Search found 4 matches
- Fri Oct 26, 2018 6:50 am
- Forum: Personal Finance (Not Investing)
- Topic: Student loans vs House down payment
- Replies: 16
- Views: 1381
Re: Student loans vs House down payment
Thanks for the additional input everyone. To clarify a few things, these were 10 year loans I started paying on in 2015 or 2016. The loans were originally $30k. I paid a fair chunk of them down aggressively with some savings right when I graduated. I plan on being with this employer for the foreseeable future so I would count on this $100/mo benefit until the loans are repaid. Regarding the house, my partner and I are targeting $20k each for 20% ($40k) down on a $200k house. I recognize that there are many more costs associated with purchasing a house aside from the down payment. We do have additional savings outside of this scope, and we also (somewhat confidently) plan on earning fairly higher salaries by the time the house comes along, b...
- Thu Oct 25, 2018 2:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: Student loans vs House down payment
- Replies: 16
- Views: 1381
Re: Student loans vs House down payment
Thanks all for your input! It’s nice hearing support for option A. Really, I ‘want’ to go with option A, but I feel silly for not maximizing my employer’s student loan assistance benefit (seems equivalent to leaving 401k match on the table). But yes, either way, this $1k/mo plus any extra windfalls/bonuses is strictly earmarked for either one of these two purposes. I already have 12 months of living expenses saved and currently setting aside 20% of my salary for retirement (including employer contributions). If anyone else has differing opinions, I’m all ears!
- Thu Oct 25, 2018 2:05 pm
- Forum: Personal Finance (Not Investing)
- Topic: Student loans vs House down payment
- Replies: 16
- Views: 1381
Student loans vs House down payment
Bogleheads: Hello! Long time lurker, first time poster... I'd like to get some input on my thought process here, with regards to repaying my student loans and saving for a house. Approximate figures below- Student loan debt: $15,000 Minimum monthly payment: $200 Interest: ranges from 3.6% - 4.8% (let's call it an average of 4%) House down payment goal: $20,000 Savings vehicle: Cash yielding about 2% I'm working with about $1,000 per month to direct towards one of these goals, plus a roughly $5,000 bonus each year from work. I will be looking to purchase the house within 2-3 years. I would ideally like to have the down payment saved AND student loans repaid by this point in time, although having the loans repaid isn't 100% necessary. Realist...
- Mon Sep 17, 2018 11:07 am
- Forum: Investing - Theory, News & General
- Topic: A Question [about Vanguard's asset allocation recommendations]
- Replies: 11
- Views: 1661
Re: A Question for the Bogleheads
I predict Vanguard's ultimate endgame will be recommending a global market cap weighted portfolio (like OP alluded to, something like VT and BNDW). This doesn't necessarily mean an even 50/50 split, however, the global stock market is currently pretty close to 50/50 US/int'l and I believe the same is true for global bond markets (I may be wrong about that). Maybe at some point they will transition the target date and lifestrategy funds from the four 'total US' and 'total international' funds to two 'total world' funds, but they don't necessarily need to do that unless it were to make sense from a cost perspective. I'd imagine their reasoning behind shifting to global market weights would be a diversification argument, so as to not overweigh...