Tax Return time-what are you doing with your money?

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02-13-2010
GR8racingfool

Re: Tax Return time-what are you doing with your money?

Putting all of it into my IRA account. :th_thumbsup-wink:

You guys should start one while your young. (listen to me, I'm talking like an elder, and I'm only 29) I contribute to it each year with my tax return. You don't get taxed on your return, and the interest it grows every year is pretty impressive. Save now for retirement.

~F~
02-13-2010
nemesis

Re: Tax Return time-what are you doing with your money?

what happen if you drop dead one day before you reach your retirement age? i'm gonna save some for emergency and spend some...:th_thumbsup-wink:
02-13-2010
TCO

Re: Tax Return time-what are you doing with your money?

I have no idea what I am getting back this year. I haven't decided if I should do the responsible thing and get my cc bill paid off or do the fun thing and buy a new gun. I am thinking I am going to put a majority of my return towards my credit card and then use a little bit to buy a gun I have been looking at getting.
02-13-2010
QwikGT

Re: Tax Return time-what are you doing with your money?

not spending it on this chitbox
02-14-2010
GR8racingfool

Re: Tax Return time-what are you doing with your money?

Quote:

Originally Posted by silverbullet

what happen if you drop dead one day before you reach your retirement age?

Then you drop dead, but you should have it set up to be divided up among who you want it to. Wife, kids, in my case, my older sisters and brothers. Never hurts to plan, just in case you live longer than 50 years. If you start saving for retirement at 65 when your in your 40's or 50's you may not have a pot to piss in when you get to that age.

I spend my extra money on stuff I want through out the year like any normal person does. I spend some, and I save some, and I set some back. I don't live pay check to paycheck.

~F~
02-14-2010
mikesarebetter

Re: Tax Return time-what are you doing with your money?

Quote:

Originally Posted by GR8racingfool

Then you drop dead, but you should have it set up to be divided up among who you want it to. Wife, kids, in my case, my older sisters and brothers. Never hurts to plan, just in case you live longer than 50 years. If you start saving for retirement at 65 when your in your 40's or 50's you may not have a pot to piss in when you get to that age.

I spend my extra money on stuff I want through out the year like any normal person does. I spend some, and I save some, and I set some back. I don't live pay check to paycheck.

~F~

Wow.. someone with some saving sense! Kudos. I'm 24 and have had a roth ira since i was 20
02-14-2010
Thunderturd

Re: Tax Return time-what are you doing with your money?

Started my Roth IRA when I was 17..
02-14-2010
real diehl

Re: Tax Return time-what are you doing with your money?

Getting 22's and a lift for tha GeePee
02-14-2010
Liquifire

Re: Tax Return time-what are you doing with your money?

Quote:

Originally Posted by mikesarebetter

Wow.. someone with some saving sense! Kudos. I'm 24 and have had a roth ira since i was 20

I don't have a compound interest formula right here, but I believe that if you are seeing gains of 7-8% and with the same amount added each year, you will be doubling your money for retirement every seven years or so. So every seven years you wait, you will have half as much money as you would have if you started saving earlier.
02-15-2010
mickey t

Re: Tax Return time-what are you doing with your money?

EOtech red dot sight for my rifle, and the rest into the stock market... :)
02-15-2010
TCO

Re: Tax Return time-what are you doing with your money?

Quote:

Originally Posted by realdiehl

Getting 22's and a lift for tha GeePee

Please be joking.
02-15-2010
arc

Re: Tax Return time-what are you doing with your money?

I got 150-ish back... I know how 80 of it lol after red lobster with the lady, and something else. don't remember. BUT I'm getting paid today or tomorrow, so I think I'll be able to nab the 6disc changer I've been drooling over, and maybe the steering wheel as well, since the mechanic disk came in today and I am now able to do anything! mwahahah!
02-16-2010
BoostedComp

Re: Tax Return time-what are you doing with your money?

blowing pretty much all of it in panama city beach for spring break... yeah completely worth it haha
02-16-2010
SDGTP99

Re: Tax Return time-what are you doing with your money?

Replacing the AC Delco radio with a stereo that has Ipod interface, new contact lenses, pay off credit card, & duck feed. Possibly looking into investing in my future with an IRA. Or something.
02-16-2010
real diehl

Re: Tax Return time-what are you doing with your money?

Quote:

Originally Posted by TCO

Please be joking.

Nah. I just found a deal on some 24's so I might be riding a little higher. Get at me.

:th_laugh-lol2:
02-16-2010
SDGTP99

Re: Tax Return time-what are you doing with your money?

Hey you could be running 30" spinners with a fireplace in the back.
02-16-2010
Thunderturd

Re: Tax Return time-what are you doing with your money?

And a hot tub in the back seat.
02-16-2010
windycitygtp

Re: Tax Return time-what are you doing with your money?

24"s and a train horn
02-16-2010
real diehl

Re: Tax Return time-what are you doing with your money?

Quote:

Originally Posted by SDGTP99

Hey you could be running 30" spinners with a fireplace in the back.

Quote:

Originally Posted by Stunt0Rider

And a hot tub in the back seat.

Quote:

Originally Posted by windycitygtp

24"s and a train horn

I like all these...I'm torn. But I think I'll do 24's and a lift on a grand prix, then I'll do a poll to see what type of vertical doors yall think would look good on my Grand Am.

:th_jester:
02-16-2010
Thunderturd

Re: Tax Return time-what are you doing with your money?

How long until they start making the rims off center?

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