Are New Anesthesia Attendings HENRYs or are we Just HENR

[UscGhost]

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I never said Republicans don’t favor the rich. I said Democrats favor the rich. If you cant argue that the dems don’t favor the rich, just change the subject I guess.

Yes, but you have to pick between them

Republican policies and platform overwhelmingly favor the rich. Dems would pass more policies that favor the poor, but they are hampered by GOP opposition. That doesn't necessarily mean they favor the rich, it just means they have to compromise depending on the political landscape

 

[eyeeye_captain]

The thread is ok. Anyone here who already has paid off their mortgage?

Feel like that’s only going to be some combination of older/low rate/debt averse.

I was fortunate enough to buy at around 3%, so looking at historical averages it doesn’t make sense to pay it off even though I could. Let compound interest be your friend.

 

[rowsdower88]

The thread is ok. Anyone here who already has paid off their mortgage?

Not giving up that 2.25% mortgage. If I was >6% I would consider it.

 

[Splenda88]

Feel like that’s only going to be some combination of older/low rate/debt averse.

I was fortunate enough to buy at around 3%, so looking at historical averages it doesn’t make sense to pay it off even though I could. Let compound interest be your friend.

Not giving up that 2.25% mortgage. If I was >6% I would consider it.

I have a 4.25% 10 yrs AMR and I am not sure if I should pay off the damn thing.

I understand it does not make sense to pay off 2-3%, but >4% makes me kind of uneasy to keep paying that high interest.

In addition, it's not a lot of money. The balance is only 240k.

 

[Splenda88]

Yes, but you have to pick between them

Republican policies and platform overwhelmingly favor the rich. Dems would pass more policies that favor the poor, but they are hampered by GOP opposition. That doesn't necessarily mean they favor the rich, it just means they have to compromise depending on the political landscape

Republicans main line of attack toward the dems is... you guess it, 'socialism'. I am not sure why we are even debating that.

 

[finalpsychyear]

Feel like that’s only going to be some combination of older/low rate/debt averse.

I was fortunate enough to buy at around 3%, so looking at historical averages it doesn’t make sense to pay it off even though I could. Let compound interest be your friend.

Im still renting now just over 2 years a house 2012 built with no increase in rent and now its month to month lease with no extra cost. Landlords may move back in 2 years so i think they are content not messing with turnover hence no rent change.

That being said i looked it up they have a 2.7% mortagage and im paying only 500-600 more monthly than what it costs them including property taxes which keeps increasing every year. Of course a few things have needed fixing so it may be even less than that cause they pay maintainence costs.

At current mortage rates i'd be paying 50% more than my rent. Newer rentals in the area though are going for 40% more than what i am paying.

 

[rowsdower88]

I have a 4.25% 10 yrs AMR and I am not sure if I should pay off the damn thing.

I understand it does not make sense to pay off 2-3%, but >4% makes me kind of uneasy to keep paying that high interest.

In addition, it's not a lot of money. The balance is only 240k.

I would personally keep anything less than 6%, as I'm not retiring anytime soon. I think if I was retiring within 5yrs, I would be more aggressive about getting rid of debt.

 

[Splenda88]

Im still renting now just over 2 years a house 2012 built with no increase in rent and now its month to month lease with no extra cost. Landlords may move back in 2 years so i think they are content not messing with turnover hence no rent change.

That being said i looked it up they have a 2.7% mortagage and im paying only 500-600 more monthly than what it costs them including property taxes which keeps increasing every year. Of course a few things have needed fixing so it may be even less than that cause they pay maintainence costs.

At current mortage rates i'd be paying 50% more than my rent. Newer rentals in the area though are going for 40% more than what i am paying.

But you also have to consider that once interest rate is down, price might go up. I think it's a good time to buy now because once J Powell is out in May next year, Trump will put one of his sycophants that will slash interest rate by half.

 

[emergentmd]

Nevermind. It’s not worth arguing about politics. Bummer this thread has been ruined.

Like I have said. There is a mega thread where people can continue their echo chamber that I was very happy to leave. But they just can't help themselves. For some odd reason, they need to convince everyone that disagrees and feel like their life is not complete until they get everyone to follow their mindset.

Anyhow, there is a reason all politicians do not want term limits or want to restrict their stock trading. Talk about insider information. They all want power and those who can't see this is just arguing to argue.

