I forgot that NT's federal loan went into repayment since he graduated. I mean, I remembered to set up the payment, but forgot that it would pay down some principal! Of the $50 payment, $35 went to principal. That takes us to $1488 down, $62 to go on the March goal.
Question for those of you who are self-employed/sole proprieters: What kind of retirement plan do you do? It looks like IRS kind of recommends SEP, but there are also 401K and SIMPLE options. Does anyone else participate in any of these? I'm trying to figure out where to put AS's money (besides her Roth, of course) when our budget loosens up.
Surprise progress on the March debt goal, plus a question
March 8th, 2015 at 04:59 pm
March 8th, 2015 at 06:54 pm 1425840892
A SEP is probably better, I think a SIMPLE has more rules. It's been awhile since I worked with these, but I found an article that might help you.
March 8th, 2015 at 09:30 pm 1425850200
March 8th, 2015 at 11:21 pm 1425856914
March 9th, 2015 at 01:15 am 1425863751
DH also contributes to a Roth.
I also contribute to a Roth and my company's 401K.
At one time I looked at a self-directed IRA (probably when I toying with the idea of buying an investment property) and decided it was way too complicated.