Category Archives: Retirement
I Filed My 2007 Taxes And Funded My Vanguard SEP-IRA With Waived Fees And No Minimum Investment Requirements
I just finished filing my taxes. I must say, even with the addition of a little ‘business income’, the whole process was pretty mundane. I had under-withheld by about $400, which isn’t bad, considering that I didn’t really ‘know’ what my annual income was going to be. I didn’t have to pay any penalties. The [...]
How Much Does It Cost, Per Month, To Fully-Fund Various Retirement Accounts?
I’ve been doing a few calculations – figuring out how much it costs, per month, to fully-fund various retirement accounts. 401(k) and 403(b) plans – (Contribution limits are for those under 50. Certain plans offer ‘catchup contributions’ for those over 50.) Contribution limits for 2008 – $15,500 Contributions can be made for income earned January [...]
Contribution Goals And Time Frames For Retirement And Education Savings Accounts
I like to create simple, easy-to-understand, financial goals. I have created a chart, outlining my ‘contribution goals’ for the next few months. I will make contributions to two Roth IRAs, two Education Savings Accounts, and a SEP-IRA. (I also contribute to a 403b through work and my wife contributes to her pension plan. The chart [...]
Trying To Decrease My Taxes, I Have Opened A SEP-IRA
I have spent the last few hours working on my income tax return. In an effort to decrease my tax liability for 2007, I have opened a SEP-IRA. A SEP-IRA (Simplified Employee Pension) can be established and funded by a self-employed owner of a business. Since ‘No Credit Needed’ managed to make a little money [...]
