msemack

3,379 reputation

918

bio	website	semack.net
	location	Bellefonte, PA
	age	33
visits	member for	3 years, 1 month
	seen	Sep 10 '12 at 19:50
stats	profile views	127

Young professional, first time homeowner, first time parent (my daughter was born 04/05/2011)

	3,379 reputation	bio	website	semack.net	visits	member for	3 years, 1 month
918 badges		location	Bellefonte, PA		seen	Sep 10 '12 at 19:50

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Apr 15	awarded	Yearling
Sep 21	awarded	Custodian
Sep 10	awarded	Necromancer
Aug 28	comment	Best way to start investing, for a young person just starting their career? Thanks for the heads up. I updated my answer to link to the new edition.
Aug 28	revised	Best way to start investing, for a young person just starting their career? comment
May 2	answered	Why can't the government simply payoff everyone's mortgage to resolve the housing crisis?
Apr 15	awarded	Yearling
Apr 9	awarded	Good Answer
Mar 27	comment	Does it make any sense to directly contribute to reducing the US national debt? I think the terms "debt" and "deficit" are getting confused here. Even if the Bush Tax Cuts expired, and the CBO projections held true, there would still be $trillions of debt outstanding. It would take decades before the US became debt free.
Mar 1	awarded	Nice Answer
Jan 20	revised	In general, is it financially better to buy or to rent a house? added a bullet about extra mortgage payments
Jan 20	comment	In general, is it financially better to buy or to rent a house? If you rent, you still pay for home upkeep and repair. It is just hidden from you. Your landlord is trying to make a profit from the lease income. If your landlord is losing money on the home repairs, expect your rent to go up.
Jan 20	answered	When should I start saving/investing for my retirement?
Jan 19	awarded	Nice Answer
Nov 16	awarded	Nice Answer
Sep 14	awarded	Necromancer
Aug 26	comment	Are you allowed to have both a 401(k) and a SIMPLE IRA? If so, what about limits? I realize this has been closed for a while, but the IRS updated their web site some time after my answer, and confirmed that yes, what I said was correct. See here: irs.gov/retirement/participant/article/0,,id=211345,00.html
Jul 26	comment	Buying a short-sale property with repairs needed By CO, you mean Certificate of Occupancy?
Jul 26	comment	If the U.S. defaults on its debt, what will happen to my bank money? All I'm saying is that the US Treasury not paying a bill is unrelated to my ability to withdraw funds from my local bank.
Jul 25	comment	If the U.S. defaults on its debt, what will happen to my bank money? It's worth pointing out that a default also doesn't neceassarily mean the Federal Govt will stop paying interest on our bonds. It means they will have to avoid/delay paying certain obligations. Most "what if we default" proposals say we will pay our Military Payroll and bondholders first, then look at skipping some of our other bills (e.g. social programs).