| Author |
Message |
 Topic: Save paying tax on consultant income |
joseph2
Replies: 18
Views: 52752
|
 Forum: Taxes Posted:
Wed Aug 20, 2014 12:52 am Subject: Save paying tax on consultant income |
| I actually like the idea of holding onto my money longer. I have the least amount deducted from my paycheck, but my itemized deductions usually result in getting money back. I do my own taxes because ... |
| Topic: Pay student loan or add to retirement? |
joseph2
Replies: 23
Views: 30239
|
Forum: Personal Finance Posted:
Wed Aug 20, 2014 12:40 am Subject: Pay student loan or add to retirement? |
| I am an English professor, so I have to start by saying how much I love the simile "student loans are like herpes or luggage: it's forever, and it just gets uglier over time." I may just use that as a ... |
| Topic: Save paying tax on consultant income |
joseph2
Replies: 18
Views: 52752
|
Forum: Taxes Posted:
Mon Aug 18, 2014 6:17 pm Subject: Save paying tax on consultant income |
Thank you for the reply.
The consulting gig was a one-time thing. I was paid $20,000. I spent $5,000 on a home repair project and the remaining is in my MM account.
I don't know if I will get ... |
| Topic: Save paying tax on consultant income |
joseph2
Replies: 18
Views: 52752
|
Forum: Taxes Posted:
Mon Aug 18, 2014 5:02 pm Subject: Save paying tax on consultant income |
I will look into the IRA option.
The financial advisor at the bank recommend a SEP IRA, but they charge a fee--I think he said it was a front load fee. On the one hand, I understand that I am aski ... |
| Topic: Pay student loan or add to retirement? |
joseph2
Replies: 23
Views: 30239
|
Forum: Personal Finance Posted:
Mon Aug 18, 2014 4:57 pm Subject: Pay student loan or add to retirement? |
First, to clarify--I am a woman. My dad wanted a boy. 
To answer your questions:
1. I am a college professor--four degrees. The amount of my loan reflects that at the age of 20 I was left wit ... |
| Topic: Pay student loan or add to retirement? |
joseph2
Replies: 23
Views: 30239
|
Forum: Personal Finance Posted:
Mon Aug 18, 2014 12:58 pm Subject: Pay student loan or add to retirement? |
| Thanks! I didn't think about the bankruptcy issue. This was helpful. |
| Topic: Save paying tax on consultant income |
joseph2
Replies: 18
Views: 52752
|
Forum: Taxes Posted:
Mon Aug 18, 2014 12:14 am Subject: Save paying tax on consultant income |
| I just finished a consulting job. My first one. The client paid me in full--they did not deduct any taxes but did complete the required forms. I have been advised to save a least half of what I earned ... |
| Topic: Pay student loan or add to retirement? |
joseph2
Replies: 23
Views: 30239
|
Forum: Personal Finance Posted:
Sun Aug 17, 2014 11:56 pm Subject: Pay student loan or add to retirement? |
I am 43 years old and earn $62,000 a year. I have a mortgage but no car loan or credit card debt. I have a year's worth of income in a MM account.
I have $80,000 in student loan debt. My payment ... |
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