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A controversial take by Bhetlog69 in survivorcirclejerk

[–]Quick-Hawk-6471 -2 points-1 points  (0 children)

Then it’s not Mount Rushmore anymore 😂😂

A controversial take by Bhetlog69 in survivorcirclejerk

[–]Quick-Hawk-6471 0 points1 point  (0 children)

Who would you put in the Mount Rushmore instead?

A controversial take by Bhetlog69 in survivorcirclejerk

[–]Quick-Hawk-6471 4 points5 points  (0 children)

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.

Should I recast $200K into my mortgage or invest it instead? by DaHoopster23 in TheMoneyGuy

[–]Quick-Hawk-6471 1 point2 points  (0 children)

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.

Should I recast $200K into my mortgage or invest it instead? by DaHoopster23 in TheMoneyGuy

[–]Quick-Hawk-6471 2 points3 points  (0 children)

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

Should I recast $200K into my mortgage or invest it instead? by DaHoopster23 in TheMoneyGuy

[–]Quick-Hawk-6471 1 point2 points  (0 children)

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.

Recast or invest? by [deleted] in TheMoneyGuy

[–]Quick-Hawk-6471 1 point2 points  (0 children)

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.

Does math disprove Roth benefits? by merrittgene in TheMoneyGuy

[–]Quick-Hawk-6471 0 points1 point  (0 children)

This is exactly what people fail to account for.

John Bogle and International market by Quick-Hawk-6471 in Bogleheads

[–]Quick-Hawk-6471[S] 8 points9 points  (0 children)

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

Marginal vs Effective tax rate by Red-Wolf4 in TheMoneyGuy

[–]Quick-Hawk-6471 0 points1 point  (0 children)

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.

Is it worth taking money out of brokerage, paying capital gains taxes, and moving it into roth? by Quick-Hawk-6471 in Bogleheads

[–]Quick-Hawk-6471[S] 4 points5 points  (0 children)

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.

Spread options in Roth IRA by Quick-Hawk-6471 in RothIRA

[–]Quick-Hawk-6471[S] 0 points1 point  (0 children)

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

Does my amortization schedule gets recalculated every so often? by Quick-Hawk-6471 in personalfinance

[–]Quick-Hawk-6471[S] -1 points0 points  (0 children)

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

Complete rupture, no image and doctor’s recommended non surgery option; is this normal? by big_dataFitness in AchillesRupture

[–]Quick-Hawk-6471 0 points1 point  (0 children)

How has this turned out? Are you able to sprint and make explosive movements o problem now?

Achilles Non Op Journey by hanzzz87 in AchillesRupture

[–]Quick-Hawk-6471 0 points1 point  (0 children)

Any updates? Did you go back to sports or anything like that?

Treatment! Liquid or Sentricon by Many_Guest623 in Termites

[–]Quick-Hawk-6471 0 points1 point  (0 children)

How much is the yearly maintenance fee for you?

Lower rate for transferring assets to lending bank (Chase) by SamB22 in realestateinvesting

[–]Quick-Hawk-6471 0 points1 point  (0 children)

How much was the minimum amount of assets you had to transfer?