If you're spending the money anyway, sure, take 0% but realize why the deal exists. It's to make you spend more than you have, and if you screw up the payments, you'll usually get all the back interest at once. So don't overspend and set up auto pay and put a reminder in your calendar for the 11 month mark.

You just lost your job. You have time to collect unemployment and find a new one. You are not so far behind that you need to liquidate your safety net right now.

A beneficiary can disclaim all or part of an inherited IRA, allowing it to pass either to contingent beneficiaries or if none present, to the estate and then distributed per the will.

Correct. Although if the dealer doesn’t accept outside financing, you’d be best moving on and giving your business to a dealer that does (most do)

You can always refinance your loan. I did and over the course of my loan will save around $1400 because I received more favorable terms. Keep in mind you’d be running your credit again and that can impact your credit score

You didn't get scammed, you just didn't read before you signed. Welcome to the US!

Early withdrawals on 401k accounts are subject to a ten percent penalty in most cases, so no. The flowchart says make the minimum debt payments as part of step 0, then get the 401k match (step 2), then pay off high interest debt (step 3) before going back to 401k (step 5). There are other steps, but in this case those are the relevant ones.

Exactly. Every landlord does this.

That’s assuming the dealer actually accepts outside loans? Would it be feasible to just refinance it a few months after purchase?

> I like that ROI. Not optimized

do you like that you're getting sub-optimal returns on your money? most people don't like that.

It could be the check itself or the type of account they are using, etc.

You may find you have the issue with other banks if they use similar systems to try to reduce check fraud.

I assume the message is something along the lines of "we have private info suggesting this check might not clear"

I keep my work vehicle separate but yes it's all relative. The business would want to buy it to write off the depreciating asset that an individual cannot do

[removed]

I work for the VA in a VA clinic. The benefits outweigh any negatives. I'm not sure what you mean by "most Americans actively want the government to be cut in half." Federal employment is about as secure as you can get. You will hear the phrase "It takes an act of Congress to fire a Federal employee." It really does take a lot to get yourself fired when working for the government.

Why pay something today, when it costs you nothing to wait?

Just make sure you have the money when the time comes.

But you need to have some payroll. No business runs without human input. So you need to take a reasonable salary.

And it's still limited to business use the % you can deduct.

1. You research car prices, find the one you want, and figure out how much the car will end up costing you out the door. E.g., you figure you want to buy a Honda Accord for an out the door price of $26,500.00

2. You apply for a loan for this amount, or even say, $30,000.00 to give yourself some wiggle room. You do not actually owe $30k, that’s just the limit you’re approved for, much like your credit card’s monthly credit limit. You can use that same $30k loan approval for an even cheaper car, remember you’re just in the approval process

3. After being approved for a loan up to $30k, go to the dealer and tell them you have your own financing. Your lender/credit union/financier will provide you with documentation to show the dealer and will then be the entity that purchases the vehicle for the entire price. Keep in mind the financing terms (APR, length of loan, etc) are handled during the loan approval process which will calculate how much your monthly payment will be.

4. You drive home in your new vehicle after all the paperwork is signed off between you and the dealer and from now on you will receive monthly bills from your lender to pay the car off on the agreed upon terms of your loan. At this point you should 100% be done with the dealer as the relationship between you and your lender is all that exists in terms of paying the car off. Your lender paid for the car in full at this point

Keep in mind many lenders allow you to pay off the car in full at any time without penalties, but do your research and speak with a loan officer to ensure this. Also, in my experience my auto lender literally takes over after I sign off on my purchase paperwork. They either wire the dealer the money or send them a check, bottom line I don’t handle anything beyond driving the car home and owing car payments to the lender

I see. Then suppose you put x dollars into 401k, they match another x dollars. Can you withdraw the 2x dollars to pay your cc first?

Yes this. OP has somewhere around $50K in savings by my math.

The business can also buy it. There are different ways to go about this... I just wanted to paint a picture. Any more info and I'd have to start charging consultant fees

Never finance a fiance either.

Thanj you. Ill talk this over with my family

Lol, yes I did figure it was for just the business use. That’d be nice though right!

The beneficiary designation keeps the account out of the estate. It's not a process, like you can disclaim something in a will

I'm in the Springs as well, wouldn't mind a slight raise in the property taxes if they could fix some of these roads... but I digress