Is that like common sunts?
If anyone believes the government, whose debt is approching 20 trillion, will keep the current tax law in place forever ... I have some penny stocks to sell you.
I’m not at all sure why Dave would recommend spending 25,000 dollars in taxes for the privilege of owning a Roth vs traditional IRA. Just start a Roth, while continuing to collect the 2,000 dollar deduction on the traditional if you can afford the contribution to both.
There are a lot of issues using the Governments rules of investing which are not necessarily in your interest. No pun intended. Speaking as one now forced to take a minimum distribution from my IRA which I roll into a Roth because at the moment I don’t need the distribution for living expenses.
Giving the same DAVE RAMSEY pings your grandmother would, only we keep our teeth in...
:)
I would cash out the IRA, pay the penalty, and pay off on the mortgage. The money you save on the mortgage would be more than the penalty.
Husband invites his sister, her husband, and their two kids to move in.
The houseguests are deep in debt and one has just lost his job (and apparently his lodgings).
And the wife being moved in on is not consulted. Yet she still agrees to it upon being the last to know.
Madness.
Foaming, howling madness.
Count the silver, madam. Then put it in a safe deposit box in the bank. Along with all other valuables. Jewelry, coins, cherished photos, documents; furs and computers and your good china will need sanctuary also.
Do that if you are too chicken to say, “If they’re coming, I’m leaving.”
You might also benefit from a little chat with a lawyer. Because once you let them in, rent or no, they have rights. More than you!
Dave: “I’m thinking maybe four to six months...”
And to you, Dave Ramsey, a big old raspberry. Never heard the expression, fish and houseguests stink after three days?
I was confused by the stunt you pulled with the mispelling in the title! ;-)
Dave Ramsey Ping