?

Log in

No account? Create an account
Financial day - Queue
February 20th, 2006
12:20 am

[Link]

Previous Entry Share Next Entry
Financial day
Thanks to some help, I have my 401K paperwork all set up (I just have to turn it in at work on Tuesday). Thanks to some clever negotiating on my part, I believe this means we will be seeing some posts from a certain someone soon.

I also did most of my taxes. TurboTax currently has a bug in it that won't let you enter your charitable contributions, so I'm holding off until they get that fixed. It looks like I'm actually going to owe a little bit of money this year, but it's going to be under $100.

Once I get my taxes finalized, I think I'm also going to look into getting a CD from my credit union. They are currently offering a decent rate on their ten-month CDs, so I think I'm going to dump a bunch of money into that until I figure out something better to do with it.

And I'm probably going to be starting a Roth IRA. I'm not sure if I'll keep contributing the maximum every year, but I can at least take a chunk of my house profits and make the maximum contributions for 2005 and 2006 (I found out that I have until April to make IRA contributions for the previous year).

Feels pretty good to be getting this financial stuff in order. I hope to be able to get the house in some kind of good shape tomorrow; I seem to be in that kind of mood, which is good.

(4 comments | Leave a comment)

Comments
 
[User Picture]
From:bubblebabble
Date:February 21st, 2006 12:10 am (UTC)
(Link)
If you come across a good resource (person, company, or book) for financial planning/money management advice (that is, what to do with CD-size chunks of money), let me know.

thanks!
[User Picture]
From:jaq
Date:February 21st, 2006 01:20 pm (UTC)
(Link)
Is a CD something other than a recorded-music medium?
[User Picture]
From:queue
Date:February 21st, 2006 01:55 pm (UTC)
(Link)
Certificate of deposit. You give a bank some money for a certain amount of time, and you earn interest on it. You get more interest than for something like a savings account because the bank knows that they will have that money for a certain amount of time (I think you can get CDs for terms from like 3 months to 5 years), and there are penalties for withdrawing the money early. So, instead of the 1% or whatever it is from my savings account, I get 4.75% APY for this 10-month CD.
[User Picture]
From:jaq
Date:February 22nd, 2006 08:41 am (UTC)
(Link)
Ok. I think there are similar things here, but 10 months sounds quite short.
My Website Powered by LiveJournal.com