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Viewing profile - Cicero

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Cicero
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Joined: Mon Nov 26, 2012 3:00 pm
Last visited: Tue Dec 11, 2012 6:19 am
Total posts: 8
[0.01% of all posts / 0.01 posts per day]
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Most active forum: Personal Finance
[ 8 Posts / 100.00% of user’s posts ]
Most active topic: Help Me Prioritize - High Income, High Debt
[ 5 Posts / 62.50% of user’s posts ]

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Cicero Posts

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 Forum: Personal Finance   Topic: Help Me Prioritize - High Income, High Debt

Posted: Wed Nov 28, 2012 3:32 pm 

Replies: 22
Views: 3565


Humble apologies for my lack of understanding of lasers. And apologies for raising your hackles about square footage, ssarah. I didn't mean to imply that I think my house is small, but it's no mansion, either. My point was that, while we could save some money by downsizing the house, we would not be...

 Forum: Personal Finance   Topic: Help Me Prioritize - High Income, High Debt

Posted: Tue Nov 27, 2012 6:27 pm 

Replies: 22
Views: 3565


So it sounds like there is consensus that the interest savings from paying off the higher-interest student loans outweighs the flexibility (i.e., ability to pull money back out in emergency) of paying off the HELOC. Is there also consensus that I should focus on the higher-interest student loans ahe...

 Forum: Personal Finance   Topic: Is this a good plan for retirement?

Posted: Tue Nov 27, 2012 8:27 am 

Replies: 27
Views: 3890


So cut out the insurance company altogether and keep that profit in your portfolio, where it belongs. It's not quite that simple, right? It's classic risk v. reward. An annuity means you are giving up potential profits, but you are also reducing the downside risk of poor market returns and/or longe...

 Forum: Personal Finance   Topic: What should I do with my old credit card?

Posted: Tue Nov 27, 2012 8:23 am 

Replies: 26
Views: 3822


I'm pretty sure the closed account stays on your credit report for several years for purposes of length of credit history. Where closing an account hurts you is in decreasing your total credit available, thereby increasing your credit utilization ratio. It sounds like that is not your primary concer...

 Forum: Personal Finance   Topic: Help Me Prioritize - High Income, High Debt

Posted: Tue Nov 27, 2012 4:23 am 

Replies: 22
Views: 3565


Have you considered selling the house and getting a cheaper one? You're spending 17.5k per year in interest alone by living in that house. That's enough to buy a brand new car for cash every year to put it in perspective. That's one way to look at it, but if I stopped paying my mortgage interest, m...

 Forum: Personal Finance   Topic: Help Me Prioritize - High Income, High Debt

Posted: Mon Nov 26, 2012 7:04 pm 

Replies: 22
Views: 3565


Is this credit card debt gone or is there still a balance? If it's still hanging around then I would knock it out first because when the 0% expires, they're coming out the corner swinging with high interest rates. Gone as of this month. The eventual expiration of the 0% rate kept us extremely motiv...

 Forum: Personal Finance   Topic: Help Me Prioritize - High Income, High Debt

Posted: Mon Nov 26, 2012 3:57 pm 

Replies: 22
Views: 3565


Hi everyone: Hoping to get your collective wisdom on how best to allocate my cash. I know that invest v. save v. debt has been done a million times, but I would appreciate your tailored advice nonetheless. Demographics: Married, 30 years old, two young kids, single income. High cost of living area. ...
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