tag:blogger.com,1999:blog-29579128.post117132804152027566..comments2023-12-24T02:29:14.724-05:00Comments on Penny Foolish: A better planUnknownnoreply@blogger.comBlogger8125tag:blogger.com,1999:blog-29579128.post-1172197472860441582007-02-22T21:24:00.000-05:002007-02-22T21:24:00.000-05:00Yes, I change it whenever there is a big change. I...Yes, I change it whenever there is a big change. In this case I deposited some more money into savings and some into my IRA. Don't have many holdings, and I only include my contributions to retirement, so it's easy to keep track.Kirahttps://www.blogger.com/profile/05991840729281607982noreply@blogger.comtag:blogger.com,1999:blog-29579128.post-1172191090030899432007-02-22T19:38:00.000-05:002007-02-22T19:38:00.000-05:00hmm I notice your net worth is positive now, it se...hmm I notice your net worth is positive now, it seems that you change it a few times a month instead of monthly??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29579128.post-1171741072152211152007-02-17T14:37:00.000-05:002007-02-17T14:37:00.000-05:00I won't be getting a tax return - in fact, I will ...I won't be getting a tax return - in fact, I will be paying almost $5,000 in extra taxes this year from starting a business. =) This really won't be a financial squeeze for me since I'm essentially returning to the same income level I was before I got the new job - I'll be using CashDuck money to fund the IRA.Kirahttps://www.blogger.com/profile/05991840729281607982noreply@blogger.comtag:blogger.com,1999:blog-29579128.post-1171556916925326812007-02-15T11:28:00.000-05:002007-02-15T11:28:00.000-05:00are you getting a tax return? If so, why don't yo...are you getting a tax return? If so, why don't you use it to max out your roth ira. you don't need to be in a hurry to max out the Roth. Depending on your emegency savings and other savings levels, putting yourself on a squeeze for the next couple of months may not be so wise.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29579128.post-1171415567460485662007-02-13T20:12:00.000-05:002007-02-13T20:12:00.000-05:00Yes, where I work there is a mandatory pension pla...Yes, where I work there is a mandatory pension plan (as I am technically a state employee, this is in lieu of contributing to Social Security) and I have 9.5% or so of my pay automatically put into the pension plan - or in my case, directly into the 403(b). That happens whether or not I do anything and is mandatory. The university contributes about 14% of my pay also without me doing anything.Kirahttps://www.blogger.com/profile/05991840729281607982noreply@blogger.comtag:blogger.com,1999:blog-29579128.post-1171408082386327962007-02-13T18:08:00.000-05:002007-02-13T18:08:00.000-05:00Those are awesome numbers! Regarding the involunta...Those are awesome numbers! Regarding the involuntary contributions - does that mean you HAVE to contribute to a plan at your work no matter what? And your work also contributes to your retirement account?Well Heeled Bloghttps://www.blogger.com/profile/01018900786722067679noreply@blogger.comtag:blogger.com,1999:blog-29579128.post-1171388839667859562007-02-13T12:47:00.000-05:002007-02-13T12:47:00.000-05:00I am so green with envy, it is sickening. You go ...I am so green with envy, it is sickening. You go girl!!!<BR/><BR/>You financial security is being set up and you will enjoy the ride.<BR/><BR/>This will work much better, in my eyes, why risk a paper work snapfoo that can cause some tough financial times when you are doing so well.<BR/><BR/>Congrats again!!!<BR/><BR/>your jealous online friend!Denise Mallhttps://www.blogger.com/profile/13253101883627114010noreply@blogger.comtag:blogger.com,1999:blog-29579128.post-1171381599758173492007-02-13T10:46:00.000-05:002007-02-13T10:46:00.000-05:00Yow--this is amazing! The awesome thing is that b...Yow--this is amazing! The awesome thing is that by starting off with such high contribution levels, you'll avoid having the "oh God, I need to cut my lifestyle <I>way back</I> to contribute to retirement!" panic attack in your late 30s, which means your lifestyle will slowly but steadily expand--you can totally skip that sense of deprivation. (And at some point, you might even be able to <I>reduce</I> your contributions.) That's pretty exciting.English Majorhttps://www.blogger.com/profile/00276582833751319518noreply@blogger.com