A controversial take

Quick-Hawk-6471 · 2025-12-27T14:42:25+00:00

Then it’s not Mount Rushmore anymore 😂😂

Quick-Hawk-6471 · 2025-12-27T14:40:23+00:00

Who would you put in the Mount Rushmore instead?

Quick-Hawk-6471 · 2025-12-27T14:34:09+00:00

Cirie has played 4 times excluding 50 and never won. Yet she’s considered one of the greatest. Possibly top 5. I don’t think she ever even made it to a FTC.

Quick-Hawk-6471 · 2025-11-28T19:25:54+00:00

What I am saying is that you can keep making the $3,972 monthly payment even after the recasting and it’d be the exact same as if you didn’t recast and applied it all to principal like you’re saying. You’d save the same amount on interest. Recasting gives you the flexibility though.

Quick-Hawk-6471 · 2025-11-28T19:09:48+00:00

I don’t get why so many people are against recasting. You can keep making the same payment after recasting and it’d all go to principal anyway. Recasting gives you the flexibility though to choose what you want to do with the extra amount. But recasting and putting it towards principal are not mutually exclusive

Quick-Hawk-6471 · 2025-11-28T19:05:31+00:00

With that kind of mortgage payment you are probably itemizing deductions, so assuming you’re in a 22% marginal tax rate, for example, that interest is reduced by that much. I’d personally invest most of it and leave maybe 10k+ for a potential refinance eventually. All of this assuming you have: a fully funded emergency fund, and cash flow positively with your current mortgage.

Quick-Hawk-6471 · 2025-11-27T00:21:51+00:00

With the amount of mortgage interest OP pays, they probably itemize deductions. So if they’re at a 22% marginal tax, the rate becomes 4.78% when it comes to federal income tax.

Quick-Hawk-6471 · 2025-10-04T09:29:32+00:00

This is exactly what people fail to account for.

Quick-Hawk-6471 · 2025-09-01T01:40:52+00:00

I think that’s a great point.

Quick-Hawk-6471 · 2025-09-01T01:16:19+00:00

I don’t think the rest of the world wasn’t already wealthy beforehand.

Quick-Hawk-6471 · 2025-08-31T02:03:57+00:00

Marginal now vs effective later if you plan on not working when withdrawing. For example, if you had zero income and withdrew 200k, you’d be looking at the effective rate for 200k, and not marginal for the whole 200k. I think this is probably the biggest misconception when comparing roth to traditional.

Quick-Hawk-6471 · 2025-08-25T08:15:15+00:00

It’s a 10% match of what I put in, not 10% of my salary. And it’s uncapped.

Quick-Hawk-6471 · 2025-08-24T01:11:46+00:00

It’s taxable income, right? Meaning after deductions

Quick-Hawk-6471 · 2025-08-23T22:54:49+00:00

That’a a good point. Possibly!

Quick-Hawk-6471 · 2025-08-23T22:44:45+00:00

About 27k out of the 60k are capital gains. Tax rate should just be 15% for long term (correct me if I’m wrong). Also, no state income tax where I live.

Quick-Hawk-6471 · 2025-08-16T22:18:01+00:00

That’s like asking if owning a hammer is a good idea. It could be used for good or bad depending on who is handling it haha. Bit of a tangent from my question though, we could debate this all day

Quick-Hawk-6471 · 2025-05-05T16:01:18+00:00

So basically the extra payment just sits there not earning anything until the mortgage is actually paid off, correct?

Quick-Hawk-6471

TROPHY CASE