So I talked to a broker at Scottrade today

and my mother’s broker, so hopefully in the next week or so we’ll get things moved over.

I know DR suggests that your investments be divided equally into 4 types of mutual funds:
growth and income (large cap)
International
Aggressive Growth (small cap)
Growth (mid cap)

Does anyone do % differently here? At the end of the day, it’s not going to be a huge dollar amount which comes my IRA way, so while in theory 9500/4 x 12% is the same money, it sure feels different when it’s just 9500 x 12%.

I am SO torn. I guess it’s because I really want it to grow “fast” since there’s not a lot of time between me and “retirement” and we have paid so much stupid tax in our lives. On the other hand, I am grateful, for real. This is not money I ever expected to have, so I do want to be wise with it.

Thoughts?

I don’t know how old your kids are

but in addition to dual enrollment, there are a few more options to consider.

Concurrent enrollment is where kids get college credit without getting high school credit. So it’d be on top of their regular schoolwork, but….(note: different schools use different terms for different things). For example, my daughter took just two dual enrollment the first semester, but since she did well, she was allowed to take up to four classes the second semester. We had to pay for the second two that semester but it was community college so cheaper than taking Comp II or Literature with the college learn more here instant approval payday loans. Another thing I’ve seen in a few places are college programs you can do all of your 11th and 12th grade years while getting an associates degree. These are public school programs (usually), but at the community college. They usually have a focus (like the one at Richland College, Dallas, TX is focused for math, science, and leadership). There is additional support (and usually additional work). The student often has to be at the school the full amount of school hours (not just what it takes to take a full load). But it’s free to get 60+ credits which is nice. We decided not to go this route due to other priorities, but it seems like an excellent way to go for many families.
money
Of course, there are some pay options also. Many universities have had a program like the one above for years (I considered one when I was in high school). And then if your student is highly gifted, you might consider Stanford University’s distance learning high school. BTW, Stanford’s programs for youth have a very generous financial aid program. We were able to get most of the amount reduced when my daughter took classes through EPGY.

As time goes by, no doubt there will be many more options come available. I think this is only a good thing. The more options, the more students getting a better education :) I’m glad public and private resources are coming up with GREAT ideas.

Taxes, slavery, unemployment and diseases..

all contributed, to the fall of Rome (yee ha) to the fall of Rome…

It’s a little jingle my kids learned homeschooling to remind them of some of the headlines for certain subjects they were studying.

Based on feedback here, I had pretty much decided just to take the tax hit and keep the inherited money liquid vs putting it into an IRA.

Then I did our 2014 taxes for real (more or less, the tax tables haven’t been published yet).

If I DON’T put $6500 in an IRA for 2014, my tax bill is a whopping $2,213, that I have to PAY.

If I DO put $6500 in an IRA for 2014, I get a $262 REFUND (more or less depending on what the real tax table comes out to.)

It’s just not worth it to give the government $2200 in TAXES for 8 months of liquidity. We can each pull out $10k to buy a first home without penalty.

Yikes. I knew there would be a tax hit, but I didn’t think it would be THAT bad. Well, I guess I did know. I was thinking if I elected for them to take 20% out for taxes (which would have come to $1800), then the tax hit wouldn’t be so bad. It still would have been bad, it just would have hit earlier.

I have never willingly had a Capital One Card, and I never will

Yet fb keeps putting those so and so likes ads on my feed. I couldn’t get to sleep so I started reading the thousands of replies to that post. I am thrilled to say roughly 90% of the replies were do NOT get this or any other credit card, but especially not this one. DR was mentioned, often with a link to his website numerous times, along with his photo.

I bet that was not what Capital One had in mind when they signed up with fb.

Then there was this one post that I fell in love with “A three-inch piece of plastic can sure dig a hell of a hole…”

So this week passed with dh finally getting out of the hospital

That was well worth a shout of glee. I ran the numbers and my staying with dh only cost us $15.73 per day on average. Far cheaper than driving back and forth would have been.

When I worked on the budget yesterday I discovered that our ss cost of living raise was on our Dec checks. We hadn’t expected it until January. That was a pleasant surprise.

Dh got out of the hospital on 12/31 and the doctor visits are follow ups so we should be just paying 1 year of deductible instead of 2 right now.

Dh’s PTO ran out last week, but his employer called and reminded him he had been paying for short term disability and would qualify for it after 15 days. That will be the 7th. We started filing the paperwork today.

Because Dr J says it will be a MINIMUM of 9 more days before dh will be released to go back to work, probably longer. The office is pushing the paperwork through for us.

So I know I have to put the max into an IRA

contribution for 2014 so that I can avoid paying $2300 in taxes to the Feds. But since I have until April to make contributions, why WOULDN’T I want to put as much as I can under DH’s name thus lowering our tax liability even further, increasing our “refund”, which really means it will pay off/toward our old 2010 Fed Tax Bill?

I could keep it in the MMA (his) until April 1 as a part of the FFEF, then write a check to fund his traditional IRA.

Lightbulb on or burned out?

Even if we don’t do it this year, I’m thinking I’m going to be needing to do it going forward. We just won’t have any other way to lower our taxable income than making max contributions to an IRA unless he works somewhere that lets him put more than $13000 in a 401k.

Car loan question for a friend

I have a friend I have been helping learn the Dave plan. She is debt free except her car including her paid off house. Her car is pretty newish 0% interest till paid off with only 14 payments left. She has her baby emergency fund and is a single mother. Do you think she should keep the small efund and pay off the car ? Or fund the full emergency fund and keep making the payments ? Paying the car off early saves no money. As a mom myself I lean toward the bigger efund. Opinions ?

I love your bright spot in the middle of

all the chaos! We had a similar billing glitch about 26 years ago with dd that would have cost us in the 10’s of $1,000’s of dollars. Fortunately God blessed us with an unexpected discharge before surgery …. only so this glitch could be discovered. We were so thankful that the surgery was delayed about a week for it to be figured out with no detriment to dd. Tell your dh we are all cheering him on to better health this year …. and for you to be able to get some sleep!

Last week was seeing the faint whispers of

a normal life return to the Patterson household. Yesterday morning dawned with dh feeling better than he had in weeks and looking forward to going back to work this Thursday.

That lasted right up until about noon when severe pain in his back and nausea started. It got worse all day long and by 9 we were headed for er.

6 hours in er later they finally gave him pain meds. 6 hours after that he was admitted to a room. Shortly after that he was wheeled out for surgery for a lodged 5 mm kidney stone.

That was 1.5 hours ago, I am told it will be at least another hour before he is back in the room. It has been a long 24 hours.

Wait for it, here it comes, my Pollyana bright spot in all of this. While admitting him last night I accidentally discovered that they did not have his medicare card on file, which means medicare had not been billed for last month’s 8 day stay. How is this a bright spot you ask.

I caught it before we had been billed, so I notified the business office and they are now re billing blue cross for more money, and will also bill medicare and the nearly $4000 we were going to owe will drop in half or less. That is a huge bright spot.