 

[emergentmd]

Across all my holdings, my rates range from 2.5%-7%. I thought about paying 7% but this still does not even make sense. 7% is less than historical market. Take into account my deductions and that 7% is more like 5%.

The more I think about it, the less sense it makes to ever pay it off early.

Think and act like the rich. When you need money, just refinance and pull money out. That refinance money is tax free and more deductions you can take.

Think about it. If you need $1M to do something and your choice is to refinance a property vs taking out a business loan at 8% vs working more hours getting taxes at 35%?

Give me the refinance at 7% any day.

 

[Splenda88]

Are people talking about Trump who requested a carve out from Josh Hawley's bill? Even Nanci Pelosi was on board.

The most corrupt president in my lifetime... worst than even Bill Clinton

 

[emergentmd]

But you also have to consider that once interest rate is down, price might go up. I think it's a good time to buy now because once J Powell is out in May next year, Trump will put one of his sycophants that will slash interest rate by half.

I have purchased 2 properties the past year at 7% rate. High rates do not scare me, I look at it as a buying opportunity.

Rates will go down and prices will bounce back.

If you are able to carry it, buy when people are scared. I am thinking about getting a 3rd next yr.

 

[Splenda88]

I have purchased 2 properties the past year at 7% rate. High rates do not scare me, I look at it as a buying opportunity.

Rates will go down and prices will bounce back.

If you are able to carry it, buy when people are scared. I am thinking about getting a 3rd next yr.

I am looking at the Dallas market before J Powell is out. But TX property tax is crazy. I jus want to break even when I rent it.

 

[aneftp]

Yea. I guess triggermaster must have missed the memo.

Usually the Republicans get a little more creative and try to argue that more money for the rich will create jobs for the poor (it doesn't) or that it will trickle down (also doesn't). And thats often enough to win over the uneducated voters

The rich will use their resources to influence politics. It just happens that the GOP are much more willing to go along with the policies that benefit the rich the most. And thats clear in the historical data as well as current policy decisions

Than explain why Obama caved to the elite rich clawbacks for up to 3 years on hedge fund. Even with super majority in 2009. That bill died a slow death.

It’s like medical malpractice for hedge funds. Obama and the elite democrats in power got lobbied to kill the bill.

The elite rich buy off the repubs and democrats. At least the republicans are transparent they are getting influenced by the ultra Rich. The elite dems talk a good game but caved in to the ultra rich as well

 

[emergentmd]

You will not be able to cashflow in any major city in Texas. It is a buy, hold, refinance, appreciation game.

Now is a good time to buy. Refinance when rates drop, refinance to pull out $$$, keep property.

 

[aneftp]

You will not be able to cashflow in any major city in Texas. It is a buy, hold, refinance, appreciation game.

Now is a good time to buy. Refinance when rates drop, refinance to pull out $$$, keep property.

People have been waiting for 2 years to refinance hoping rates would drop. We have been stuck at central bank rate of around 4.25-4.5% plus prime lending for more than a year.

I know what you are saying about buy now. Expect most people aren’t in a position with lots of extra cash laying around to do what u can do.

 

[Splenda88]

You will not be able to cashflow in any major city in Texas. It is a buy, hold, refinance, appreciation game.

Now is a good time to buy. Refinance when rates drop, refinance to pull out $$$, keep property.

I am ok not to cash flow, but breaking even is my goal and I am willing to put 20% down if necessary. Also, I am ok with Dallas suburb (20 to 30 mins away from the city proper)

 

[emergentmd]

People have been waiting for 2 years to refinance hoping rates would drop. We have been stuck at central bank rate of around 4.25-4.5% plus prime lending for more than a year.

I know what you are saying about buy now. Expect most people aren’t in a position with lots of extra cash laying around to do what u can do.

Correct. You either think/act like the rich or you are stuck like everyone else.

Those who have lots of powder stored, IMO it is a great buying opportunity. I know my local RE very well. There are lake houses where I own that has gone down 40-50% for really no obvious reason other than rates up and rent down which will correct. In 2-3 yrs, rates will be down and rent will be up which will cause prices to go up 50%.

Those who are not able to buy/carry now will wait til it makes financial sense but then you will have a flood of buyers to compete with.

This is just another reason why the rich gets richer and advantage most do not have.

Let me give you an example of buy when there is blood/fear on the streets.

Covid hit, no one was renting or even looking at home. I bought a property for 375K which I knew was worth at least 500K. Cost me about 150K to close/renovate. In about 1 yr, house appraised at 700k. I refinanced and took out 200K. Now I own a property I was paid 50K to buy and have about 300K equity in.

