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Moneyes replied to the topic 'What is a Tax Deferred Annuity Plan?' in the forum. 16 hours 7 minutes ago

Goldbug wrote:

A Tax Deferred Annuity Plan, called a 403b, is one where you pay the money in, and do not pay the tax on it until you withdraw it, usually after you retire.

Hence the term, tax deferred. My job has something like that as well and, you're right, it is a complex thing to be a part of, but it pays well in the end

It lets the funds grow with the benefit of extra seed capital from the money you'd otherwise have paid in tax. It's a really complex topic, and I am not an accountant, so you might find this useful on the differences: http://www.403bwise.com/

Thank you for the link. Going in my bookmarks right next to the Turbo Tax bookmark.

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Moneyes replied to the topic 'Tax Breaks' in the forum. 16 hours 11 minutes ago

Breakinger wrote:

I've heard of this tax break before, but I thought that it expired back in 2009. Have they reopened it again for this year? This would be a nice deduction for me to take because I just purchased a new vehicle over the summer.

They did reopen it, yes. Mine was just a basic return too, nothing really fancy about this one. Both cars in question I am making payments on, and they are both less than 5 years old. Maybe all that comes into play, I don't know

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Moneyes replied to the topic 'Top 10 Signs' in the forum. 16 hours 15 minutes ago

Charging more than you pay should be the first indicator that people see. We need to be in the habit of paying more than we charge.

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FrugalFran replied to the topic 'What is a Tax Deferred Annuity Plan?' in the forum. 17 hours 37 minutes ago

This sounds like a really great opportunity for you. If their contribution is based on the money you earn, does that mean that at the end of four years they put 100% of what you earned that year into the plan? I've never heard of anything like this, but I have a feeling you're going to be racking up a good retirement egg.

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FrugalFran replied to the topic 'Tax Breaks' in the forum. 17 hours 40 minutes ago

This is good news to me because we also bought a car last year. I've ever heard of this before, but I'm definitely going to mention it to my accountant.

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Breakinger replied to the topic 'What is a Tax Deferred Annuity Plan?' in the forum. 18 hours 22 minutes ago

FrugalFran, how I understand it is that these are the amounts that they will put in your plan at the end of the year based on how much money you've made throughout the year. I'm hoping that I get a chance to sit in on the retirement meeting that's coming up in a few weeks. I'm not eligible to sign up yet, but it would be nice to know how it all works.

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Breakinger replied to the topic 'Tax Breaks' in the forum. 18 hours 27 minutes ago

We certainly do, Lexie. Thanks. I wasn't sure if this was something that I could still take. Do you know if there are certain states that don't allow you to claim this tax break?

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Tishbel replied to the topic 'Debt debt debt' in the forum. 18 hours 35 minutes ago

A year's worth might be difficult to reach, but its a good target. I normally hear three months, and that's what I try to keep. If you're keeping a full years reserve, that's a lot of money and I'd suggest you look at investing it somewhere that gives you a very good interest rate on it!

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Tishbel replied to the topic 'Americans' appetite for debt did them in' in the forum. 18 hours 38 minutes ago

Isn't half the problem the number of things people expect you to have nowadays, and all the attendant bills? My parents never had to pay for internet because it didn't exist, but if I want to job hunt I have to, along with the monthly bill. Same with cellphones. There are so many extra things that its just assumed you have, and they all cost money. Combined with rises in the price of basic goods, there are people relying on credit just to keep a roof over their heads, which never used to be necessary.

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Tishbel replied to the topic 'Hacked' in the forum. 18 hours 46 minutes ago

I don't know about monthly, but regular checking is a good idea. I check mine quarterly in theory. In practice I order it and actually check it maybe twice a year. It's worth keeping on top of as there can be some very odd things on it, and it's worth making sure everything is reporting correctly.

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Lexie replied to the topic 'Hacked' in the forum. 21 hours 50 minutes ago

FrankN wrote:

I also check mine about once a month and use Credit Karma to monitor as well.

Do you think it should be checked that often? I haven't checked mine in forever. However, I did just purchase a new vehicle and they checked it. I have excellent credit and I now have a car payment. Bleah!!!! LOL!!

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Lexie replied to the topic 'Bankruptcy or proposal?' in the forum. 21 hours 55 minutes ago

FrankN wrote:

Interesting LEXIE. How long did it take you for your credit rating to improve?

I will be honest and tell you that we didn't even check until after 3 years. It was acceptable then but not great. We have never been in that kind of trouble again and our credit rating is exemplary now. We paid cash for everything we did for about 7 years. I can tell you we were very embarrassed and ashamed that we had to go this route. I understand it just doesn't affect some people but we took this very seriously.

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Goldbug replied to the topic 'Short-Term Lease' in the forum. yesterday

FrankN wrote:

That is what I was saying as well. If you determine a length and do not want to continue it after the agreed upon length, you do not have to renew the lease.
If you are concerned about the admin for managing leases or tenants, you can always contact a property management company to handle the land for you. They will take a fee, but if you are quite specific about the time frame, they can make sure the business knows it will have to leave on a certain date and have the legal experience to back it up. You might find that letting the land is a profitable venture in its own right!

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Goldbug replied to the topic 'Re: investment in fractional property?' in the forum. yesterday

I don't know anyone who buys timeshares as an investment anymore, because word's got out that they are so hard to get rid of, and can be expensive to buy. If you want a safe way to invest in fractional property the safest and cheapest way might be to buy into a property fund or trust on the stockmarket.

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FrugalFran replied to the topic 'Barclays' in the forum. 3 days ago

That's all good to know, Wanderer, and based on that, I think I'll stick with Ally. They recently came out with a credit card, but I haven't looked into its terms yet. I do know their customer service has been stellar for me so far, so if ain't broke, don't fix it. :)

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Lexie replied to the topic 'Re: FTC and FCC Warn Consumers to Protect Themselves Online' in the forum. 3 days ago

I received an email yesterday from Amazon. Only it wasn't really from Amazon. It wanted to give me a free gift if I clicked on one of three Easter eggs. I clicked and my virus protection said "no, no!" "This is a pishing site that will take your personal information and do bad things to you." I love my virus protection and will gladly renew it. :)

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Lexie replied to the topic 'Tax Breaks' in the forum. 3 days ago

This is one that you can still take according to my CPA. We all need all the tax breaks we can get don't we?

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How do you provide academic advice to students? The advice from academic advisors is mainly pointed on the questions that are related to any program... Show more

Tishbel replied to the topic 'Re: FTC and FCC Warn Consumers to Protect Themselves Online' in the forum. 4 days ago

It looks like the article's moved here:
https://www.financeglobe.com/blogs/latest-blogs/ftc-and-fcc-warn-consumers-to-protect-themselves-online
but it's still really relevant. We have to protect ourselves online, because with so many of the criminals overseas if you get money taken you probably won't get it back. It is very hard for the agencies to track down the culprits, and if they find them they can't always take action against them.

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Tishbel replied to the topic 'Federal Reserve to raise interest by september 2015' in the forum. 4 days ago

They did, and then raised it again in December 2016, but they're warning they will be raising it again this year some time. Reuters just said the Fed were considering three rises this year. I hope they are small ones! With consumer borrowing so high, I can't help but think this is going to hit a lot of lower earners really hard.
http://in.mobile.reuters.com/article/idINKBN15T20W

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