Early Retirement Extreme

Financial independence, frugality, self-sufficiency, ecology, capitalism, and voluntary simplicity

Saturday Roundup - A safety moment (with taxes)!

Published in March 22nd, 2008

Posted by Jacob in announcements, carnival, economy, sub-prime, taxes

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Today we’re going to one of the tax companies to get our state taxes done. Hopefully they will give us a discount since I already did the federal return myself. In 2007 we were apart time resident of two [...]

Choosing a retirement plan for extremely early retirement

Published in March 19th, 2008

Posted by Jacob in assets, personal finance, planning, saving, taxes

10 Comments

Consumers are widely recommended to contribute around 15% of their paycheck to a retirement plan. The question whether to pick a ROTH IRA or a traditional IRA does not have a definite answer. For instance, it depends on whether one’s future [retirement] income is expected to in a higher tax bracket (ROTH) or a lower [...]

Prosper taxes for debt sales and bankruptices

Published in March 14th, 2008

Posted by Jacob in investments, peer-to-peer lending, taxes

7 Comments

I just did my tax returns for my prosper loans and here’s how I did it. It has been very difficult, nay, impossible to find complete instructions online other than the in principle complete but to me useless suggestion to “consult a tax professional”(*). It does not make a lot of sense to me [...]