Forum Replies Created
-
AuthorPosts
-
New Guy
ParticipantThis is the link for the safety classes you want. I recently signed up.
ParticipantThis is the link for the safety classes you want. I recently signed up.
ParticipantThis is the link for the safety classes you want. I recently signed up.
ParticipantThis is the link for the safety classes you want. I recently signed up.
ParticipantThis is the link for the safety classes you want. I recently signed up.
ParticipantI agree with most of the responses. My point is that if someone buys a home in 3-4 years (i.e., at “corrected” prices)with my scenario, housing is a great investment over the long term. The cyclical gains and losses will yield an average rate of return of about 4% over time.
ParticipantI agree with most of the responses. My point is that if someone buys a home in 3-4 years (i.e., at “corrected” prices)with my scenario, housing is a great investment over the long term. The cyclical gains and losses will yield an average rate of return of about 4% over time.
ParticipantI agree with most of the responses. My point is that if someone buys a home in 3-4 years (i.e., at “corrected” prices)with my scenario, housing is a great investment over the long term. The cyclical gains and losses will yield an average rate of return of about 4% over time.
ParticipantAnother vehicle to be considered and is relatively new is the Roth 401(k). It works very similar to a Roth IRA with a few exceptions. The Roth 401(k) is issued through your employer and is NOT subject to income restrictions like a Roth IRA (i.e. individual income max of $108K or whatever the threshold is).
An employee can also contribute up to $15,500 of after tax dollars to this account which grows untaxed throughout its life and is untaxed at withdrawal exactly like a Roth IRA (assuming you withdraw at 59.5 or later).
An employee can contribute to both a traditional 401(k) and a Roth 401(k) however the total of the two accounts can not exceed $15,500.
Most employers do not yet offer this but it is becoming increasingly popular. In fact my employer is introducing the plan effective 1/1/08. I would would recommend pushing your human resources to offer this vehicle as it offers amazing tax saving potential.
ParticipantAnother vehicle to be considered and is relatively new is the Roth 401(k). It works very similar to a Roth IRA with a few exceptions. The Roth 401(k) is issued through your employer and is NOT subject to income restrictions like a Roth IRA (i.e. individual income max of $108K or whatever the threshold is).
An employee can also contribute up to $15,500 of after tax dollars to this account which grows untaxed throughout its life and is untaxed at withdrawal exactly like a Roth IRA (assuming you withdraw at 59.5 or later).
An employee can contribute to both a traditional 401(k) and a Roth 401(k) however the total of the two accounts can not exceed $15,500.
Most employers do not yet offer this but it is becoming increasingly popular. In fact my employer is introducing the plan effective 1/1/08. I would would recommend pushing your human resources to offer this vehicle as it offers amazing tax saving potential.
ParticipantI work in the insurance brokerage industry.
ParticipantI work in the insurance brokerage industry.
ParticipantThe credit card/rewards thing was just an idea I had. I have no credit card debt at all, my schooling has been paid off, and my wife and I are currently renting. My intent was to pay off all my debt and possibly gain the rewards points in the process.
I am in a position where I could pay off my car loan which carries a 6.25% interest rate and still have a substantial savings. However, it makes sense to not deplete my savings too much. Maybe the best thing to do is to pay off my car loan in the next 12 months with 4 large quarterly payments.
ParticipantThanks for your thoughts. I advised my friend to stay away from this agent when he told me about the situation but I’m not sure what he’ll end up doing. It’s a shame that people resort to these sorts of tactics and by association give the good, honest people in the industry a bad name.
In terms of the agent’s name, I’m not sure. I’ll ask my friend when I see him this weekend.
-
AuthorPosts