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Home > Sent Tax Refund to my Roth - $1,230.00

Sent Tax Refund to my Roth - $1,230.00

March 29th, 2008 at 11:37 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”

  1. creditcardfree Says:
    March 30th, 2008 at 01:01 am 1206838895
    1206838895

    Great!! Everything seems to be on sale as far as mutual funds are concerned, too.

  2. disneysteve Says:
    March 30th, 2008 at 02:11 am 1206843065
    1206843065

    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.

  3. terri77 Says:
    March 30th, 2008 at 03:29 am 1206847792
    1206847792

    That's a great unexpected surprise to see a tax refund! Too bad that we don't always get unexpected money.

  4. luxlivingfrugalis Says:
    March 30th, 2008 at 12:42 pm 1206880956
    1206880956

    Great job tucking it away!

  5. Ima saver Says:
    March 30th, 2008 at 03:11 pm 1206889909
    1206889909

    Great!!

  6. Amber Says:
    March 30th, 2008 at 04:00 pm 1206892857
    1206892857

    Good for you, on saving it rather than spending

  7. disneysteve Says:
    April 1st, 2008 at 12:54 am 1207011240
    1207011240

    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.

  8. luxlivingfrugalis Says:
    April 1st, 2008 at 02:19 pm 1207059589
    1207059589

    You're one smart cookie!

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