JoeTaxpayer Blog Posts

  • Big Tax Refunds Are Really Bad
    on Feb 22, 2016 in Taxes
    I’ve been spending time at Money.Stackexchange as a moderator and top poster. Recently I ran into a bit of pushback on what I thought was an obvious question. Why does my tax refund need to be as close to zero dollars as possible? Now, of cour...
  • Thoughts on 2015
    on Jan 4, 2016 in Misc new year
    2015 is now in the history books. As I was prepping for our annual New Year’s eve party, I heard CNBC in the background, “The S&P 500 was down 3/4 of a percent for the year, the worst year since 2008.” True, I suppose, but the t...
  • 2015 Year End Tax Tips
    on Dec 28, 2015 in Taxes new year tax
    The end (of 2015) is near. Still, you can do a lot to help your finances before the ball drops on Thursday and we ring in the new year. Let’s look at some of my top year end tips – The Charitable RMD is now an option that will be availab...
  • Congress, you owe me Dinner and a MovieI don’t know where I first heard this expression, it might has been a movie line, or it might have been uttered in response to a very bad business proposal. The full line is, “if you’re going to screw me, the least you could do is t...
  • Tax Loss Harvesting
    on Nov 2, 2015 in Taxes capital gain stock
    I’ve been known to use the expression, “Don’t let the tax tail wag the investing dog.” I stand by that remark. If you own a stock and it’s time to sell since it no longer is a stock your own criteria would justify, by al...
  • 2016 Tax Rates Announced
    on Oct 26, 2015 in Taxes tax rates
    The 2016 tax rates have just been announced by my friends at the IRS. My friends? Well, to be sure, they are not the enemy. The IRS enforces the tax code. You know who writes it? Congress. So whenever there’s a change in the code or something y...
  • The Exaggerated Income Gap?
    on Aug 24, 2015 in Wealth income wealth
    That was the title of a Barron’s article this past week. There’s been more and more press about the gap between the rich and the poor. In my work as a real estate agent focussing on renting to low income people, I see people who aren̵...
  • Christie’s Plan to Screw Your Retirement
    on Aug 10, 2015 in Retirement Social Security saving
    It’s already election season, and we have 15 months to look forward to our politicians each jockeying for position, name calling, debating, all the way to the final two (or three?) we can choose from in November 2016. I am a personal finance bl...
  • Leaving a Job? What to do with your 401(k)
    on Jul 9, 2015 in Retirement 401(k) IRA
    I was listening to my local news station when a segment came on, a 5 minute bit of money advice with a local author and financial planner, Jonathan Pond. I like his conservative approach. What’s unfortunate is that a quick few minutes to discus...
  • I got rich on credit card points
    on May 18, 2015 in Credit dave ramsey
    The David (as I fondly call the entertainer Dave Ramsey) is known for his hyperbole. And his “my way or the highway” view on all things financial. One of his more memorable quotes is “No one ever says they got rich off of credit car...
  • I got rich on credit card points!
    on May 18, 2015 in Credit dave ramsey
    The David (as I fondly call the entertainer Dave Ramsey) is known for his hyperbole. And his “my way or the highway” view on all things financial. One of his more memorable quotes is “No one ever says they got rich off of credit car...
  • Hello world!
    on May 14, 2015 in Uncategorized
    Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!
  • Retired, with mortgage
    on Apr 16, 2015 in Mortgage 401(k) number saving
    I’d always thought, and advised others, that to retire, one should have their mortgage paid in full. And that was always my own plan. But, anyone who knows finance knows that you can’t plan on an exact stock market return, you can’t...
  • Still Hungry, Still Walking
    on Mar 30, 2015 in Charity charity homeless project bread
    A message from my friend, Stephanie – Hello JoeTaxpayer readers! I’m Stephanie, and I blog over at Graduated Learning.  For the past few years, Joe has been incredibly generous by donating to the Walk for Hunger, providing challenge fund...
  • What’s happening to FSB?
    on Dec 13, 2014 in Misc CFD spread-betting
    A Guest post aimed at my friends across the pond - I don’t know if you’ve noticed, but there is currently a huge push on Financial Spread Betting (FSB). Just about everywhere you look, it seems, there is a bright and shiny offer to take the plung...
  • TurboTax 2014 Marketing Mistake
    on Nov 18, 2014 in Taxes netflix TurboTax
    Remember New Coke? Remember Qwikster? My Spidey senses tell me that Intuit’s TurboTax product is about to have its own moment of marketing mishap. Now. As a tax nerd, I don’t put my TurboTax on the shelf after I file my return. I open it...
  • 2015 Tax Rates Announced
    on Nov 5, 2014 in Taxes tax tax rate
    The 2015 tax rates have just been announced by my friends at the IRS. If you’ve been reading this blog for a while, you know how taxes work, more or less. The tables aren’t the actual tax you pay on gross income, but on taxable income whi...
  • The Next Chapter of My Life by JoeTaxpayer
    on Nov 3, 2014 in Retirement my life
    This post has been in the works for some time, nearly two years. Talk about a bit of writer’s block! Attending FinCon14 (The Financial Bloggers Conference) gave me a chance to share my story, and hear so many people encourage me to write and sh...
  • 3 Tips for Righting Your Money Wrongs
    on Oct 31, 2014 in Misc Credit Debt
    Of all the potential problems life can serve up to us, money problems rank among the most stressful without a doubt. Ruminating about mounting debt, having trouble paying bills, knowing we are making bad choices can do quite a number on us mentally.
  • 2015 Retirement Plan Limits
    on Oct 26, 2014 in Taxes irs tax
    This year has flown by and as we get approach year end, the IRS shares the numbers that will impact your 2015 retirement savings limits. 2013 inflation was low enough that we saw no increase in ’14. 2015, however, sees a bit of a bump, so let m...
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