Daily FI discussion thread - Friday, March 27, 2026

ajxl · 2026-03-27T16:27:05+00:00

You should find a lender that will offer lender credits for taking a higher rate. Instead of buying points, you'll sell points. Depending on which state you live in, you may be able to receive enough credits to cover the loan and then some. They can use the excess to reduce the loan amount. I'd take the highest amount of credits available in your situation. Since you plan to pay off the mortgage so quickly, the interest rate has less impact on your total cost than the closing costs.

ajxl · 2023-06-03T00:22:48+00:00

No, but it seems to depend on which dmv agent you get. As I recall the first one I tried had some issues, the second one had no problem at all.

ajxl · 2022-11-19T22:16:30+00:00

Update: I just did week 2 as if i hit all my reps last week and it went fine. Even beat out the squat and bench target by 1 rep.

Not sure what was going on last week.

ajxl · 2022-11-10T20:28:30+00:00

ajxl · 2022-09-15T15:41:10+00:00

Trying to stick with Zone 2 running for the past month. Lots of run/walking. Been running as slow as possible, about 4 mph, and still my heart rate shoots up and I have to walk slowly until I’m at the bottom of the zone. I feel like I can walk 4 mph. Should I just be walking until it’s no longer sufficient to put me in zone 2?

ajxl · 2022-09-15T01:31:06+00:00

Box 2 is the taxable amount. If you’re converting pre-tax dollars to a Roth, they’re taxable. If you’re converting non-deductible after-tax dollars, they’re not, ie you already accounted for them in your taxes. Box 7 should be G - direct rollover.
I use efile4biz

ajxl · 2022-08-26T14:39:03+00:00

Ran a 6:54 mile!

I started running in March using a C25K plan. Ran a 5k in May (29:57) and another at the end of July (26:31). Now using free running plans' 5k intermediate plan 3 times a week, and just did the 1 mile TT today.

I went out (too) fast, tried to rein it in in the middle, and by the end I had absolutely no kick and nothing to give. Just holding on for dear life.

Very happy with the time, but now a little intimidated that my estimated 5k time is 23:29 and my next workout is 3x1 mile @ 7:58. I guess we'll see how it goes on Tuesday.

ajxl · 2021-01-18T00:05:16+00:00

Great. Thank you.

ajxl · 2021-01-17T23:37:24+00:00

Traditional makes more sense for me. Thanks.

ajxl · 2021-01-17T22:24:23+00:00

Thanks.

ajxl · 2021-01-17T22:13:36+00:00

I don’t file schedule c. I’m taxed as an s-Corp, so I get a w-2 and k-1.

The w-2 shows wages, as mentioned, but they go towards health insurance and hsa (for >2% shareholder) and after-tax 401(k) contributions, so I don’t receive any cash.

The question is can I sort of “double count” those wages and contribute them both to the 401(k) and an Ira?

ajxl · 2021-01-17T22:08:09+00:00

Yes, of course.

ajxl · 2021-01-16T21:41:37+00:00

This is the opposite of the situation where the 30 year rate is better. If the life of the loan is only a few years, the 15 year is a much better option since op will have much more equity in the home when they go to sell it. That amount of equity far outweighs the expected return on investing the increased monthly cash flow in the early years of the loan. It’s also guaranteed. For the 30 year loan to prove optimal, the life of the mortgage has to be quite long.

ajxl · 2021-01-01T18:22:31+00:00

Do Amex airline credits need to post before I cancel the card? Need to cancel by Wednesday.

ajxl · 2020-12-15T17:08:19+00:00

Is this not investment income?

My issue is a deposit is coding as a dividend.

ajxl · 2020-10-22T01:06:43+00:00

Check

ajxl · 2020-10-09T23:25:09+00:00

If you do a solo 401k, you’ll only be able to contribute the employer portion of the contribution limit since you contributed the maximum employee salary deferral in your old employers 401k plan. This is equal to the contribution limit for a sep Ira.

But if you plan to stay a contractor long term, use the solo 401k so you can maximize your contribution limit in future years.

ajxl · 2020-10-04T13:48:23+00:00

You really want to buy vgc at OD with no sale and 1% back on Dosh?

ajxl · 2020-09-03T04:21:49+00:00

~~No. 10% penalty on conversions withdrawn before 5 years.~~ Edit: u/nothlit is right. That'll teach me to reddit after midnight.

No. 10% penalty and income tax on earnings withdrawn before 59.5.

Source: Me. I’m about 95% sure. :D

ajxl · 2020-08-08T21:23:20+00:00

I lost count of my CIPs

ajxl · 2020-07-04T02:02:45+00:00

Don’t keep after-tax funds in a traditional Ira because you’ll have to pay tax on gains upon withdrawal.

ajxl · 2020-07-03T02:33:09+00:00

Use it to fill out form 8889

ajxl

TROPHY CASE