Quote:
Originally Posted by polkfarmboy
Well after passing my test 3 months ago I am now ready to buy my first car and the bank is giving me 11k. I have my eye on a couple of used ones of course and need you guys to help out.
I wish to know what things to buy to fix things that wont appear broken to ensure the car runs or increase my chances of the car running proper. My wifes sisters man is a mechanic so I will have all the free labor for putting in the parts that need done.
One porsche has caught my eye but the ac dont work on it and the seller said he paid some cash to fix a few things but still, I would like to be sure I am running smooth.
I cannot f$$king wait to get behind the wheel and kick some ass at the lights. Thanks in advance for your responces and this forum rocks :dance:
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Good Golly..................We went from the above to this................
Perfectlap
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Join Date: Nov 2004
Location: New Jersey
Posts: 6,325
Quote:
Originally Posted by steved0x View Post
I just checked these out and you can do both 3 & 4 The ability to contribute to an IRA and have it be deductible or a Roth IRA phase out based on your income, with the limits being higher if you are filing married. I am not sure of the benefit of contributing to an IRA if it is not Roth and is non deductible since you have to pay taxes when it comes out but I am sure there must be one I will check it out further, thank you!
great advice from a contributor to Ritholtz's blog
"One of the little tricks that we have done over the years is increase the percentage taken out of our pay in 401ks and 403bs by 1% every time we got a pay increase until we bump against the maximum permitted deductions. I would try to do 2% in years when the markets were tanking. You didn’t even know the money was missing because you had never had it before. Years when pay increased by inflation or less only, you would feel a small pinch, but in years when pay went up more than inflation it still felt like your pay was rising.
Doing this allowed us to increase our savings rate from 6% of pay to almost 20% (including the catch-up contributions) over the past 20 years. Employer contributions have typically added another 3% to 15%annually (variable depending on employers) to that savings rate over that time period. It adds up over time."
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Unread Today, 11:01 AM #72
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Join Date: Jul 2009
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Quote:
Originally Posted by steved0x View Post
I just checked these out and you can do both 3 & 4 The ability to contribute to an IRA and have it be deductible or a Roth IRA phase out based on your income, with the limits being higher if you are filing married. I am not sure of the benefit of contributing to an IRA if it is not Roth and is non deductible since you have to pay taxes when it comes out but I am sure there must be one I will check it out further, thank you!
I think it because the gains are not taxed until you take the money out in retirement, and hopefully I'm in a lower tax bracket then. I think that's why my guy has me doing it.
Gotta love circular logic..................Along with people patting themselves on the backs for being Sherlock Holmes
And multiple pieces of valuable information 
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