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November 2010

Retireby40′s Investment Fundamental #7 – Stock Participation Plan

11.29.2010

The Stock Participation Plan (SPP) doesn’t apply to everyone, but I’m writing about my retirement and the SPP is a big part of my savings. If you work for a Fortune 500 company, chances are the company has a stock participation plan of some sort. At my company, I can contribute up to 5% of my paycheck toward the SPP. The amount is deducted before I see my paycheck so I never miss it, similar to the 401k deduction. The SPP contribution is after tax though, and I get my shares every six months. The purchase price is set to [...]

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retirebyforty’s money flowchart

11.24.2010

I have been meaning to draw up a flowchart to describe my budget, but have been putting it off. Barb’s post on why she has no budget this year finally pushed me to finish it up. If you’ve seen my monthly credit card bill posts, you know we allow ourselves $100 weekly allowance each to spend on discretionary items. This flowchart below will explain where our money goes each month. Basically, Green shapes are good and we aim to build those accounts up. Yellow shapes are just cushion accounts and can go up and down, but we try to keep [...]

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Retirebyforty’s 2010 Black Friday Game Plan and round up

11.20.2010

HA! My game plan is to sleep in until 9 am, get up, have some coffee and watch the Macy’s Thanksgiving Day Parade on the internet! Hope I didn’t mislead you, heh heh… I need some new undershirts and that’s pretty much it. I don’t think that’s worth the trouble to wake up early for. I’m not the type that camps out all night and when I just go shopping at 2am, all the awesome deals are already gone. I also need to furnish the condo living room, but that can wait a bit. If I see an unbelievable deal [...]

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Investing Fundamental #6 – Roth IRA (archieve)

11.19.2010

flickr – scottwills April 18th is the last day to file the 2010 tax return and you can still contribute to the 2010 Roth IRA if you haven’t already done so. If you have any extra money or got early tax refund, this would be a great time to put some away in the Roth IRA for retirement. Roth IRA is an Individual Retirement Account. This account in tandem with the 401k is the easiest way to grow a workingman’s retirement portfolio. Contributions to Roth IRA are made with after-tax dollars so there are no pre-tax benefits like the 401k. [...]

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October 2010 credit card bill

11.18.2010

Wow, our October credit card bill was the most under controlled we’ve had this year. I think putting it on the internet really helped me to be conscious about credit card usage. Thanks readers! Gas – $71 Public transportation – $47 County Vehicle Tax (bridge repair) – $76 Pet supplies – $13 Pharmacy – $12 prepaid Cell phone minutes – $40 internet – $30 Justhost – $70 (2 years hosting for this site) * We give ourselves $100 allowance each every week to spend on grocery, shoes, shows, dinner out, and whatever else we want. I think this month we [...]

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