Originally posted by creekster
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The 2015 Market Crash
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"...you pointy-headed autopsy nerd. Do you think it's possible for you to post without using words like "hilarious," "absurd," "canard," and "truther"? Your bare assertions do not make it so. Maybe your reasoning is too stunted and your vocabulary is too limited to go without these epithets."
"You are an intemperate, unscientific poster who makes light of very serious matters.”
- SeattleUte
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The 2015 Market Crash
Originally posted by Northwestcoug View PostYou forgot about the part when Moli totally dissed JL's retirement account when he compared it to his Dad's.
Seriously, I am happy for Moli's dad. And it seems that Moli can throw caution to the wind when it comes to his retirement planning. If everything goes south, he can always inherit money from his old man!"There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creekster
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Originally posted by Applejack View PostI read it as a qualified statement of acceptability. Kind of like "any two bit hustler knows to do Monte Carlo simulations in order to assess risk. Even byu71 probably does this, right?"PLesa excuse the tpyos.
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Dang it you guys. Stop trying to turn my dear friend BYU71 against me!
Sent from my iPhone using Tapatalk"There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creekster
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For a late-30s professional guy with a decent chunk of student debt (aggressively repaying), how much cash is an appropriate amount to have in savings?
Between my employer's contributions and my 401k match, I get 22% of my annual salary and bonus deposited in retirement accounts, so I don't feel a ton of pressure there. I have about six months of salary in savings, and I keep grappling with the idea that I should use a big chunk to knock out some student loans that have 6.55 and 7.65 interest rates.
If you are me, do you pay down the debt and keep only emergency cash (3 months), or do I stick with 6 months? (Keep in mind: I've paid down around 90k in student loans the last three years, so I am making large, chunk payments; I just work in a volatile industry where I can go from superstar to unemployed with a ten dollar decrease in the price of crude).Jesus wants me for a sunbeam.
"Cog dis is a bitch." -James Patterson
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Originally posted by Green Monstah View PostFor a late-30s professional guy with a decent chunk of student debt (aggressively repaying), how much cash is an appropriate amount to have in savings?
Between my employer's contributions and my 401k match, I get 22% of my annual salary and bonus deposited in retirement accounts, so I don't feel a ton of pressure there. I have about six months of salary in savings, and I keep grappling with the idea that I should use a big chunk to knock out some student loans that have 6.55 and 7.65 interest rates.
If you are me, do you pay down the debt and keep only emergency cash (3 months), or do I stick with 6 months? (Keep in mind: I've paid down around 90k in student loans the last three years, so I am making large, chunk payments; I just work in a volatile industry where I can go from superstar to unemployed with a ten dollar decrease in the price of crude).
Do you have home equity? You could take out a line of credit and keep that ready in case of job loss. That would potentially justify reducing your stash of cash to a 3-month supply."There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creekster
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Originally posted by Jeff Lebowski View PostTough call. Six months would be a lot more comfortable, but would be nice to eliminate that interest more rapidly.
Do you have home equity? You could take out a line of credit and keep that ready in case of job loss. That would potentially justify reducing your stash of cash to a 3-month supply.
Edit: Didn't read the Dude's post closely in that he advises taking out a line of credit now rather than wait. I think that's good advice and would use those funds to pay down student debt and write it off on your taxes and keep personal savings at a 6-month supply. I think line of credits are tax deductible but am not certain since I'm using a regular mortgage/home equity to pay for college costs.Last edited by Paperback Writer; 03-03-2017, 09:46 AM.“Not the victory but the action. Not the goal but the game. In the deed the glory.”
"All things are measured against Nebraska." falafel
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Originally posted by Paperback Writer View PostOr perhaps use the home equity/line of credit to pay down student loans. As most know, mortgage interest is tax deductible. I faced a similar decision on how much to contribute to college 529 plans for my kids, how much to save for retirement, and how much to keep in savings in the event of job loss. Decided to refinance the mortgage and use the home equity to pay for kids college which reduced my taxes. One catch for using home equity/line of credit as a fallback in the event of job loss is that it is going to be difficult to get a loan if one is not employed."There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creekster
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Originally posted by Green Monstah View PostFor a late-30s professional guy with a decent chunk of student debt (aggressively repaying), how much cash is an appropriate amount to have in savings?
Between my employer's contributions and my 401k match, I get 22% of my annual salary and bonus deposited in retirement accounts, so I don't feel a ton of pressure there. I have about six months of salary in savings, and I keep grappling with the idea that I should use a big chunk to knock out some student loans that have 6.55 and 7.65 interest rates.
If you are me, do you pay down the debt and keep only emergency cash (3 months), or do I stick with 6 months? (Keep in mind: I've paid down around 90k in student loans the last three years, so I am making large, chunk payments; I just work in a volatile industry where I can go from superstar to unemployed with a ten dollar decrease in the price of crude).
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Originally posted by Jeff Lebowski View PostThat stat blows me away too. Take the match and then pull your money out in a few years with a penalty. You are still money ahead! Why would you pass up free money? I don't get it.Originally posted by myboynoah View PostYou can eat that marshmallow on the table in front of you right now, or if you wait five minutes, you'll get two marshmallows.
Boom bitches!Give 'em Hell, Cougars!!!
For all this His anger is not turned away, but His hand is stretched out still.
Not long ago an obituary appeared in the Salt Lake Tribune that said the recently departed had "died doing what he enjoyed most—watching BYU lose."
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The market of the beast:
https://www.bloomberg.com/news/artic...p-markets-wrap
Today, I'm glad I sold yesterday. We'll see if I still am in the coming weeks and months.
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Originally posted by beefytee View PostThe market of the beast:
https://www.bloomberg.com/news/artic...p-markets-wrap
Today, I'm glad I sold yesterday. We'll see if I still am in the coming weeks and months."There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creekster
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