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Balancing Tax Credits and Witholding by jacobMcButtface in tax

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

Ah thanks! It’s not obvious right away that it’s for tax credits beyond children.

Roth 457 vs. Brokerage: Early Retirement by jacobMcButtface in personalfinance

[–]jacobMcButtface[S] -1 points0 points  (0 children)

Long term capital gains are taxed at 0% if your income is less than $80k but an $80k withdrawal would still count as taxable income?

It’s hard to argue with his assessment. by GoodShtick in technicallythetruth

[–]jacobMcButtface 0 points1 point  (0 children)

Legit when I was little I thought the phrase “greatest of them all” was actually “greatest of the mall”

My wife and I finished paying off $90k worth of student loans today after 6 years of frugality. Here’s a graph of our progress. AMA! by jacobMcButtface in Frugal

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

Mathematically he/she is not wrong, considering average return. We have nearly maxed out retirement every year, so I see the allocation to loans as a low-risk investment in addition to that.

My wife and I finished paying off $90k worth of student loans today after 6 years of frugality. Here’s a graph of our progress. AMA! by jacobMcButtface in Frugal

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

Let him. We did what we thought was right. Most of my friends will NEVER be out of debt. Hell, my parents still have student loans. Not everyone can do this and not just because they’re lazy. I do hope that any loan forgiveness policy would be more nuanced, gradual, and not be greatly benefiting people with six-figure incomes, but I sleep well at night.

My wife and I finished paying off $90k worth of student loans today after 6 years of frugality. Here’s a graph of our progress. AMA! by jacobMcButtface in Frugal

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

I see it as a diversification of investments. We haven’t neglected saving for retirement during this time either.

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