Interest In Escrow Accounts

A few years ago I announced that my wife and I had paid off all of our student loan and car debt. So except for the mortgage, we’ve been able to remain debt free, which I think is pretty good for living in Southern California where real estate is pretty pricey.

I have used Continue Reading

I Pay The Idiot Tax

Some call it the idiot tax. Some call it a tax on the poor and the stupid. That’s all fine and dandy, but everyone spends money on frivolous things. Hell, there are worse things to spend your money on. I’d call tobacco products, high end fashion items (purses, jewelry), and “collectors items” (sports memorabilia), idiot Continue Reading

Annual vs. Monthly IRA Contribution Experiment – January 2015 Update

The Annual vs. Monthly IRA Contribution Timing Experiment January 2015 Update.

Annual Contribution Roth IRA

Shares Price Total Cost Market Value $ Gain/Loss
614.12 18.37 11,120.63 11,281.31 160.68

Account Summary:

  • 01/01/2015 – Contributed $5,500.00
  • 01/02/2015 – Purchased mutual fund (VTIVX)

Monthly Contribution Roth IRA

Shares Price Total Cost Market Value $ Gain/Loss
332.21 18.37 6,074.68
Continue Reading

Intuit Sale: Quicken 50% Off, TurboTax 25% Off

If you are a do-it-yourself kind of person like I am, you rely on personal finance management and tax software to stay fiscally organized and stay up to date with the latest changes in the tax code. Unless you’ve got a painfully complex situation, it’s rather easy and not unreasonably time consuming to take care Continue Reading