replies: 79
Views: 4755

Re: 30 Year vs 15 Year Mortgage

OP, 1) What is your portfolio size in relationship to the house price? Portfolio currently $250k 2) How old are you? 30 3) When will you retire? Goal is to have the funds to retire in 15 years. However, I will continue to work. I love what I do and will likely work part-time to cover living expense...
by NathanDH
Tue Jul 10, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: 30 Year vs 15 Year Mortgage
Replies: 79
Views: 4755

Re: 30 Year vs 15 Year Mortgage

Sorry, I should have made it clear that we are already maxing out retirement. 6 Month emergency fund. Enough for 20% down payment and closing costs. Also, very stable job. Employer pays for long-term disability. I guess I am just wondering if it is worth the small savings in interest. Or am I missin...
by NathanDH
Tue Jul 10, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: 30 Year vs 15 Year Mortgage
Replies: 79
Views: 4755

30 Year vs 15 Year Mortgage

Good morning, We are relocating very soon. I am looking into getting pre-approved for a mortgage in the near future. My wife and I are trying to make the decision between a 30 and 15 year mortgage. I guess I am just not sure what all factors I should be considering and I am looking for advice. Me: S...
by NathanDH
Fri Aug 04, 2017 5:02 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Allocation and Help with Self Employed Retirement
Replies: 4
Views: 480

Re: Portfolio Allocation and Help with Self Employed Retirement

Paul, I have been invested before. I took it out to help cash flow school. I had it in a fidelity target date fund. I believe it was 95/5 or 90/10 at the time and I barely watched it. I understand I still have a long time horizon, so I am not worried about volatility. The main reason for the post is...
by NathanDH
Fri Aug 04, 2017 4:49 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Allocation and Help with Self Employed Retirement
Replies: 4
Views: 480

Re: Portfolio Allocation and Help with Self Employed Retirement

Just an observation. $80K salary on $200K - $250K in net business profit seems woefully inadequate as reasonable compensation. It was salary based on my current position which was part time. 4 days per week with 6 weeks vacation. Additionally there are CE costs, insurance, etc. I have considered go...
by NathanDH
Thu Aug 03, 2017 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Allocation and Help with Self Employed Retirement
Replies: 4
Views: 480

Portfolio Allocation and Help with Self Employed Retirement

Emergency funds: ~9 months living expenses Debt: Mortgage on rental property (Was primary home, then relocated), the rental income covers all costs associated with this property. Tax Filing Status: Married Filing Jointly Tax Rate: 28% Federal, 0% State - Hopefully much less with retirement contribut...