I have spent the last few hours working on my income tax return. In an effort to decrease my tax liability for 2007, I have opened a SEP-IRA. A SEP-IRA (Simplified Employee Pension) can be established and funded by a self-employed owner of a business. Since ‘No Credit Needed’ managed to make a little money in 2007, I can make…
Category: Retirement
You Have 67 Days To Open A Roth IRA, Traditional IRA, Or ESA For 2007
Just a quick reminder – If you want to make contributions to a Roth IRA, a Traditional IRA, or a Coverdell ESA for 2007, you need to make them before April 15th. If you haven’t opened an account, and you want contributions to count for 2007, you have until April 15th to open the account AND fund the account. Last…
Fully-Funded My Roth IRA For 2008
I sent a check to my brokerage today, fully-funding my Roth IRA for 2008. Even though I have until April of 2009 to fully-fund my Roth, I’ve decided to move in while the market is down and buy some shares of VTI, a total market ETF. My friend Jim from Blueprint For Financial Prosperity has an excellent article about buying…