What do you do with 100 grand for 1 year if

Talk wife into paying off house

quote:

---

Wife does not want to pay off house

---

Go to a mortgage calculator and show her how much interest you'd save by paying it off. Ask her why she wants the bank to have all of your money.

Put it under your mattress and hope you don't get robbed in the next yr.

If you're over 59...

PacLife no surrender schedule VA ... DCA it (I believe it's at 6% for the first year if you DCA), then take it out after a year with no penalty.
a little loophole most people don't know about.

I believe he is talking about a variable annuity (VA). DCA means 'dollar cost averaging.'

I recommend you avoid buying one from AIG....

PacLife has a no surrender schedule variable annuity. Obviously don't do one if you're under 59.5 years old because you'll have to pay the govt a penalty if you take it out..

anyway, they have ONE no-surrender schedule VA ... they have an option called DCA (dollar cost averaging) ... for the first year, they give you like a 6% return...all you do is DCA it into the most coservative portfolio. Over the course of 12 months, they DCA the money month by month into that conservative portfolio. After 12 months, just take all your money out. Money that hasn't been DCA'd is the money earning that special rate.

It's a roundabout way of doing it, but if you're talking about 100k and 2% CD rates, it's worth it. If you only have 10k, it aint worth the hassle, but for 100k or more, it's worthwhile.

I've never done it myself, but it's certainly an easy way to get a good rate over the next 12 months without really "tying" up your money.

As others said, do not pay off the house. If anything, now is the time to refinance for another 30. Then you can think about how to invest two hundred grand instead.

quote:

---

Talk wife into paying off house

---

Don't forget the liquidity issue. If you lose your job in the next year, wouldn't you like to have that emergency fund? Chances are you will not be able to get a cash-out refinance with zero income. Just another consideration.

quote:

---

Suppose I'm going to come into 100K next month. But I don't need a ONE year plan. Let's say I'm looking at 10 years. Everything is paid for and I've already got 100K in stocks, hesitant to buy more at my age. What would you do with 100K to avoid the govt getting it?

---

That's easy....give it to me.

Seriously, when you say "avoid the government getting it" do you mean taxing it? If so, I can't help you. If I could figure out how to legally avoid taxes, I wouldn't be paying so much taxes myself!

Two memorable posts by the Colonel:

quote:

---

re: all in (Posted on 4/17/09 at 1:14 p.m. to LSU0358)
I won't be shocked it that 873.58 print on the SPX is the top of this move.

---

quote:

---

For those of you who believe this is a bear market rally.... (Posted on 4/9/09 at 4:03 p.m. to LSURussian)
Straight to final collapse to the 500 area, commencing within a couple of weeks.

---