Reply to Mortgage Payment on 200K salary?

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Reply to "Mortgage Payment on 200K salary?"

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[quote=Anonymous]Well aren't you a piece of work. I highly doubt you have a PhD in anything from your petulant and irrationally confident tone, but regardless let's look at the data ... At $200k income, the blended federal tax rate is ~22% and in the 28% marginal bracket. Future withdrawals will almost certainly be taken at a much lower tax rate, e.g., 15% or even 10%. Even ignoring the compound power of these savings when reinvested for decades, it would take the world's worst 401k options and fees to offset this tax SAVINGS (deferred, but also lower, which = savings). Frankly I don't think one could construct such a plan if the goal was to offset this 7%+ tax benefit.

I will accept your point that very few axioms in investing can be taken as blanket fact - individual conditions always matter- but based on the facts presented in this case, your argument is terribly misplaced for this specific situation. Also, you're clearly an A-hole and your anger problems make me think that even if you are a PhD, you are not a very successful one and have a major inferiority complex.

Signed - a successful finance professional that practices. And as we all know, those who can, do, those who can't become PhD academics. [/quote]

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