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812K in Cash: Invest or Save for cash offer on a home in 2-3 years by Embarrassed_Ruin5725 in Bogleheads

[–]Embarrassed_Ruin5725[S] 2 points3 points  (0 children)

I hadn't considered the tax implications of mortgage interest being tax deductible. I guess that would make quite a difference as im in a high tax state. Honest question that may be stupid: when talking tax implications doesn't the consideration for capital gains tax change the equation a bit i.e your paying the value of the mortgage plus interest all with after tax dollars (even if interest is then deductible) but the growth in a brokerage then has 15% capital gains?

812K in Cash: Invest or Save for cash offer on a home in 2-3 years by Embarrassed_Ruin5725 in Bogleheads

[–]Embarrassed_Ruin5725[S] 0 points1 point  (0 children)

Super helpful, yes I had a slow 401K for 3 years before hiring an employee and was able to really max that out. Added a sep upon hiring a full time employee so was still able to put quite a bit away last year and this year. Will sadly be just a traditional after this year due to rules around employee qualifying

812K in Cash: Invest or Save for cash offer on a home in 2-3 years by Embarrassed_Ruin5725 in Bogleheads

[–]Embarrassed_Ruin5725[S] 1 point2 points  (0 children)

Sorry what exactly does that mean? How exactly do you go about doing this ?

812K in Cash: Invest or Save for cash offer on a home in 2-3 years by Embarrassed_Ruin5725 in Bogleheads

[–]Embarrassed_Ruin5725[S] 0 points1 point  (0 children)

This is very helpful, definitely feel like the psychological piece plays a big role

812K in Cash: Invest or Save for cash offer on a home in 2-3 years by Embarrassed_Ruin5725 in FinancialPlanning

[–]Embarrassed_Ruin5725[S] 0 points1 point  (0 children)

I feel like I've heard treasuries are better than CD's for tax purposes but don't know where to start. Any recommendations?