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Updated My Federal Tax Withholding

by Flexo

I’m a little concerned. I’m making more taxable income this year outside of my full-time job, but my tax withholding was calculated based on only my full-time income. Last year I had a few thousand dollars extra income, but I was able to use related expenses and my SEP IRA to offset a good portion ... Continue reading this article…

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Personal Balance Sheet, April 2006 ($49,835, +6.79%)

by Flexo

My net worth as of April 30, 2006 is $49,835. I’m so close to $50,000, I can smell it. Here are the details.

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TIAA-CREF Funded My SEP IRA!

by Flexo

TIAA-CREF has finally come through! You may have been following the saga. If not, here’s the short version: In order to reduce my tax liability from self-employment income, I wanted to open a SEP IRA. The SEP IRA lets you contribute tax-free beyond the Traditional/Roth IRA limit, but only as an employer. I employ myself ... Continue reading this article…

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TIAA-CREF Didn’t Fund My SEP IRA

by Flexo

In order to reduce my 2005 taxes a little, I decided to throw some of my self employment income into a SEP IRA. The great thing about SEP IRAs is that I can invest above and beyond the normal contribution limit for Traditional and Roth IRAs as well as beyond the employer 401(k) plan offered ... Continue reading this article…

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