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equalizer.
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April 12, 2011 at 11:39 AM #686926April 12, 2011 at 3:23 PM #685834
UCguy
ParticipantSigh….
It seems to make more sense to wait at least 2 more years maybe 3 tops….until so we can put 20% (and be under 417K).That is how I am thinking of a middle ground compromise.
How I will come up with that 20%: well, I want to have some cash on hand so I will probably borrow 5% from 401k (30K), preferably from less riskier one (the 403b0, AND make sure I have AT LEAST THAT MUCH left in cash, if not more. So, I need to save ~50K or 25K a year.
We have already reduced the 403b contribution to a minimum (because of no more matching in UCSD), on the other hand I will continue to contribute to my 401k 6% (the company will match 3%) – so I won’t max it out anymore.
The upside of this wait is that in a couple of years it would be hopefully a more normal market, with tighter rules, and lower home prices…I never thought it would take this long though, so who knows how long this still has to unfold….
April 12, 2011 at 3:23 PM #685888ParticipantSigh….
It seems to make more sense to wait at least 2 more years maybe 3 tops….until so we can put 20% (and be under 417K).That is how I am thinking of a middle ground compromise.
How I will come up with that 20%: well, I want to have some cash on hand so I will probably borrow 5% from 401k (30K), preferably from less riskier one (the 403b0, AND make sure I have AT LEAST THAT MUCH left in cash, if not more. So, I need to save ~50K or 25K a year.
We have already reduced the 403b contribution to a minimum (because of no more matching in UCSD), on the other hand I will continue to contribute to my 401k 6% (the company will match 3%) – so I won’t max it out anymore.
The upside of this wait is that in a couple of years it would be hopefully a more normal market, with tighter rules, and lower home prices…I never thought it would take this long though, so who knows how long this still has to unfold….
April 12, 2011 at 3:23 PM #686512ParticipantSigh….
It seems to make more sense to wait at least 2 more years maybe 3 tops….until so we can put 20% (and be under 417K).That is how I am thinking of a middle ground compromise.
How I will come up with that 20%: well, I want to have some cash on hand so I will probably borrow 5% from 401k (30K), preferably from less riskier one (the 403b0, AND make sure I have AT LEAST THAT MUCH left in cash, if not more. So, I need to save ~50K or 25K a year.
We have already reduced the 403b contribution to a minimum (because of no more matching in UCSD), on the other hand I will continue to contribute to my 401k 6% (the company will match 3%) – so I won’t max it out anymore.
The upside of this wait is that in a couple of years it would be hopefully a more normal market, with tighter rules, and lower home prices…I never thought it would take this long though, so who knows how long this still has to unfold….
April 12, 2011 at 3:23 PM #686654ParticipantSigh….
It seems to make more sense to wait at least 2 more years maybe 3 tops….until so we can put 20% (and be under 417K).That is how I am thinking of a middle ground compromise.
How I will come up with that 20%: well, I want to have some cash on hand so I will probably borrow 5% from 401k (30K), preferably from less riskier one (the 403b0, AND make sure I have AT LEAST THAT MUCH left in cash, if not more. So, I need to save ~50K or 25K a year.
We have already reduced the 403b contribution to a minimum (because of no more matching in UCSD), on the other hand I will continue to contribute to my 401k 6% (the company will match 3%) – so I won’t max it out anymore.
The upside of this wait is that in a couple of years it would be hopefully a more normal market, with tighter rules, and lower home prices…I never thought it would take this long though, so who knows how long this still has to unfold….
April 12, 2011 at 3:23 PM #687005ParticipantSigh….
It seems to make more sense to wait at least 2 more years maybe 3 tops….until so we can put 20% (and be under 417K).That is how I am thinking of a middle ground compromise.
How I will come up with that 20%: well, I want to have some cash on hand so I will probably borrow 5% from 401k (30K), preferably from less riskier one (the 403b0, AND make sure I have AT LEAST THAT MUCH left in cash, if not more. So, I need to save ~50K or 25K a year.
We have already reduced the 403b contribution to a minimum (because of no more matching in UCSD), on the other hand I will continue to contribute to my 401k 6% (the company will match 3%) – so I won’t max it out anymore.
The upside of this wait is that in a couple of years it would be hopefully a more normal market, with tighter rules, and lower home prices…I never thought it would take this long though, so who knows how long this still has to unfold….
April 12, 2011 at 4:22 PM #685844scaredyclassic
ParticipantWill your wife be mad?
My wife likes me more now that I bought a house.
April 12, 2011 at 4:22 PM #685898ParticipantWill your wife be mad?
My wife likes me more now that I bought a house.
April 12, 2011 at 4:22 PM #686522ParticipantWill your wife be mad?
My wife likes me more now that I bought a house.
April 12, 2011 at 4:22 PM #686664ParticipantWill your wife be mad?
My wife likes me more now that I bought a house.
April 12, 2011 at 4:22 PM #687015ParticipantWill your wife be mad?
My wife likes me more now that I bought a house.
April 12, 2011 at 4:34 PM #685849ParticipantMan, do you really have to rub it in? Of course she will be mad.
April 12, 2011 at 4:34 PM #685903ParticipantMan, do you really have to rub it in? Of course she will be mad.
April 12, 2011 at 4:34 PM #686527ParticipantMan, do you really have to rub it in? Of course she will be mad.
April 12, 2011 at 4:34 PM #686669ParticipantMan, do you really have to rub it in? Of course she will be mad.
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