Jinco- what I see is a need for tax planning before you make the decision to pay down the debt.
You are in a situation where if someone can save you 5% of the 210k you earn each year, we are talking about $11k. 10% would be 21k.
That is the difference between 33 and 28% tax bracket, or the difference between 35 and 25% tax brackets.
Consider tax planning to
a) avoid the amt
b) set aside money before taxes (into 401k, HSA and other accounts)
c) manage the debt as part of a larger scale financial plan
__________________
*Light travels faster than sound. That is why some people appear bright until you hear them speak.
*One person's stupidity is another person's job security.
[URL]http://jim.savingadvice.com/[/URL]
[URL]http://www.quotationspage.com/quotes/Calvin_Coolidge/[/URL]
|