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What to do with Tax Return
04-09-2007, 12:13 PM
#1
Nontypical Buck
Thread Starter
Join Date: Jul 2005
Location: Eastern Shore MD
Posts: 2,487
What to do with Tax Return
Ok, so the gov't decided they'd let me have some of my money back this year. Still not happy about the rest of the money they stole, but Im atleast happy to get a little back.
The Question now is, do iuse it to help get mea new Hoyt Trykon
or Put the money in the "Engagement Ring Fund"
The Question now is, do iuse it to help get mea new Hoyt Trykon
or Put the money in the "Engagement Ring Fund"
04-09-2007, 12:29 PM
#2
Nontypical Buck
Join Date: May 2004
Location: Albany, NY
Posts: 4,679
RE: What to do with Tax Return
Better yet, put it in a retirement investment. If you claim a 0 on your taxes every year and then take the returns and invest them you will probably retire 5-10 years earlier. This is what I do with mine every year. I hate working, and hope to retire young enough to be able to hunt all day long or be outside all year.
04-09-2007, 12:33 PM
#3
Join Date: Sep 2005
Location: Wisconsin and Canada
Posts: 2,415
RE: What to do with Tax Return
ORIGINAL: Rick James
Better yet, put it in a retirement investment. If you claim a 0 on your taxes every year and then take the returns and invest them you will probably retire 5-10 years earlier. This is what I do with mine every year. I hate working, and hope to retire young enough to be able to hunt all day long or be outside all year.
Better yet, put it in a retirement investment. If you claim a 0 on your taxes every year and then take the returns and invest them you will probably retire 5-10 years earlier. This is what I do with mine every year. I hate working, and hope to retire young enough to be able to hunt all day long or be outside all year.
Bingo.
04-09-2007, 12:37 PM
#4
Nontypical Buck
Thread Starter
Join Date: Jul 2005
Location: Eastern Shore MD
Posts: 2,487
RE: What to do with Tax Return
ORIGINAL: Rick James
Better yet, put it in a retirement investment. If you claim a 0 on your taxes every year and then take the returns and invest them you will probably retire 5-10 years earlier. This is what I do with mine every year. I hate working, and hope to retire young enough to be able to hunt all day long or be outside all year.
Better yet, put it in a retirement investment. If you claim a 0 on your taxes every year and then take the returns and invest them you will probably retire 5-10 years earlier. This is what I do with mine every year. I hate working, and hope to retire young enough to be able to hunt all day long or be outside all year.
I guess it would be the most responsible thing to due... but ive put so much away for retirement already this year!
Quit being so reasonable Matt!!
04-09-2007, 12:42 PM
#5
Boone & Crockett
Join Date: Feb 2003
Posts: 10,679
RE: What to do with Tax Return
Or better yet, claim the proper ammount of deductions on your W2,takeall of that money that you would have been loaning to the Feds intrest free and place it into an intrest bearing savings account and at the year invest even more money than you would be getting back from theFeds byclaiming"0".
You just gotta have the dicipline to put it into a savngs account every pay day.
Or since you, and probably she, knows about this engagement you might want to make sure she gets a nice ring.
You just gotta have the dicipline to put it into a savngs account every pay day.
Or since you, and probably she, knows about this engagement you might want to make sure she gets a nice ring.
04-09-2007, 12:44 PM
#6
Join Date: Sep 2006
Location:
Posts: 4,553
RE: What to do with Tax Return
I like that the results are 3 to 0 in favor of putting toward an engagement ring! 
The retirement idea is a good idea, but if getting married, "butter the bread" up front, pony a little extra for the ladies ring and then you will have cred down the road for hunting "investments."
The retirement idea is a good idea, but if getting married, "butter the bread" up front, pony a little extra for the ladies ring and then you will have cred down the road for hunting "investments."
04-09-2007, 01:16 PM
#9
Nontypical Buck
Thread Starter
Join Date: Jul 2005
Location: Eastern Shore MD
Posts: 2,487
RE: What to do with Tax Return
Yea yea, you guys are right, Looks like i'll be putting 1/2 in the ring fund, and 1/2 in the retirement acct... I just was day dreamin a bit there i guess....
04-09-2007, 01:30 PM
#10
Join Date: Sep 2006
Location:
Posts: 4,553
RE: What to do with Tax Return
ORIGINAL: HuntingEd
Yea yea, you guys are right, Looks like i'll be putting 1/2 in the ring fund, and 1/2 in the retirement acct... I just was day dreamin a bit there i guess....
Yea yea, you guys are right, Looks like i'll be putting 1/2 in the ring fund, and 1/2 in the retirement acct... I just was day dreamin a bit there i guess....