I feel there are fear in the RE market and it is a good time to buy. But yes, you have to have powder.

 

[deleted87051]

Correct. You either think/act like the rich or you are stuck like everyone else.

Those who have lots of powder stored, IMO it is a great buying opportunity. I know my local RE very well. There are lake houses where I own that has gone down 40-50% for really no obvious reason other than rates up and rent down which will correct. In 2-3 yrs, rates will be down and rent will be up which will cause prices to go up 50%.

Those who are not able to buy/carry now will wait til it makes financial sense but then you will have a flood of buyers to compete with.

This is just another reason why the rich gets richer and advantage most do not have.

Let me give you an example of buy when there is blood/fear on the streets.

Covid hit, no one was renting or even looking at home. I bought a property for 375K which I knew was worth at least 500K. Cost me about 150K to close/renovate. In about 1 yr, house appraised at 700k. I refinanced and took out 200K. Now I own a property I was paid 50K to buy and have about 300K equity in.

I feel there are fear in the RE market and it is a good time to buy. But yes, you have to have powder.

Around here both rental and sales market was bonkers during the pandemic.

 

[Splenda88]

Correct. You either think/act like the rich or you are stuck like everyone else.

Those who have lots of powder stored, IMO it is a great buying opportunity. I know my local RE very well. There are lake houses where I own that has gone down 40-50% for really no obvious reason other than rates up and rent down which will correct. In 2-3 yrs, rates will be down and rent will be up which will cause prices to go up 50%.

Those who are not able to buy/carry now will wait til it makes financial sense but then you will have a flood of buyers to compete with.

This is just another reason why the rich gets richer and advantage most do not have.

Let me give you an example of buy when there is blood/fear on the streets.

Covid hit, no one was renting or even looking at home. I bought a property for 375K which I knew was worth at least 500K. Cost me about 150K to close/renovate. In about 1 yr, house appraised at 700k. I refinanced and took out 200K. Now I own a property I was paid 50K to buy and have about 300K equity in.

I feel there are fear in the RE market and it is a good time to buy. But yes, you have to have powder.

That is extreme. I have not heard of any market that went down 40-50%. Even Austin TX that has gone bonkers, the highest I have heard is 20% down.

 

[emergentmd]

Lake LBJ area has gone down 40%+ from peek. Haven't really looked at the numbers closely but the high end homes are sitting forever and taking major price cuts.

But you are right, Austin down 20% but homes not moving. Sellers sitting on homes rather than lowering prices b/c they got in at a low rate so can wait the market out.

 

[UscGhost]

Than explain why Obama caved to the elite rich clawbacks for up to 3 years on hedge fund. Even with super majority in 2009. That bill died a slow death.

It’s like medical malpractice for hedge funds. Obama and the elite democrats in power got lobbied to kill the bill.

The elite rich buy off the repubs and democrats. At least the republicans are transparent they are getting influenced by the ultra Rich. The elite dems talk a good game but caved in to the ultra rich as well

Its not hard.

Nobody said that Democrats only benefit the poor and never the rich. Its simply that the dem policy needle is shifted towards the poor and the GOP policy needle is shifted towards the rich. That's been proven in the economic data, wealth disparity changes, etc

Any specific single policy is affected by lobbyists, special interests, overall compromises, election timing, and innumerable other factors

 

[aneftp]

Its not hard.

Nobody said that Democrats only benefit the poor and never the rich. Its simply that the dem policy needle is shifted towards the poor and the GOP policy needle is shifted towards the rich. That's been proven in the economic data, wealth disparity changes, etc

Any specific single policy is affected by lobbyists, special interests, overall compromises, election timing, and innumerable other factors

U always talk about going after the super rich.

The dems had a wide open lane to go after the super rich. They are just as guilty as the republicans on protecting the super rich.

 

[rowsdower88]

U always talk about going after the super rich.

The dems had a wide open lane to go after the super rich. They are just as guilty as the republicans on protecting the super rich.

I.R.S. Upheld a Biden Pledge: More Audits, but Only on the Wealthy

At the same time, the audit rate for those making under $500,000 declined slightly in 2024, fulfilling a promise by the Biden administration.

www.nytimes.com

Promises made, promises kept.

"It was a promise repeated many times by President Joseph R. Biden Jr.’s administration: The Internal Revenue Service would conduct more audits of wealthy Americans, but audit rates would not rise for households earning less than $400,000 per year.

