I just quickly converted $15,000 into a ROTH IRA for the year, using Partial Transfers you will bring your income up by the amount of the Transfer, but in doing so move the Traditional IRA money that was growing Tax Deferred into a ROTH IRA that grows tax free, and is more favorable in estate […]
Archives for December 2013
My Response to the ‘Moustachians’ who call my spending shameful
One of my posts was recently pulled into a forum from a member of Mr Money Mustache. The site is quite well known in the ‘early retirement’ crowd as he has some legendary status as being a guy who ‘retired at 30’. I have to say, I like a lot about this guy and the […]
Credits and Deductions – Getting more from your pay check
The IRS has two general areas which we can use to reduce our tax bill each year, knowing about these, how to trigger them, and which to use can make a big difference to our take home pay and is something worth keeping a close eye on. This post will look briefly at the differences […]
Credit Card Arbitrage with the PayPal™ Prepaid MasterCard and the Barclaycard Arrival
A word of caution, this strategy is for people who can afford to float the money should things not go to plan, ready to play with Credit Card Arbitrage? This post will highlight how to leverage a couple of tools to our advantage and result in a rather attractive net profit. Also, for full disclosure, […]
Spend up your FSA Dollars Now!
Tis the season for the Government to get it’s jollies and confiscate your FSA account. The FSA is a great addition to a family budget, it is a work sponsored account that allots pre tax income to a fund that can be used to cover out of pocket, qualified medical expenses. Since the roll out […]
Advanced Trading – Creating Tax Advantages with connected trades
Options trading is an easy way to gamble on the market. Read that line again before moving on. This post will explore one of the most basic of Options Trades, and look at the ways to maximize profit by tax avoidance, cost reduction and consider the risks of the game. The gamble that occurs is […]
FAIL – $5,000 Brokerage Account – December Edition
Earlier this year I decided to challenge myself to create a Brokerage Account with a value of $5,000 within 12 months, using a combination of two things: Cash Back from Credit Card spending, and an additional deposit of $75 per month that I released from my budget by dropping Cable TV.This is the third post […]
How to Use the Fidelity 2% American Express Card with a Cash Management Account
I talk a lot about the Fidelity American Express, it is one of the very best cash back cards you could get, offering 2% in all categories, and with no annual fee, should be an addition to everyone’s wallet.A well structured, and therefore more complex Cash Back strategy would include other cards, such as the […]