Financial Tips Anyone:
If you have a large family your current tax burden is lower than it will be when you retire. Start a Roth investment account which is pretaxed and not taxed when you withdraw it at retirement. You can currently put $4000 per individual(Wife-Husband) per year.
I thought it would be cool to have a spot here where we can ask questions or post a financial tip that might benefit those we know. As always be careful what you advise and what advise you take. This is not a spot to sell your products if you happen to be in the field.
posted by Love4City @ Monday, September 19, 2005
4 comments
4 Comments:
I think this is a great idea! My financial advice is to create a budget. Our family's emotional and financial life has changed dramatically by creating a budget, sticking to it, pulling cash out for consumable needs, and setting goals together. It gives both boundaries and freedoms.
Wow - I heard it was only 2000.00 per individual. Has it been raised?
What did you think of your cash system?
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yeppers!!! Blake is right $4k per. I think it is great to have a finacial section. The latter half of your blog caused a fire here in the abyiss.(Brain meltdown). I look forward to seeing words of wisdom and maybe even giving a few.
Jim
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