Financial Planning

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Financial planning: How you can be a millionaire in 25 years. Also check out my other video on managing your investments. If you have any questions, leave a comment. Presentation slides: docs.google.com Presentation by Rajiv Prabhakar. Amendments: – Mortgage interest payments are tax deductible, but not mortgage payments themselves – Using 401(k) to buy a house: I found the following warning online “It is possible to use a 401k to purchase a home, as long as you can prove that it would cost less in the long run to use your existing 401k equity than face the alternatives, such as mortgage insurance, a second mortgage or disadvantageous mortgage terms. However, the Internal Revenue Service makes it very difficult, and it is all but impossible to complete the maneuver without facing stiff penalties and taxes”

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