Deezy1414
Deezy1414 OP t1_j2b8pmb wrote
Reply to comment by biondablonde in Should I be putting more into my traditional 401k? by Deezy1414
I do love the idea of reducing our taxable income. We did clean out the brokerage account earlier this year to pay off the house but that’s the only time we’ve sold for the short term. I’m always afraid of something big happening and not nothing the money to take care of it. I think I’ll bump my contributions up to 20% and go from there. I don’t have the idea of a Roth IRA I just don’t like more money coming out of my take home pay after taxes and deductions if that makes sense
Deezy1414 t1_j2b7rkz wrote
Reply to Is a gifted check trackable? by deadeadeadeadea
To my belief it isn’t. You are allowed to gift I believe 18k a year to an individual tax free. Even 4-5 years ago I couldn’t see the irs raising that limit 8k.
Deezy1414 OP t1_j2b7ieb wrote
Reply to comment by sonnyfab in Should I be putting more into my traditional 401k? by Deezy1414
Thank you! I love thinking about reducing our current taxes but I’m always afraid of not being able to have that money available if something were to happen
Deezy1414 OP t1_j2b7201 wrote
Reply to comment by nkyguy1988 in Should I be putting more into my traditional 401k? by Deezy1414
I forgot to mention that i am contributing 10% + the 5% employer match every two weeks. Luckily we sold our stocks earlier this year (to pay off the house) when everything was high right before the market went down
Submitted by Deezy1414 t3_zzevj0 in personalfinance
Deezy1414 OP t1_j2bbyjo wrote
Reply to comment by biondablonde in Should I be putting more into my traditional 401k? by Deezy1414
Thank you for that!