| Money Talk|| re: Self employed retirement plans? - tigerrocket on 6/13/14 at 9:51 am|
You are probably talking about a 401k with a profit-sharing component, not a straight 401k plan?...
| Money Talk|| re: Buying a vehicle in Texas for tax savings - tigerrocket on 6/9/14 at 2:08 pm|
Texas has a sales tax....
| Money Talk|| re: Have the markets peaked? - tigerrocket on 5/8/14 at 1:47 pm|
I'm not sure that the Fed has any motivation to raise rates and especially not aggressively. Raising rates aggressively would crush the market though....
| Money Talk|| re: Help buying a GMC - tigerrocket on 5/6/14 at 2:05 pm|
I bought the same vehicle back on December 31st. The sticker was $52,155. I paid $46,750. The incentives seem to be much better now. All I had was the rebate. There doesn't seem to be too many of these around. The dealer had to get mine from New Iberia. (FYI: there have been two recalls alr...
| Money Talk|| re: Started the new job - Simple IRA - tigerrocket on 4/8/14 at 3:00 pm|
I assume that the employer matches dollar for dollar on the first 3% that the employee contributes. In order to get the full $3k employer match, the employee would have to be making $100k....
| New Orleans Saints Talk|| re: Tony Gonzalez, Should We? - tigerrocket on 3/12/14 at 11:18 am|
Gonzales can go anywhere. He has been released by the Falcons. No trade necessary....
| Money Talk|| re: Simple IRA Broker/Advisor Question - tigerrocket on 2/19/14 at 3:36 pm|
I believe there is a two year waiting period starting from when you first contributed....
| Money Talk|| re: Simple IRA Broker/Advisor Question - tigerrocket on 2/19/14 at 2:18 pm|
I believe that if it is a 5304 SIMPLE plan, then you can go to any institution. If it is a 5305 Simple plan, you are limited to the one institution. The type of plan is chosen at setup by the employer. Sometimes employers don't want to send checks to multiple institutions....
| Money Talk|| re: Land Purchase - tigerrocket on 1/23/14 at 4:03 pm|
Thanks. Property is in MS, so I think I have to use a MS Farm Bank. The big banks that I spoke with don't want to touch this without 35% or more down....
| Money Talk|| re: Umbrella Insurance Policies - tigerrocket on 1/22/14 at 4:21 pm|
I think you may need to up your limits in order to qualify for an umbrella....
| Money Talk|| Land Purchase - tigerrocket on 1/22/14 at 3:44 pm|
Considering buying 100 Acres with a house and several other structures on the property. I'm pretty sure the big banks won't touch this. It will not be a primary residence. Any suggestions for financing options?...
| Money Talk|| re: Is there any point in putting money in a savings account or money market? - tigerrocket on 12/30/13 at 12:58 pm|
There is no such thing as a joint Roth. Roth's are individual retirement accounts, and can only be opened in one individual's name.
| Money Talk|| re: Becoming a Landlord- Seeking Advice - tigerrocket on 10/23/13 at 11:37 am|
I am just providing my thoughts based on what has worked well for me. Liquidity should not be a major conern, unless you are putting every dime into illiquid assets. That is why I suggest a minimum down payment, which keeps other assets liquid for the next opportunity. My goal is to have these pr...
| Money Talk|| re: Becoming a Landlord- Seeking Advice - tigerrocket on 10/23/13 at 10:25 am|
My thoughts on residential rentals may be different than those that are seeking cash flow. I typically look for a property that I believe to be priced right, easy to rent, and some appreicaition potential. I look to put as little down as possible on a 15 year mortgage even if the cash flow isn't g...
| Money Talk|| re: First time home buyers early IRA withdraw - tigerrocket on 9/26/13 at 3:26 pm|
Read the Bankrate.com article. Should answer your question.
| Money Talk|| re: Investing the difference on a 30yr mortgage - tigerrocket on 9/5/13 at 10:07 am|
With rates as low as they are, my mortgage interest isn't enough to put me over the standard deduction, so I don't get to deduct my mortgage interest. I think a lot of people think they are deducting mortgage interest because they enter in turbo tax or give it to their CPA, but in the end they are ...
| Money Talk|| re: What do I do with my money next? - tigerrocket on 8/22/13 at 3:02 pm|
Your income will probably make you ineligible to deduct an IRA contribution if you are participating in a 401k plan. I am assuming that you will make too much money to even contribute to a Roth IRA. If your 401k has a Roth option, you may want to split your contributions (some pretax and some afte...
| Political Talk|| re: The smoking "tax" in obamacare - tigerrocket on 6/30/13 at 8:40 am|
no family history of any disease
no genetic markers
lives in a healthy state
no contact sports
| Political Talk|| re: The smoking "tax" in obamacare - tigerrocket on 6/30/13 at 8:31 am|
I completely agree with free markets, but I think we are pat the point of no return as free markets relate to health care....
| Political Talk|| re: The smoking "tax" in obamacare - tigerrocket on 6/30/13 at 8:23 am|
I would also agree with letting the insurance companies manage their risk by charging higher premiums for risky behavior, but where does it stop when defining risky behavior?
We might can argue that those that take on risky behavior should be charged less, because they dont live to be 90; ther...