Finding The Best Solutions And Ideas For Planning For Your Retirement.
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I bought my car in April and of course have a terrible interest rate. I have been paying all my payments on time as well as credit card bills etc. When should I try and refinance?
My husband and I purchased a Variable Life Insurance annuity policy, and now we’re wondering if it was a smart investment. We are in our late twenties and make very good money. We bought the policy for retirement purposes. We no longer contribute to employer 401k plans are they are not matched by the employer, and we make too much money for a Roth IRA acct. So all the money we are saving for retirement goes into this annuity. There’s a minimum premium is 00 quarterly, but we try to pay 00 quarterly to fund it faster. After 7yrs it will be fully funded and then we can borrow against it at a lowe interest rate (which we don’t plan on doing) or keeping it until we are ready to withdraw from it when we retire. Is this a smart thing to do for us, considering our situation in our current tax bracket? We feel that we ware now in a higher tax bracket than we would be when we retire, so contributing after-tax dollars right now seemed like a good idea. Please help. I think we should have gotten a second opinion before we bought this policy.
I don’t understand, why would you borrow money with a lower interest rate, to pay off borrowed money? Won’t you have to repay that refinanced funds? I clearly do not have a full understanding of this subject, and would appreciate a clear and concise answer to it, 10pts!
Okay mom, but eventually you’ll have to repay that mortgage too won’t you, thus adding to what you already owe?
I have both but don’t really see the point of an IRA. I don’t receive a higher interest rate, both accounts don’t have any fees, and I am limited to what I can put into my Roth IRA but not my savings. What’s the point of having one and not just using a standard savings account to save for retirement?
I am going to re-finance my interest only mortgage and need suggestions on when to lock in an interest rate. How long will they continue to drop?
I own an 3 family rental property that’s i purchased 6yrs ago. I have always had steady rents coming in and have never been late. I have an interest rate of 7% and as with every-ones home i ended up upside down. Recently i spoke to a mortgage broker that said i have option and that it would be in my best interest to refinance even it being upside down. Because i have excellent credit that will work to my advantage. Now i have 24 yrs left. If i go to a lower interest rate back to 30yrs then i could have a positive income after all expenses of almost 650.00. Now if i did 20yrs at a lower rate my positive income is roughly 225.00. I’m torn because i would love to see that extra money but to go back to 30 kills me. What do you guys think? Just some quick info on me i’m 32yrs old married. I also own a single family residence. My future for the mutli unit was for income once it was paid off.
A sinking fund is established by a couple so that they will have ,000 for their daughter’s college education. They are to make monthly payments for ten years, when the fund is to be worth 0,000. If the interest rate they get is 7.2% compounded monthly, what should be the monthly payment?
(cont’d.): and the other investment earns an annual simple interest rate of 10.5%. The total amount invested is ,000. How much is invested in each account?
8.3% investment =
10.5% investment=
I need the details of a real life annuity to calculate some problems for a math project. I need the interest rate, compounding period and the bank that offers it.
When I first got my auto in March 2006 my interest rate was 17.9% I refinance in September 2006 with E-loan for a rate of 11.04% we recently bought a home and our finally establishing some credit. So I think its time to refinance again. Does anyone recommend a great place to get a great rate?
Thanks I really appreciate it!
I was just wondering if it made sense to refinance our 30 year fixed 6.25 home loan. We have owned our home for 3 years and 5 months. What does the interest rate have to fall to in order for it to financially benefit us to refinance?? Any help appreciated.
I recently spoke to an investment broker about an option offered by Colorado Banking that offers an IRA with a guaranteed interest rate where the amount you put in (0 per month) goes toward a 80,000 whole life insurance plan and also into an IRA that would return 319,000 at the end of 45 years. I’ve done the math and it does work itself out, but I’m curious if there are any companies that compete with the same type of plan.
I need to refinance my car and not sure on who I should go with to submit an application, so I can insure a new, good, low interest rate.
I would like to refinance my jetta because my interest rate is 16%! it was my first car an i didn’t have any previous loans. I need to do it fast though… suggestions? I have fair credit and live in PA. I am looking for internet application sites for people with credit similar to mine. I would like a response by email within a week if possible.
I don’t have alot of time to waste looking! Thank you in advance.
During a recession the Federal Reserve would:
buy Treasury bonds to increase/decrease the interest rate
sell Treasury bonds to increase or decrease the interest rate.
This is a concept I’m not understanding so I’m not just looking for an answer, it would also be great if you could briefly explain why!