View Single Post
Old 02-04-2014, 06:44 PM   #2092
0212353
Administrator
 
0212353's Avatar
 
Join Date: Oct 2011
Age: 45
Posts: 1,791
Default

you want to hear what sucks?

We are about 30K upside down on our current house. Yeah.....so, IF we sell it - write a check. I'm renting this fucker, let someone else pay that mortgage.

2 mortgages, yeah - its going to happen. I'm ready.........and have a nice chunk set aside to assist.

We got our taxes back. Originally........we owed 21K. errr...........hold your ankles buddy! Talked to the accountant, set up a SEP (self employment pension), and it reduced our overall tax burden to around 15K. BUT, I have to put 17K in the pension.....ok, so I'm about 10-11K over on my "spend", but that 17K is mine, and saving that much - it just makes sense. Bad time for it.

Anyway, yeah..........got 20% for the house.......closing costs........all that.......lets just say I'm glad I worked my balls off in 2013, and continuing that now to put us in a nice spot.

When the accountant called me last week, I about shit myself. But.........well..........shit happens right?
__________________
0212353 is offline   Reply With Quote