Comments for Planning for Aliens http://www.planningforaliens.com Practical advice for the coming invasion Thu, 20 Nov 2008 07:41:24 +0000 http://wordpress.org/?v=2.5 Comment on ActiveRecord Style Validation using SQLAlchemy and Elixir by Cari Blake http://www.planningforaliens.com/2008/04/20/activerecord-style-validation-using-sqlalchemy-and-elixir/#comment-679 Cari Blake Thu, 13 Nov 2008 04:13:49 +0000 http://www.planningforaliens.com/?p=22#comment-679 ua3afxn0fg2tnanw ua3afxn0fg2tnanw

]]> Comment on 401k Loan: The Double Taxation Myth by Max http://www.planningforaliens.com/2007/11/01/401k-loan-the-double-taxation-myth/#comment-431 Max Wed, 23 Apr 2008 08:35:40 +0000 http://www.planningforaliens.com/?p=15#comment-431 Found your blog on yahoo - thanks for the article but i still don't get it. 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 http://www.planningforaliens.com/2008/04/20/activerecord-style-validation-using-sqlalchemy-and-elixir/#comment-429 Gaëtan de Menten Mon, 21 Apr 2008 11:14:25 +0000 http://www.planningforaliens.com/?p=22#comment-429 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. 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 http://www.planningforaliens.com/2007/04/12/gtd-for-your-personal-finances/#comment-428 Savings Account Loan Sat, 19 Apr 2008 00:49:05 +0000 http://www.planningforaliens.com/?p=14#comment-428 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! 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 http://www.planningforaliens.com/2007/04/12/gtd-for-your-personal-finances/#comment-419 Max Mon, 07 Apr 2008 08:08:33 +0000 http://www.planningforaliens.com/?p=14#comment-419 GTD for your personal finances is a quite interesting post but quite difficult to understand for me - 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 http://www.planningforaliens.com/2007/11/01/401k-loan-the-double-taxation-myth/#comment-290 dingbat007 Sun, 30 Dec 2007 05:18:20 +0000 http://www.planningforaliens.com/?p=15#comment-290 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? 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 http://www.planningforaliens.com/2007/11/01/401k-loan-the-double-taxation-myth/#comment-259 Sean Fri, 30 Nov 2007 01:56:28 +0000 http://www.planningforaliens.com/?p=15#comment-259 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. 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.

]]> Comment on 401k Loan: The Double Taxation Myth by JB @ GetRichOrDieTrying http://www.planningforaliens.com/2007/11/01/401k-loan-the-double-taxation-myth/#comment-258 JB @ GetRichOrDieTrying Thu, 29 Nov 2007 13:49:27 +0000 http://www.planningforaliens.com/?p=15#comment-258 Thanks for the analysis. I've thought about taking a loan out of a 401K for a first home down payment. What are your thoughts on that? Also, who gets the interest on your 401K loan? Your brokerage? Thanks for the analysis. I’ve thought about taking a loan out of a 401K for a first home down payment. What are your thoughts on that? Also, who gets the interest on your 401K loan? Your brokerage?

]]> Comment on GTD for your personal finances by Bryan http://www.planningforaliens.com/2007/04/12/gtd-for-your-personal-finances/#comment-66 Bryan Sun, 06 May 2007 00:22:31 +0000 http://www.planningforaliens.com/?p=14#comment-66 Sean, this post deserved a response. I've got one going in my blog at http://guitarsalad.com/?p=10 I think it would have been too lengthy to put down here. Funny how everyone wants to talk about religion, but not money? I'm mostly the opposite. Sean, this post deserved a response. I’ve got one going in my blog at http://guitarsalad.com/?p=10 I think it would have been too lengthy to put down here. Funny how everyone wants to talk about religion, but not money? I’m mostly the opposite.

]]> Comment on GTD for your personal finances by Guitar Salad » Blog Archive » Financial Peace http://www.planningforaliens.com/2007/04/12/gtd-for-your-personal-finances/#comment-65 Guitar Salad » Blog Archive » Financial Peace Sun, 06 May 2007 00:19:36 +0000 http://www.planningforaliens.com/?p=14#comment-65 [...] Sean wrote a great post on how he keeps track of money and his overall logic on the subject. I don’t know why no one has responded until now. Lots of responses to his life after death, but nothing on money? I know there’s a whole lot to think about regarding the subject of religion, but the world (especially the US) has got big problems with irresponsible use of money. My post is a response to his because it would probably be a bit cumbersome in the response section of his blog, as I’ve been needing to articulate more on the subject since by brief post earlier this year. [...] […] Sean wrote a great post on how he keeps track of money and his overall logic on the subject. I don’t know why no one has responded until now. Lots of responses to his life after death, but nothing on money? I know there’s a whole lot to think about regarding the subject of religion, but the world (especially the US) has got big problems with irresponsible use of money. My post is a response to his because it would probably be a bit cumbersome in the response section of his blog, as I’ve been needing to articulate more on the subject since by brief post earlier this year. […]

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