Mr. Biden and the Democrats made that pledge as they bolstered funding for the I.R.S., hoping that more enforcement aimed at wealthy tax evaders would generate revenue to pay for climate and health care programs.

Republican lawmakers warned that more money for the I.R.S. would lead to more audits across the board, and that middle-class taxpayers would be targeted.

But new data released by the I.R.S. last week suggests that the agency upheld Mr. Biden’s promise in 2024. With an audit rate of 0.8 percent, people making over $500,000 on their latest return were more than twice as likely to be audited compared with the same point in the audit cycle in previous years."

 

[rowsdower88]

"Many academic tax experts say increasing enforcement is also an effective cheating deterrent. One study found that for every dollar the I.R.S. collects from an audit, it collects another $3 in the future because the individual will be less likely to dodge paying taxes. Other studies have found that people pay more in taxes when they hear someone else was audited."

 

[UscGhost]

U always talk about going after the super rich.

The dems had a wide open lane to go after the super rich. They are just as guilty as the republicans on protecting the super rich.

Based on what?

 

[aneftp]

Based on what?

All this income disparity talk. If Congress wanted to go after the super rich. They can. They have no intention. All these Medicare surtaxes are on working earned income. Even the net investment income surtax Medicare is mainly based on earned income and not on non earned income.

The Dems knew what they were doing when they passed Obamacare. Without indexing for inflation. U gotta be the biggest democrat homer to be in denial and not understand this ACA law.
It was meant to get hurt the middle and upper middle class due to no indexing for infatokj

200k in 2009 is like 300k? Now?

 

[UscGhost]

All this income disparity talk. If Congress wanted to go after the super rich. They can. They have no intention. All these Medicare surtaxes are on working earned income. Even the net investment income surtax Medicare is mainly based on earned income and not on non earned income.

The Dems knew what they were doing when they passed Obamacare. Without indexing for inflation. U gotta be the biggest democrat homer to be in denial and not understand this ACA law.
It was meant to get hurt the middle and upper middle class due to no indexing for infatokj

200k in 2009 is like 300k? Now?

Show me on this doll where the ACA touched you

Meanwhile Trump enacts tariffs which effectively raises taxes for the poor and uses those funds to offset tax cuts that favor the wealthy.

 

[Splenda88]

Show me on this doll where the ACA touched you

Meanwhile Trump enacts tariffs which effectively raises taxes for the poor and uses those funds to offset tax cuts that favor the wealthy.

Let's see if I will be saving 20k+ in taxes according UPenn Wharton School of Business.

 

[aneftp]

Show me on this doll where the ACA touched you

Meanwhile Trump enacts tariffs which effectively raises taxes for the poor and uses those funds to offset tax cuts that favor the wealthy.

I paid 19k extra in Medicare surtaxes taxes due to the surtaxes last year. That’s a ski vacation I’m missing out on.

My healthcare is much more expensive as well. I’m only lucky to hatch into a state loophole where I only pay $180/month with no deductible with florida blue cross/united/aetna huge nationwide network and $20 co pay for the family but that plan goes up to $2000 a month in Jan 1 2026.

That’s me. Tell me how the democratic tax policies generate more revenue from Warren buffet who famously admits he pays less taxes percentage wise than his secretary. Democratic tax polices are design to evade taxes

And here is another example of why I use ploktin (GameStop hedge fund fiasco) and Stephen a cohen (New York Mets owner) as prime examples. They are book crooks/partners in crime. Only to use lobbyists to continue their game.

“Over 2015 and 2016, Point72 Asset Management earned $344 million in profits; 99.98% of that went to the limited partner and was declared exempt from Medicare tax. While those profits were subject to the 40% income tax rate (as much as $136 million in tax), Cohen’s returns showed $0 in self-employment income both years, helping him avoid up to $11 million in Medicare tax.”

How a Decades-Old Loophole Lets Billionaires Avoid Medicare Taxes

Some of Wall Street’s richest and most powerful figures are using a legal loophole to avoid paying millions of dollars in taxes earmarked for health care, a ProPublica investigation found.

www.propublica.org

 

[DarkHorizon]

The thread is ok. Anyone here who already has paid off their mortgage?

Paid cash for my house…. No mortgage

 

[Splenda88]

Paid cash for my house…. No mortgage

Did you buy prior to the covid19 pandemic?

