What To Do With Your 2009 Tax Refund
15 February 2010
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We’re in tax season now, and I’ve done a first run-through of my taxes. Due to some major challenges in our family, we’re going to get a nice refund (down to a single income + child credit). This is a welcome change since last year I actually owed money to the IRS after doing my taxes (sucks). So, what to do with the money?
Here’s an estimate of what I’m thinking at this point:
- 20% – General Savings
- 20% – Savings for child’s preschool fund and/or other needs
- 20% – Purchase some physical gold and/or silver
- 20% – Retirement funding
- 10% – Beef up emergency fund – cash on standby in case a hardship occurs
- 10% – Some supplies for the house Alpha Strategy style
What are you going to do with your tax refund from 2009?
With an e-fund in the wings and a plan to easily max the 401K and IRA's this year we are plunging 100% of our refund directly to the principle on our mortgage.
Awesome! How long have you been aggressively targeting your mortgage?
Very interested in you idea of physical gold. Why not ETF's? Would love to read a full article on your opinion.
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