I am coming up 20 years in the Army. Preparing to retire. Have paid down all debt except 3 mortgages and one vehicle. The plan was to retire debt free with exception of the vehicle. With the current COVID pandemic, T...
Hello everyone,Recently we had a newborn and I don't know how to approach this situation - I'd like to know everyones thoughts on a child education savings plan. Do you have a 529 plan?Do you have a solid B&H prop...
folks - it's unclear after the federal rules changed and now allow 529 to be used for daycare/preschool and if NYS allows it - they haven't ruled in this regard and a local school told me that till they rule, I cannot...
Hi BP!I have been trying to figure out how to purchase a rental property to help pay a portion of a family members college costs. I know that accounts like these educational savings accounts can help you invest pre-t...
Hi everyone,Starting in May I'll be able to contribute to my day job's 401k; up to 3% will be fully matched and then 50 cents for the next 2% (I plan to fully max out). I will become fully vested I believe too. I do...
Hi BP community!I am Cody (as already stated), I am 22 and looking to make a good side and eventually a career out of real estate. I will begin making 50k/year soon and my wife makes 60k/year currently with our own ho...
Hey everyone, sorry if this has been asked many times before. I did a quick search, and found some people who said they had borrowed against their TSP for real estate investing purposes, but I was wondering if I could...
Hey! I am thinking of buying a property close to campus for my fifth year and using the FHA 3.5% down payment. My close friends are likely to be my tenants for the first year. My parents still have money saved in a 52...
I have maxed out my Roth IRA and Roth TSP. Additionally, I have 5% matching contribution from the US Government for my TSP. These funds are contributed to my Traditional Balance. Looking to see if anyone knows if/how ...
What are your thoughts on an College Savings 529 plan for your kids? Anyone try this yet?https://www.irs.gov/uac/529-plans-questions-and-answershttps://www.irs.gov/pub/irs-pdf/p970.pdfHow about just using a ROTH IRA f...