 

[DarkHorizon]

Did you buy prior to the covid19 pandemic?

No, 18 months ago.

 

[Splenda88]

No, 18 months ago.

Why did decide to pay cash? Is it because of the relative high interest rate?

 

[aneftp]

I.R.S. Upheld a Biden Pledge: More Audits, but Only on the Wealthy

At the same time, the audit rate for those making under $500,000 declined slightly in 2024, fulfilling a promise by the Biden administration.

www.nytimes.com

Promises made, promises kept.

"It was a promise repeated many times by President Joseph R. Biden Jr.’s administration: The Internal Revenue Service would conduct more audits of wealthy Americans, but audit rates would not rise for households earning less than $400,000 per year.

Mr. Biden and the Democrats made that pledge as they bolstered funding for the I.R.S., hoping that more enforcement aimed at wealthy tax evaders would generate revenue to pay for climate and health care programs.

Republican lawmakers warned that more money for the I.R.S. would lead to more audits across the board, and that middle-class taxpayers would be targeted.

But new data released by the I.R.S. last week suggests that the agency upheld Mr. Biden’s promise in 2024. With an audit rate of 0.8 percent, people making over $500,000 on their latest return were more than twice as likely to be audited compared with the same point in the audit cycle in previous years."

Audits are not the same as closing tax loopholes. You should know that.

 

[rowsdower88]

Audits are not the same as closing tax loopholes. You should know that.

Maybe you should reread your post I was responding to. You didn't mention "closing tax loopholes" there.

U always talk about going after the super rich.

The dems had a wide open lane to go after the super rich. They are just as guilty as the republicans on protecting the super rich.

My post responded to your sentiment here. I gave you an example of the Dems going after the rich. The parties are not the same here.

 

[aneftp]

Paid cash for my house…. No mortgage

Hard to pay 3.5 million dollar cash for a home in silicone valley less than 5-6 years out of residency

700k-800k cash is doable especially with increase in equity from before 2022 for those who owned homes before that time period as home values went up big time

 

[aneftp]

Maybe you should reread your post I was responding to. You didn't mention "closing tax loopholes" there.



My post responded to your sentiment here. I gave you an example of the Dems going after the rich.

Again. U won’t respond (u or usc) as i treat both of you the same. You won’t acknowledge when dems have super majority especially after the financial crash they never focus on clawbacks of big profits from hedge fund. These hedge fund and similar entities continue to operate like business as usual

We talked about Medicare taxes and I mention crooks like plokin and sac using the same Medicare loopholes that’s existed for decades. Again. Why don’t they change those laws? Audits mean nothing. Closing loopholes (like the social security loophole) Obama closed around 2014? Except guess who that hurt the most? The upper middle class who wanted to retire early and collected social security early at age 62 and “repaid” it back interest free at age 67 to get the higher step up social security benefits. Obama clossed
That and hurt us henrys. He didn’t touch the ultra rich Medicare tax loopholes

 

[Splenda88]

Hard to pay 3.5 million dollar cash for a home in silicone valley less than 5-6 years out of residency

700k-800k cash is doable especially with increase in equity from before 2022 for those who owned homes before that time period as home values went up big time

That is still a lot of money.

I remember when I started my first attending job, I had a young colleague (3 yrs out) who was relocating to a MCOL area. I was shocked when she told me she was gonna pay in full a ~450k home. I just did not realize you can save that kind of money in 3 yrs when you make 350-400k/yr.

 

[rowsdower88]

Again. U won’t respond (u or usc) as i treat both of you the same. You won’t acknowledge when dems have super majority especially after the financial crash they never focus on clawbacks of big profits from hedge fund. These hedge fund and similar entities continue to operate like business as usual

We talked about Medicare taxes and I mention crooks like plokin and sac using the same Medicare loopholes that’s existed for decades. Again. Why don’t they change those laws? Audits mean nothing. Closing loopholes (like the social security loophole) Obama closed around 2014? Except guess who that hurt the most? The upper middle class who wanted to retire early and collected social security early at age 62 and “repaid” it back interest free at age 67 to get the higher step up social security benefits. Obama clossed
That and hurt us henrys. He didn’t touch the ultra rich Medicare tax loopholes

I don't expect to get all of my policy priorities when I go to vote. -shrug- I'm not you, I don't vote for the most chaotic option with the end goal of destabilizing the system because I'm not getting everything I want. I don't know what deals were struck to get the ACA across the finish line.

