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Now I just have to figure out what to do with my tax refund? What are you doing with yours?
Dreaming Big while Keeping it Real --- dreams for financial freedom with the plan of action to back it up.
Updated 2/8/09 | |
Total Net Worth | $151,362.09 |
Net Worth Comprised of | |
Retirement Savings: | $31,922.01 |
401k | $25,663.54 |
Roth IRA | $6,258.47 |
House Down Payment | $58,634.87 |
Future Car Savings | $10,286.27 |
Future Investment Savings | $0.12 |
Investments | $37,416.97 |
Emergency Fund/Money Market: | $12,416.42 |
"Cash"/Checking: | $685.43 |
4 comments:
I actually owed this year, but I'm fine with it. It wasn't too much in terms of our monthly free cash flow, so we paid it out of that.
If I received a refund, I would do the following:
1. If my refund was more than a few hundred dollars, I would figure out why. Adjust my withholdings accordingly.
2. Treat it as any other excess income -- apply it to debt, savings, or investments.
@ no debt plan - any ideas on other ways to adjust my withholdings. I've tried several of the on-line calculators and it appears I can't take but the one deduction for myself.
Apparently my W-4 works great for the State of GA since I owed a couple hundred but somehow for the Fed's I got a refund. (Don't worry I check and rechecked everything - its all on the up and up).
well i'm almost done paying off credit card debt, but i know when the federal checks come in the mail for 600 i'm gonna throw half in my Roth and half in my emergency fund....you're a bit ahead of me.....touche
@ bk brian - congrats on having your debts almost paid off. I think you're right on track...EF and Roth's the way to go.
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