Quarterly-----the wife is real good on guesstimating what we will owe. We usually end up owing less than a couple of hundred bucks. I prefer not letting Uncle Sam use my money interest free all year long. No refunds at the end of the year here if we can help it.
As opposed to earning .0005%?Quarterly-----the wife is real good on guesstimating what we will owe. We usually end up owing less than a couple of hundred bucks. I prefer not letting Uncle Sam use my money interest free all year long. No refunds at the end of the year here if we can help it.
As opposed to earning .0005%?
It has turned out that 7 out of the last 8 years , I have made more in retirement than the highest paid driver at the center . I think about it.I let them take it up front compared to what they used to take weekly it's not worth thinking about
Your retired making more now than you did full time and you get a refund? As a young guy trying to get a retirement plan figured out your my hero!#1. don't worry about it. we get a small refund every year.
my pension is only about a third of what I was making full time. but that puts us in a lower tax bracket so we get a refund.Your retired making more now than you did full time and you get a refund? As a young guy trying to get a retirement plan figured out your my hero!
I bought my first house when i was 19 and now i own one and 42k away from owning my second. All my toys are 10 years old my debt other than mortgage is 5k and i am 33.my pension is only about a third of what I was making full time. but that puts us in a lower tax bracket so we get a refund.
but you are right if we factored in a 3-4% withdrawal from the 401k, the IRA, and social security we would have a higher income than when I was working.
if you are young and planning ahead for retirement you are in the top 5% of smart people. don't have all your eggs in one basket. pension, max 401k, roth Ira's ,social security , and cash savings and you'll be OK.
the mistake most young people make is getting into debt over toys. cars, trucks, rvs, motorcycles, etc. paying interest on loans.( and credit cards ) there is nothing wrong with enjoying some toys. just buy them 3-5 years old when they have already depreciated 60-70 %.
we were lucky when we bought our home in the 90's. prices were about a quarter what they are now. I'd wait and see if there is another housing bubble crash and be ready for it by having a bunch of cash ready for a down payment.
good luck.
I bought my first house when i was 19 and now i own one and 42k away from owning my second. All my toys are 10 years old my debt other than mortgage is 5k and i am 33.
I should be driving full time within the year and hope to reach top pay and then work 10 years. Weve made a commitment to put every dime over 700 a week into an investment. My seasonal and summer vacation driving has went into remodeling the past couple of years.
Im still researching the best ways to invest and dodge taxes. Lol
Does UPS match a percentage?401k is your best bet to “dodge” taxes.
Your avatar says file file file and you are unaware that ups does not match 401k. Lmfao.Does UPS match a percentage?
No. They pay into a retirement plan on your behalfDoes UPS match a percentage?