Comments for Planning for Aliens

Comment on New Strategy by Lisa Fioritto

Lisa Fioritto — Sun, 28 Feb 2010 20:33:41 +0000

Try reading Anne Lemott’s book, “Bird by Bird”. She is an outstanding writer and the book is inspiring. We have it on our shelf if you are interested.

http://search.barnesandnoble.com/Bird-by-Bird/Anne-Lamott/e/9780385480017

Mom

Comment on New Strategy by mia

mia — Thu, 04 Feb 2010 06:15:53 +0000

1. Reading is the best way to improve writing.
2. You will write best about things you care about. You care about more things than entrepreneurship. Branching out might help.
3. Ask Ryan about the Madison 20 definition of limerick. It may prove inspiring.

love,

your sister

Comment on Clark Kent by Day… by startupbug.com

startupbug.com — Thu, 21 Jan 2010 08:46:08 +0000

Clark Kent by Day……

By day I’m your average enterprise developer. I develop in Windows. I write VB code on .NET. I write standards-compliant Javascript. When I head home for the day I’m just glad I haven’t literally died of boredom. By night I’m a dual-wielding Python/Dja…

Comment on Programming is Magic by Patrick

Patrick — Thu, 14 Jan 2010 11:51:21 +0000

So now we all know how it started. Good post.

Comment on 401k Loan: The Double Taxation Myth by Max

Max — Wed, 23 Apr 2008 08:35:40 +0000

Found your blog on yahoo – thanks for the article but i still don’t get it.

Comment on ActiveRecord Style Validation using SQLAlchemy and Elixir by Gaëtan de Menten

Gaëtan de Menten — Mon, 21 Apr 2008 11:14:25 +0000

As I said on Elixir’s mailing list, this is already implemented in Elixir’s core.

See
http://elixir.ematia.de/trac/browser/elixir/trunk/tests/test_events.py

for some examples.

Comment on GTD for your personal finances by Savings Account Loan

Savings Account Loan — Sat, 19 Apr 2008 00:49:05 +0000

I found your blog via Google while searching for savings account loan and your post regarding GTD for your personal finances looks very interesting to me.I just just wanted to drop you a note telling you how impressed I was with the information you have posted here. I also have websites & blogs so I know what I am talking about when I say your site is top-notch! Keep up the great work, you are providing a great resource on the Internet here!

Comment on GTD for your personal finances by Max

Max — Mon, 07 Apr 2008 08:08:33 +0000

GTD for your personal finances is a quite interesting post but quite difficult to understand for me -

Comment on 401k Loan: The Double Taxation Myth by dingbat007

dingbat007 — Sun, 30 Dec 2007 05:18:20 +0000

I have heard that double taxation statement before. Never understood the logic of it. But certain finance people spout it of like it is a fact. Any loan I take I pay back with after tax dollars including the home loans. At least with a home loan it basically lowers my interest rate by my marginal tax rate which is 32%.
For every dollar I pay in interest I get 32 cents back at the end of the year. (Every dollar over my standard deduction for you nerds)

As for loss of furture profits…maybe, a little. Maybe not at all. Depends on the market and how YOU would have invested it. Not some hypothetical scenerio. The loan rate you pay is probably based off of a fund you already own. Something with a guaranteed rate or a bond fund. You can let someone else borrow your money at 5% or you can do it. Provided you change your account distribution to reflect the loan as holding the place for the fund with the low volitity.
Example 50,000 balance
10,000 loan
80 % stock fund 20% treasury (loan)
Do it to save 2% on a car loan, probably not. Do it to pay back high interest blood suckers. Yes.

As far as losing your job and not paying it back. Your probably not going to roll it all over anyway now are you?

Comment on 401k Loan: The Double Taxation Myth by Sean

Sean — Fri, 30 Nov 2007 01:56:28 +0000

If you take a loan out of your 401k and you lose your job, you will be forced to pay all of the money back at once in 60 days. If you don’t, you will have to pay federal and state income taxes and a 10% early withdrawal penalty.

I would only consider a 401k loan if I had the cash to pay it back — but then I would have to figure out if I’m better off just paying cash. Like I said above, it depends on whether your payments are reinvested right away, (a detail I’m not sure of), and the interest rate on the traditional loan, (which obviously doesn’t apply if I’m going to pay cash).

If you have a Roth IRA you can make an early withdrawal with no penalty to make a down payment on your first house.

As for your second question, you pay yourself interest.