Thursday, 18 Jun 2009

Yet Another Account

It seems like Mr. Savvy and I have a jillion accounts between the two of us.  However, I added one more account to the mix last night.  I opened a SEP-IRA for myself.  Mr. Savvy already had one and I decided to get one as well.  We both have side businesses and while mine isn’t nearly as profitable as  his, I want to be able to shelter all the income we can.

Taxes are a bear and I just found out that property taxes will be increasing statewide this year.  Ugh.  So every little bit counts.  Not to mention, we have ~18 years until retirement and compounding interest is your friend.

How many accounts (banking and retirement) do you have?  Are there any that could be consolidated in order to simplify your finances?


2 Responses to “Yet Another Account”

  1. Product Junkie Diva Says:

    I do have a few accounts but I don’t think I have enough to consider consolidating…lol
    Thanks for the priceless info you left on the blog today…I will highlight your comment in my post tomorrow.
    PJD

  2. April Says:

    Pretty nice post. I just came across your blog and wanted to say
    that I have really liked browsing your posts. Anyway
    I’ll be subscribing to your blog and I hope you post again soon!

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