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  Topic: Need advice to plan for retirement
becky21

Replies: 41
Views: 89568

Post image iconForum: Retirement Planning   Posted: Thu Jun 04, 2015 2:26 pm   Subject: Need advice to plan for retirement
Agree Sir. Actually, the 401k loan is divided into 2 loans, one is $4,300 at 4.25%. I might either pay this loan (goes back to retirement) or invest it in VFINX or VTSMX.
  Topic: Need advice to plan for retirement
becky21

Replies: 41
Views: 89568

Post image iconForum: Retirement Planning   Posted: Thu Jun 04, 2015 1:34 pm   Subject: Need advice to plan for retirement
I closed all CDs except $4k for EF. I will use it to pay the loan.

Thanks.
  Topic: Need advice to plan for retirement
becky21

Replies: 41
Views: 89568

Post image iconForum: Retirement Planning   Posted: Thu Jun 04, 2015 1:34 am   Subject: Need advice to plan for retirement
That's a good idea. But there might be 6 months interest penalty for early withdrawal. I will check from the bank.
  Topic: Need advice to plan for retirement
becky21

Replies: 41
Views: 89568

Post image iconForum: Retirement Planning   Posted: Wed Jun 03, 2015 6:42 pm   Subject: Need advice to plan for retirement
Those CDs are the EF. With the loans, one needs to have some cushion right!
  Topic: Need advice to plan for retirement
becky21

Replies: 41
Views: 89568

Post image iconForum: Retirement Planning   Posted: Tue Jun 02, 2015 7:08 pm   Subject: Need advice to plan for retirement
Thanks littlerock for spending time to look into these numbers and coming up with a plan.
I will think what you have mentioned and then come up with a plan.

Only patience is required for next 3-4 ...
  Topic: Need advice to plan for retirement
becky21

Replies: 41
Views: 89568

Post image iconForum: Retirement Planning   Posted: Sat May 30, 2015 1:24 pm   Subject: Need advice to plan for retirement
I might change it to '2' as well and use the money to put it back to retirement account.
  Topic: Need advice to plan for retirement
becky21

Replies: 41
Views: 89568

Post image iconForum: Retirement Planning   Posted: Fri May 29, 2015 7:45 pm   Subject: Need advice to plan for retirement
I did 0 to 1. Smile
  Topic: Need advice to plan for retirement
becky21

Replies: 41
Views: 89568

Post image iconForum: Retirement Planning   Posted: Fri May 29, 2015 6:49 pm   Subject: Need advice to plan for retirement
I got the Federal withholding updated to 1 from 0.

Littlerock - I will create a budget list and post it soon. Thanks for helping out.
  Topic: Need advice to plan for retirement
becky21

Replies: 41
Views: 89568

Post image iconForum: Retirement Planning   Posted: Fri May 29, 2015 3:31 pm   Subject: Need advice to plan for retirement

I don't think paying off debt and saving for a home at the same time is a wise choice. It will take twice as long to do both. I would put all efforts towards paying off the debts first. The debts ar ...
  Topic: Need advice to plan for retirement
becky21

Replies: 41
Views: 89568

Post image iconForum: Retirement Planning   Posted: Fri May 29, 2015 3:21 pm   Subject: Need advice to plan for retirement

?? Why on earth do you overpay by $3600 and then wait to get it refunded? Fill out a new W4 at work, ideally you want to owe a small amount on April 15.

- I felt the same when I wrote about refun ...
  Topic: Need advice to plan for retirement
becky21

Replies: 41
Views: 89568

Post image iconForum: Retirement Planning   Posted: Fri May 29, 2015 12:56 pm   Subject: Need advice to plan for retirement
Thank you for taking time to answer the queries.

My taxes are high.
  Topic: Need advice to plan for retirement
becky21

Replies: 41
Views: 89568

Post image iconForum: Retirement Planning   Posted: Fri May 29, 2015 1:05 am   Subject: Need advice to plan for retirement
Houses are not expensive in this area.
  Topic: Need advice to plan for retirement
becky21

Replies: 41
Views: 89568

Post image iconForum: Retirement Planning   Posted: Thu May 28, 2015 7:02 pm   Subject: Need advice to plan for retirement
It's very comforting to know that I'm on a right track.

I will move the funds to FUSVX to keep it simple.

Thank you again.
  Topic: Need advice to plan for retirement
becky21

Replies: 41
Views: 89568

Post image iconForum: Retirement Planning   Posted: Thu May 28, 2015 5:07 pm   Subject: Need advice to plan for retirement
Thank you littleroc02us for responding.

Not sure how you came up with $5833. I get biweekly pay.
  Topic: Need advice to plan for retirement
becky21

Replies: 41
Views: 89568

Post image iconForum: Retirement Planning   Posted: Thu May 28, 2015 3:05 pm   Subject: Need advice to plan for retirement
​All,

Very thankful for the learning and advice shared in this forum. It's informative and beneficial. Wish I had learnt these in 20s or 30s. I made wrong choices, and need your suggestion to ...
 
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