Friday Gathering: BCS National Championship Edition
Congratulations to Alabama! I’m not really a fan of the Tide, but Ron is. Here are some articles that I found interesting this week and I hope you can find some useful tips:
Being Frugal found 101 Ways to Cut Your Spending This Year! I need to go through this list again.
Amateur Asset Allocator posted an article that might help me out: 401k Hardship Withdrawal Rules since I cashed out an IRA account this last year. I hope to qualify under the “money to pay your mortgage in an attempt to avoid foreclosure” exception.
Frugal Dad warns us that Delaying Roth IRA Contributions One Year Could Cost You $74,000. Yikes!
Another warning (I’m starting to sound like Mom) comes from Mighty Bargain Hunter: not tracking your spending can have repercussions. Yep.
Did you know that life insurance benefits are not taxed? (:whisper: Don’t tell the Democrats) I assumed they were taxable at least under the estate tax. Jim at Bargaineering compares life insurance benefits to car insurance benefits – not taxable. Life Insurance dividends might be taxable. Check out his post for more details.
Christian PF commends the giving spirit that is still alive and well in the United States. I think that Americans would give even more if taxed less . . .
Hope your first week of the new year was a good one! Have a great weekend and do not just spend money, spend time with family. The Stew household went sledding today. It was a blast!
Article by Stew
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