I’ve been running the numbers like crazy and I’ve determined that it will be worth it to jump through hoops to rearrange our finances to refinance. If you are considering a refinance, see when it makes sense to refinance.
I’ve calculated a minimum gain of $12,000 over the next 5 years less any opportunity costs lost [...]

April Fools’ Day is one of my favorite “holidays”. Growing up our whole family was always trying to outdo one another or be the first to play a joke. Instead of playing a joke on you, I want to share one of our best jokes. It even has a great financial twist.
The best joke, which [...]

Have you found yourself in a situation where you need to complete an IRA recharacterization? Here is everything you need to know to understand how to get it done on time and report it on your taxes correctly.
What is a Recharacterization?
After you make a contribution to an IRA, you can later change the contribution to [...]

We got as far as we could yesterday on our taxes. Now I’m going to have to work on a strategy to recharacterize to finish it up. Since the taxes are at a standstill for a few days, I’ve been hard at work crunching the numbers on a possible refinance. Stay tuned as I’ll document [...]

This weekend I’m busy crunching numbers. I’m trying to finish up our taxes and despite my organization, we ran into some problems. Our income disqualified us from some expected credits. Luckily I have some room to work with it, but I’m trying to calculate the optimal long-term solution with a few different choices. Stay tuned [...]