Monthly Archives: July 2015

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)
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.


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.
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.