I was very happy to see increased IRS funding under Biden, and I'm very disappointed to lose it under Trump. Those are very different policy preferences. My point here is that the parties are not the same.

 

[DarkHorizon]

Why did decide to pay cash? Is it because of the relative high interest rate?

Interest rate over 7 percent. Bought in a competitive market so I just offered cash. Very happy to not have a mortgage.

 

[DarkHorizon]

Hard to pay 3.5 million dollar cash for a home in silicone valley less than 5-6 years out of residency

700k-800k cash is doable especially with increase in equity from before 2022 for those who owned homes before that time period as home values went up big time

I paid nearly 1.5 mil for mine. Being Ortho helped. But I agree with you in grand scheme of things. I just didn’t want a 7 plus % mortgage.

 

[aneftp]

I don't expect to get all of my policy priorities when I go to vote. -shrug- I'm not you, I don't vote for the most chaotic option with the end goal of destabilizing the system because I'm not getting everything I want. I don't know what deals were struck to get the ACA across the finish line.

I was very happy to see increased IRS funding under Biden, and I'm very disappointed to lose it under Trump. Those are very different policy preferences. My point here is that the parties are not the same.

Funding doesn’t generate as much revenue and it’s not a gurantee as changing and closing tax loopholes

The social security loophole Obama closed did a lot of damage to us Henry

 

[Splenda88]

I paid nearly 1.5 mil for mine. Being Ortho helped. But I agree with you in grand scheme of things. I just didn’t want a 7 plus % mortgage.

Wow.

How many years have you been practicing as an attending?

 

[DarkHorizon]

Wow.

How many years have you been practicing as an attending?

At the time, 5 years. 6 plus years now.

 

[finalpsychyear]

Hard to pay 3.5 million dollar cash for a home in silicone valley less than 5-6 years out of residency

700k-800k cash is doable especially with increase in equity from before 2022 for those who owned homes before that time period as home values went up big time

For a primary residence paying all cash usually is not the best return with interest write offs esp with salt limits increasing vs dumpinh cash in voo.

But psychologically it feels good or nearing retirment may make sense. The ortho guy may be killing it $$ wise so for him probably doesnt matter anyways.

 

[Splenda88]

For a primary residence paying all cash usually is not the best return with interest write offs esp with salt limits increasing vs dumpinh cash in voo.

But psychologically it feels good or nearing retirment may make sense. The ortho guy may be killing it $$ wise so for him probably doesnt matter anyways.

I don't know. I think it is a good move at 7% interest rate.

Ortho probably don't make a lot more than anesthesiologist in this current market. 500-600k vs. 650k-750k is not a huge difference in the grand scheme of thing

 

[aneftp]

For a primary residence paying all cash usually is not the best return with interest write offs esp with salt limits increasing vs dumpinh cash in voo.

But psychologically it feels good or nearing retirment may make sense. The ortho guy may be killing it $$ wise so for him probably doesnt matter anyways.

6-7% mortgage interest only 750k of it tax deductible and not fully tax tax deductible with salt cap.

You are likely paying 35k-45k a year in interest alone

While it depends on everyone financial situation. Say u have 2 million taxable money available readily. Dropping 750k cash to pay off a home makes sense as that still leaves u with 1.25 million taxable money to pay with.

You are immediately giving yourself a guaranteed 10% return on ur cash payment as opposed to risking it on the stock market going up 10% (it’s up 12-15% this year despite all the April turmoil).

 

[aneftp]

I don't know. I think it is a good move at 7% interest rate.

Ortho probably don't make a lot more than anesthesiologist in this current market. 500-600k vs. 650k-750k is not a huge difference in the grand scheme of thing

Most young general Hospital employed hospital ortho make 650-750k. Base plus rvu incentives. You are correct.

 

[kidthor]

6-7% mortgage interest only 750k of it tax deductible and not fully tax tax deductible with salt cap.

You are likely paying 35k-45k a year in interest alone

While it depends on everyone financial situation. Say u have 2 million taxable money available readily. Dropping 750k cash to pay off a home makes sense as that still leaves u with 1.25 million taxable money to pay with.

You are immediately giving yourself a guaranteed 10% return on ur cash payment as opposed to risking it on the stock market going up 10% (it’s up 12-15% this year despite all the April turmoil).

Yeah plus you may get the seller to accept a lower purchase price if it’s all cash. I personally would rather pay 750-800K now and be done with it…