Heck no. No Ins or nothing well I cant say that I do have farm liability. Trying Sugar beet here for first time ever this year. Gonna see about Hops , and Hemp from the Gub also. They say they will help in NY but I think its more than this little Farm has to offer.
just yesterday silver went up, then down. Wonder what's it's gonna do today ? anyone buy anything lately ? I've just been sitting on my cash trying to pay down my house. @abuckmaster147 @LA_Geezer
I won a $25.00 virtual gift card that can only be used online. Thought about a RCM with it at prov yesterday but said na.
Hey, since we occasionally touch on gold here, I thought I’d inquire here versus starting a new thread since this is a one question deal. Just got an email from a major dealer who is offering 1 Oz. American Gold Eagles at $100 over spot. Why would anyone in their right mind pay that much over spot?
Paying off my house was singularly the best personal economic move I ever made. The freed cash flow enabled me to make some nice investments that eclipsed any tax deduction for mortgage interest.
I could have paid mine off, but that money is earning 12% guaranteed, so I just pay an extra $300/mo. towards the mortgage. I have a decent chunk sitting in the bank, but I like to keep that on hand, as well, in case an investment opportunity comes up. I am using a small amount of it to send my nephew to summer camp for 8 weeks at Camp Ramsbottom (yeah, I heard Beavis & Butthead in my head too when I heard the name, lol). He's excited to shoot a bow and arrow. @Nathan401 has probably heard of it, if not been there. Can't think of a better way to invest that money, than in my nephew.
12%!!! Where? New fed tax laws essentially eliminates my mortgage interest deduction here in CA, therefore paying off the mortgage is much more attractive.
12 percent? Good going. If you want to share your secret, IM me. As long as it’s legal. (JUST KIDDING!) LOL
depends where you buy it currently. Many of us has over and over looked for better and lower buying opportunities for metals. Of course, we educate ourselves more on it over time and reduce our purchasing price closer to spot. This is one reason I haven't acquired all the Proof American Platinum Eagles that I want for the various designs. I just can't get myself to pay the high premium even though it seems to be the lowest out there through Apmex or Provident. It also can be a driving factor of how you identify it as a numismatic purchase, and how it's sold as one too. I've been waiting to buy a 2009 high relief for a while, watching the price premium slowly lower over time. Sooner or later I'll snatch one up when the price is closer to spot.
You must have a very expensive mortgage. Most property tax is still deductible , up to a certain threshold which currently escapes me.
From a January Forbes article - "If you buy a home between now and 2026, you can deduct the interest on up to $750,000 in mortgage debt used to purchase or improve it as an itemized deduction. This cap affects home purchases made after December 14, 2017. Anyone who took out a mortgage on December 14 or earlier will be able to deduct interest on up to $1 million in debt, the old cap, for that home, even if they refinance to get a lower rate." The problem is for people that pay high state and local taxes, as only $10,000 of that is deductible. In keeping with the topic of this thread, silver closed at $16.515 today.
Unless you have an mortgage equity loan on the house of which it is *not* a home improvement and other strict limitations now. So if you took a mortgage equity and used the money for a new boat you lose that deduction now.
As it should be. I looked into a lot of foreclosures that happened around here, and most, if not all, had cash-out refi's or HELOCs that were ridiculous. People used their homes as ATMs and bit off way more than they could chew, then cried when the bank wanted their money, which they were legally obligated to pay. I even saw one property that had NO mortgage (passed down in the family), but the owners took out a HELOC for as much as they could, then lost the house. No personal responsibility.
I have no idea what you are trying to say - sorry. Feds capped how much CA state tax I can deduct at $10K (I pay a lot more than $10K in CA income tax). Feds raised the standard deduction for me to the point that it now exceeds my Schedule A itemized deductions (directly because of the $10K cap on State Income Tax). Therefore I won't itemize and thus I don't get the opportunity to deduct my mortgage interest (no matter how much it is). Whether my mortgage is expensive or not has no bearing on this calculation. In fact, the mortgage is aging to the point that I am not paying that much interest anyway. Don't understand what your point was.
Garlicus explained the mortgage interest deduction rules miceley. How that effects you and the new standard deduction is a different issue.