Re: WSOP Windfall... What am I to do?
[ QUOTE ]
im not sure if the student loan debt is tax advantaged or not.
[/ QUOTE ]
It's not deductible at his income level.
[ QUOTE ]
the sep-ira is great - total amount contributed is deductible and growth is tax deferred, downside is you cannot access the money without penalyt until 59 1/2 - there may be an exception or two to that last part, not positive.
[/ QUOTE ]
Accessible but with penalties.
[ QUOTE ]
I think that you would be surprised what type of mortgages you qualify for and i would guess buying a place for you the bottleneck will not be the mortgage, but finding a place that suits you and a time in your life when it makes sense.
[/ QUOTE ]
Yes a low LTV will open lots of doors. I agree with the time in his life sentiment. I'm frankly a bit puzzled by the 23 year old poker player wanting to lock himself into a particular home and area for the next 5-10+ years.
OP,
I said it in the previous thread and will say it again. Call Vanguard, you qualify for a Voyager account which has all the hand holding and advice you will need. I say this as you do not seem all that interested in learning about investments on your own and have expressed concern about commission based advisors.
J
|