I just received a page saying the fresh new agency away from training are now giving waivers for individuals who prior to now did not have an enthusiastic qualified mortgage, but with struggled to obtain a being qualified boss and also produced 120 on-day money which they now would be eligible for PSLF
Dr. Jim Dahle:
But if I just took the tax losses I have now and used them for $3,000 a year against my ordinary income, I’d have enough to live to be 200 or 400 or 500 years old. No problem. I got plenty of tax losses.
I simply received a page claiming the brand new agencies out-of degree try today offering waivers for many who prior to now didn’t have an eligible loan, but payday loans for bad credit that have struggled to obtain a being qualified employer and then have produced 120 on-date costs which they today might be eligible for PSLF
Dr. Jim Dahle:
So, the idea of accumulating more of them is not particularly appealing to me, not something I would pay a large fee for. For example, let’s say, this advisor wants to charge you 1% a year to do this. Say you have a $5 million portfolio. That’s $50,000 a year. How is he possibly ever going to recoup that cost by providing enough value with tax-loss harvesting? He’s not, especially when there’s the risk of underperformance that comes from taking on the uncompensated risk that comes with individual stocks.
I recently obtained a letter stating new company out-of degree is actually today offering waivers for folks who previously didn’t have an eligible mortgage, however, who possess worked for a qualifying company and then have made 120 on-go out repayments which they now would-be eligible for PSLF
Dr. Jim Dahle:
There are some things out there where people are basically trying to have you kind of build an index fund yourself, that might make some sense at some very low fee, but most of the people trying to sell you actively managed accounts or active managed services end up providing you what my parents had when I first became financially literate and help them look at their investments.
I recently obtained a page saying the new institution from education is today providing waivers for individuals who previously didn’t have a keen qualified mortgage, however, who’ve struggled to obtain a qualifying manager and just have generated 120 on-date payments which they now would be eligible for PSLF
And that was that? Which had been some schmuck underperforming the market industry if you are asking her or him dos% a year, and you will churning the new membership such as for instance enraged. Luckily it actually was from inside the a sep IRA. This wasn’t for the a taxable membership ultimately causing massive taxes, but it would’ve come when it was at a taxable account. As he was acting he you will go out industry, he you certainly will discover stocks. In which he decided not to.
I simply obtained a letter saying the latest department away from education are now offering waivers for folks who in earlier times did not have a keen eligible mortgage, but who have worked for a qualifying workplace and now have made 120 on-go out repayments which they now is entitled to PSLF
Dr. Jim Dahle:
All I had to do was show him what his money would’ve done if I put it in a total stock market index fund, and all of a sudden, my parents didn’t want to be with that advisor anymore.
I just obtained a letter saying the latest agency out-of studies was now offering waivers for people who in the past did not have an qualified loan, however, who’ve worked for a qualifying boss and then have produced 120 on-time costs that they today was qualified to receive PSLF
Dr. Jim Dahle:
And I suspect you’re in a similar situation. I don’t have enough specifics. You didn’t leave enough information, but those are my general thoughts on actively managed accounts. So, it’s very hard for there to be more value provided than the fee that is being charged on those, especially if their big claim is that they’re going to make it back on tax-loss harvesting.
I just obtained a page saying the new department of studies was today giving waivers for many who in the past didn’t have an enthusiastic eligible mortgage, however, that have struggled to obtain a qualifying boss and have now made 120 on-go out costs which they today was entitled to PSLF
Dr. Jim Dahle:
You can tax loss harvest with broadly diversified index funds and ETFs, no problem. I assure you the market will go down from time to time and you’ll be able to tax loss harvest. I hope that’s helpful to you.
I just received a letter saying the new institution from studies is now giving waivers for individuals who in the past did not have a keen eligible loan, but who possess worked for a qualifying workplace and possess produced 120 on-day payments which they today could be eligible for PSLF
Dr. Jim Dahle:
I brought Andrew, my partner in crime from studentloanadvice on the podcast to help us with our next couple of questions. Thanks, Andrew, for being with us today.
I just acquired a letter stating this new company out of studies are today giving waivers for people who in the past didn’t have an eligible loan, however, that struggled to obtain a being qualified company and also have made 120 on-day repayments that they today could well be eligible for PSLF
Pete:
Hi, Jim, it’s Pete calling from Boston. I’m a urologist in academic practice. And I have a question about PSLF.
Pete:
The question I have for you is, have you heard about this? What do you know? And more specifically to my situation, I graduated from medical school in 2003 so I was frankly too old for the program, but I have made 120 qualifying payments and work for a qualifying employer.