To add to principal or not to add to principal? That is the question. A little about me: I am getting somewhat close to paying off my home mortgage. My mortgage principal paid each month is currently $400. I have been putting in an extra $400 principal for a year or two now, trying to drive down how much interest I have yet to pay. My loan is a conventional 15-year loan at 2.375% interest. Th…

Principal somehow withdrew my 401K for me by accident. Was laid off from my job recently, went onto my account on the Principal website to determine what I want to happen to my 401k. On the page were options to roll over to my own IRA or another employer sponsored 401k, withdraw my account or just leave it where it is. Of course I didn’t want to withdraw, I have yet to find a new job, and I don’t fe…

Unused 529 – how to think about earnings vs. principal for withdrawal I’m confused about how to think about and report on the taxable portion of unused 529 funds. This question is about unqualified withdrawals. Let’s say the account reached $100k, with $75k in principal and $25k in “earnings.” Assuming I make an unqualified distribution, is the first dollar of the distribution taxable at all? Is 25% of that first…

Pay more towards principal? I’ll be honest, I’m not great at understanding all the finance jargon (I’m trying to learn!), so in simplest terms, please advise me! $232k mortgage at a 3.25%, ~15year. Should I pay more monthly towards principal or put towards a HYSA? I do already have an emergency savings for expenses that may come up. Thanks! submitted by /u/Olulife …

Upbit Receives Preliminary ‘In-Principal’ Approval in Singapore The in-principal approval allows Upbit Singapore to continue providing regulated digital payment token services in compliance with the Payment Services Act 2019.

Should I pay the mortgage principal? Hello I rent out my house (live with my gf at her home). The rent, tenants are paying, is enough to cover my mortgage and gets me an extra 500$ every month. I keep 300$ in case i will need to do some repairs in the house. I plan to buy another house in 2-3 years and keep renting this one. Should i use the rest of the money ($200) to cover the mo…

Is a Principal only payment worth it? Hey there! Hoping for a little assistance for the best way to pay off a large debt… So here’s the situation, as concisely as possible, we financed an RV and now we wanna sell it. Most likely will be upside down and will need to bring “cash” to the table to close the deal. We have a considerable amount in savings that will hopefully account for…

Mortgage principal payoff I want to pay this off ASAP (peace of mind, flexibility w/career, etc). 38 yo, Gross $100k, invest 15% w/$100k in retirement. House has $63k left at 2.25%. I have $13k in a CD at 4.75% & another $13k for sinking funds at 4.25%. Should I be putting extra payments directly to principal, or stock piling it Ally and then make a lump sum payment? I t…

Can I get an explanation as to why additional principal payment lead to higher principal due? I still cannot rack my brain on this, so I need some explanation. My car payment is $624 per month. I pay $700, always have. I have no problem making the payments. My intent is of course to have the extra $76 go towards the principal, but of course they automatically apply it towards the next month’s payment. In order to have the additional tak…

$ at Student Loans Before Sept – All to Principal? Trying to be strategic with a bonus I’m receiving very soon. If I put that money toward my federal student loans this month, it will all go toward principal, correct? But this month (August) is the last chance for that to be true because interest will be a factor again starting in September… am I understanding that correctly? I’ve just not been…

Zera Financial not returning principal funds I have invested ~$6000 with Zera Financial in Oct 2022 for 6 months. It promised 3% returns per month on deposits made with them. It’s not insured with FDIC or any other agency, which I realized later in the process; they did false adverting that the money is insured by FDIC until they received a cease and desist notice from FDIC in March 2023 t…

Extra payments towards principal I have locked in rate at 2.8%. Every article says that if you have 4% + guaranteed on savings/cds (less risky vehicles), one should not make extra payments. One thought that bothers me is that mortgage payments start with bulk of interest payments in the initial years. If we make extra payments, especially in initial years, final interest paid g…

Is this normal: Mortgage principal We bought our house a few years back in early 2019. It was around 325k at the time with 4.375%. We didn’t put down a down payment as we didn’t have a lot of money saved (first home) and my wife was in residency (fixed income). We wanted a bigger house (we were renting) because we were having a baby at the time. We were able to get this house usi…