plus colonel_forbin if you get in a pinch you can take your CONTRIBUTIONS out of a Roth tax free (since you payin tax goin in)
yep. bullshit. IRS penalizes you if you make more, even though you are paying MORE in taxes on your increased income. fuck that shit when you're payin 30k a year to the govt making money off my ass while deadbeat snowflakes run off to europe to escape student debt. they make a shit ton off me and my wife and it sucks
Man do I have this gripe as well. They have got to raise the limit for those who get advanced degrees. Maybe the supposed student loan bubble pops one day and they'll visit this.
It sounds like Roth is the right decision regardless, but would you still say Roth if I made over $80k and won't be able to claim any deduction for student loan interest? I do not have access to a retirement plan through my employer.
Looking through some old underwriting today, Fannie Mae's DUS 10 yr loan was 4.29% in April and now its 5.02%, up 73 bps. It's based off 10T.
I use Wealthfront for mine and like it. PM for referral code if that's what you land on. I have nothing else to add that others haven't said already.
Yes, bought in right before they killed earnings. Then sold off post earnings, decided to re-up right around 91, been a good ride.
Nice. I bought it when it was in the mid 20s a while back and have held on to it since. These past few months have been quite nice. I'm just thinking on how to play it, whether cash out fully or how/what to reinvest. It's a small amount shares though, just want to see if most analysts are expecting it to continue on this up swing or if now is the right time to get out. Do you have any good reading material on NVIDIA?
I figured I would hold on till the next earnings, I like their expansion into automobiles and deep learning/machine learning and believe there is obviously potential growth in those sectors. I just don't know how long gaming can keep going strong.
I worded that poorly; you'll be limited to a $5,500 IRA contribution max regardless. But you'd definitely be able to deduct the $5,500 since you aren't offered a plan through an employer. If you were, the deduction starts to phase out at $61k and is fully phased out at $71k. Point stands though that Roth is the way to go.
So the majority of my loans range from 6.55% to 7.65%. If I'm doing the math right, I'd be between 5 to 5.75% after-tax rate on the interest. It's looking like I won't be able to deduct any student loan interest based on income. So would I be better off paying down the loan?
If you can't deduct the interest then the rest of the equation doesn't matter. You would be multiplying 0 (no deductibility) by your marginal tax rate which is going to leave you with a 0. 6.55% * (1-0) = 6.55% (to 7.65%). You can consider any early debt repayment as investing at that rate with no risk because you know that principal reduction will save you that much money per year in the future. I would focus primarily on paying down the debt with the highest interest rate first because 7.65% is a very high risk-free rate and to beat that in the markets you'll have to take on much greater risk. I am a big proponent of Roth IRA so if you want to get started there go ahead but it should come secondary to the 7.65%.
I've got a pretty big student loan I'm paying down as well. I view paying off that loan as a form of investing (similar to what Rabid just said) so I only have retirement accounts through my employer, although I am fairly spoiled with my company's benefits so I'm in a more unique situation. I try to pay extra towards my loan as much as possible. I can't wait to get that damn thing paid off
You need to refinance your loans ASAP. I used SoFi and they're great. There are a lot of options out there.
Is this easy to do? I have no student loan debt but gf has quite a bit left. I'd prefer this not become my responsibility eventually to the extent I can avoid it. She's not particularly financial-savvy so I'd need to run point on it.
Yeah, it's pretty easy as long as you have proof of income and a couple other forms that they will ask you to upload. They will walk you through it if you have any problems.
What these guys said, but if they're federal loans you have to consider if you want to give up the federal protections like having the option to put them in forbearance if you hit a rough patch.
Selfishly I'd love if the $2500 cap on student load interest deduction was elevated considering my wife paid $10,800 in interest last year
What in the world, how? I'm more in the camp that the income limits need to be raised as opposed to the deduction limit
My wife's parents suck. They got divorced her senior year in HS and couldn't afford to pay for college, but let her go to the most expensive school in the state anyway. Then thought letting her take out loans for 2.5 years of law school was ok to do too. She basically has a loan out for every semester of school from her freshman year of college until she left law school. Her loan debt is equal to a second mortgage on our house. Thankfully we each make enough at our jobs that she can make payments solely with that income while we live completely off mine.
Nvidia is making a custom chip for the new Nintendo console that will release this next year. Whether that machine is a hit or a flop could greatly affect their projections for early in the year (think the system launches in March).
Even if it barely touches it, itll be in name only. The tax sales first wk of jan and then people will wait for trumps first wk to see the regs start being taken down and where/how many
I agree with that. I do think volatility picks up on the uncertainty of what industries will be affected most by a Trump presidency. Could continue the climb higher or could retrace lower. If the market is favoring one of those outcomes over the other right now, I can't tell. Seems like either is possible.
I hope you're right. I just closed out $5,500 of stocks in my tradeking account. Hope I can pick up some of those stocks back up next week in robinhood at a lower cost.