About Me

Steve

45, married, one kid. Family practice physician. Frugal since birth. Raised by frugal parents. Trying to teach my daughter the same.

2009 Ebay Challenge Progress
Goal: Avg. Sales of $100/month
January Total: $208.99
February Total: $175.08
March Total: $132.43
April Total: $34.24
June Total: $23.99
July Total: $0
August Total: $0
September Total: $166.45
October Total: $27.48

2009 ROTH Contributions
Goal: $10,000
Progress: $10,000

Sent Tax Refund to my Roth - $1,230.00

March 29th, 2008 at 04:37 pm

As I posted earlier, we ended up getting a tax refund this year when I fully expected to owe a couple thousand dollars. The state refund came in this week. We owe about $900 to federal which will come out on 4/15. The net gain is $1,230.00 so I just transferred that amount to my Roth account. I figure it is $1,230 I didn't expect to have so I'd put it all into savings and help get the Roths maxed out sooner. Now I only need another $1,840 to max mine and $3,000 for my wife's.

Posted in Personal Finance | 8 Comments »

8 Responses to “Sent Tax Refund to my Roth - $1,230.00”

creditcardfree Says:
March 29th, 2008 at 06:01 pm

Great!! Everything seems to be on sale as far as mutual funds are concerned, too.
disneysteve Says:
March 29th, 2008 at 07:11 pm

True. That's part of why I'm trying to accelerate my contributions this year. This particular money went to Vanguard Health Care which is off over 9% so far this year.
terri77 Says:
March 29th, 2008 at 08:29 pm

That's a great unexpected surprise to see a tax refund! Too bad that we don't always get unexpected money.
luxlivingfrugalis Says:
March 30th, 2008 at 05:42 am

Great job tucking it away!
Ima saver Says:
March 30th, 2008 at 08:11 am

Great!!
Amber Says:
March 30th, 2008 at 09:00 am

Good for you, on saving it rather than spending
disneysteve Says:
March 31st, 2008 at 05:54 pm

The stimulus rebate check will be going to the same place if the Roths aren't maxed by then. If they are, it will go toward repaying our home equity loan.
luxlivingfrugalis Says:
April 1st, 2008 at 07:19 am

You're one smart cookie!

Disneysteve's Common Cents Blog

Thoughts, observations, tips & advice on living below your means, staying out of debt, etc

Sent Tax Refund to my Roth - $1,230.00

8 Responses to “Sent Tax Refund to my Roth - $1,230.00”

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