2nd June 2007
The international buyer fell through…not entirely surprising.
We did end up with another offer on the house that we’ve accepted. They are using conventional financing and are pre-approved for the purchase amount. The inspection happens next week and the closing is set for June 15th.
Posted in Moving to Illinois, Real Estate, Retirement, Saving Money, solo 401k | 4 Comments »
28th December 2006
As I mentioned in an earlier post on Saving on taxes through additional retirement savings I’ve selected an administrator for our solo 401K. In the end after talking with nearly a dozen providers it came down to two choices.
Posted in Retirement, Saving Money, Taxes, solo 401k | 4 Comments »
14th November 2006
My wife and I are in a rather unique (for us anyway) situation this year. She lost her job at the end of January, and was given a lump-sum severance equal to nine months of her salary. The severance was taxed at the 25% bonus tax rate which means a huge chunk was withheld by the federal government. To make matters worse, there were no 401K contributions taken out of the severance amounts, meaning the full amount would be taxed.
Posted in Investing, Retirement, Taxes, solo 401k | 2 Comments »