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I Have 60 000 Dollars And No Idea What To Do With It

How much would I bring home making 60000 dollars a year in seattle?

In 2014 I made $60,198 in gross income from all sources, including salary and wages, interest income, dividends, and other.I am single, no kids, no wife. I took standard deduction of $6,200.My tax was: $8,233.That's a tax rate of 13.6%I live in Seattle and I'm a Dental Hygienist.So to answer your question: Assuming you are like me you would bring home roughly $51,965 after taxes, because that's exactly what I took home.

Help with spending 75,000 dollars on Education!!1?

Well, according to this question, it doesn't say that you have to spend $75,000 on only your education. So put that you would use how much you need for college, then you would give the rest to other people who want to go to college. 0:-) But some colleges cast a whole lot more than 75,000 dollars so you could invest in on of those colleges too, Or you could spend some on college and then spend the rest on school supplies like text books, #2 pencils, and stuff like that since that's part of helping you learn.

I make 60000 dollars a year how much i will have to pay for child sopport?

Put it this way no more cable TV or going out to eat dinner or dates you will have just enough to pay your bills.

I'm 18 years old and wish to take out a 60,000 dollar loan to purchase a trailer. Is this at all possible?

I am an 18 year old college student with no credit. I live with my parents and have no car of my own (no collateral). The only thing I feel I have going for me is a steady job (albeit a low paying one). That being said, the reason I wish to take out such a loan is that I (along with a friend) would like to purchase a small trailer in a town near my own to fix up and resell. I understand the market is in the toilet right now, but I feel that I am up to the challenge (or at least I hope I am). I realize that 60,000 dollars is a whole lot of money and that if this doesn't go my way (if it's even possible) I'd be in some serious debt. Regardless, I have done much research and while I don't at all consider myself an expert on the topic of real estate, I really believe that I can do this and I think it would be worthwhile experience. If anyone has any information about someone in my position taking out a loan this large or any tips on flipping houses, I would appreciate your input. Thanks.

How much house can i afford on 60,000 dollar annual income?

It depends on you're overall debt. Banks typically want your home debt to be no more that 28% of your income and total debt no more than 35% of your income. I use the gauge of 2.25 times my annual salary is the amount of home I can purchase. In your case it would be about $135k

Is 60000 NZ dollar a good salary to survive in Auckland - NZ ?

I think you should be ok on that, its a fairly decent wage
check out http://www.trademe.co.nz/Browse/Property...
for houses currently on the market in Auckland
and
http://www.trademe.co.nz/Browse/Property...
if you are looking to rent these are current rental properties available in Auckland

I survive easily and comfortably on 35,000ish (not working fulltime) living in christchurch which is cheaper than auckland but not to the extent that you'd be suffering on 60,000. you should be perfectly fine

Any jobs that make more than $60,000 a year?

Nurse
Business analyst
computer analyst
Programmers
this is all with bachelors degree.

How much I need to save today in order to get $60,000 a year from 401k at 58? I am 32 years old and currently $70,000 in 401k. I make $100k year.

To answer your question a lot of assumptions need to be made. Too many for a realistic answer. But here are a few things to consider. Typically a young investor can afford a higher level of risk in the early years as you have time to recover from catastrophic market downturns or bear markets. These are the years where you should be investing in as much growth as possible without losing sleep at night. As you get closer to your retirement age the focus needs to change to preservation of capital more so than growth which will result in less return on your investments. You don't want to risk your nest egg a year or two before retirement with aggressive investments that can quickly erase a large percentage of your savings. You also need to accept that $60k/year may not go very far 26 years from now due to inflation.So with all that in mind to have a $60,000/year income will take roughly $1 million in invested capital … assuming a modest 5.5% rate of return during your retirement years. There are simple formulas you can use to determine how much you need to save each month to get to the $1 million mark in 26 years … but again the variables are so great I don't know how useful it would be. Plus once your balance becomes high enough your rate of return becomes much more significant than the amount of your contributions. My suggestion is to come up with annual or semi annual goals and make strategic financial adjustments as time goes by.Good luck to you!

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