Taxes
My Plan For The Tax Refund
March 28, 2008 :: Taxes :: 15 Comments
Hank at My Investing Blog is hosting a giveaway with a few prizes up for grab. There are a couple of ways to enter, and one is by answering the following question: How will you spend/save your 2007 tax return? If you aren’t getting one, how much do you owe? Photo by ...
You Must File 2007 Federal Tax Return To Get Economic Stimulus Tax Rebate
March 14, 2008 :: Taxes :: 15 Comments
On my way to work this morning, the news was talking about the economic stimulus tax rebate check. In short, the Treasury will begin sending economic stimulus payments to more than 130 million households starting in May. Adopted from Economic Stimulus Payment: Marketing Products for Partners To receive this tax rebate, there ...
2007 Tax Year Returns Are Done!
February 25, 2008 :: Taxes :: 17 Comments
I finally completed and filed my 2007 tax returns. Normally, I prepare my own taxes with TaxCut; however, this is the first year that I use the TaxCut Premium Online Federal + State + E-File version. I thought the online version was just as good as the desktop version, and ...
TaxCut Online and 2007 Tax Law Changes
January 28, 2008 :: Taxes :: 8 Comments
There has been a lot of talk about the economic stimulus package and tax rebate among the personal finance bloggers last week. Today, I am going to shift gear a little and start talking about income tax return. Traditionally, I use TaxCut to prepare my tax, but this year ...
Would You Like to Pay My Taxes?
December 27, 2007 :: Investing, Taxes :: 16 Comments
This question came to me when I was reading The Dough Roller's post about why do mutual funds close to new investors. Part of the post read: "...taxes for existing investors went up after a fund closed. Why? Because there was no longer an influx of new investors to share ...
Mutual Fund Double Whammy
October 24, 2007 :: Investing, Taxes :: 7 Comments
I just got hammered by a mutual fund double whammy. Since I bought my SSgA Tuckerman Active REIT (SSREX), it lost nearly 6%, then the fund distributed $2.9418 per share last Friday. The end result? The fund is now down almost 20% and I will have to ...
529 College Savings Plan for Our Son
October 12, 2007 :: Education, Investing, Taxes :: 21 Comments
Last month, I created a plan to save $5,000 a year for my son's college savings. With a 10% CAGR, a contribution of $5,000 per year should grow to $250,000 in 17 years. At that time, I didn't know what was the best investment vehicle for this plan. After a ...
Impact of Taxes, Inflation, and Currency Illustrated
October 9, 2007 :: Investing, Taxes :: 11 Comments
After I wrote "The Weak Dollar is Killing Americans’ Wealth" for Consumerism Commentary last Thursday, I was still intrigued by this new perspective on wealth. As a visual person, I thought this alternative look at the same concept may be easier to grasp and would like to share ...
Saving $250,000 for my son’s college education
September 10, 2007 :: Education, Investing, Taxes :: 24 Comments
In "My kid’s college costs will be $467,000! Are you kidding me?," I may have gone too far toward the worst case scenario. After additional research at Savingforcollege.com, a more realistic number should be around $250,000 for 2024. Although I have not decided on the exact investment vehicle, ...
