#16
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Quote:
For the actual topic, I rarely get refunds and try to manage the estimates well. For the rest, my Medicare sign is in suspend because my wife had to get some starting date info. Also for the rest, what a strange time. Technically we're at this age better off than much of the country and world but I see and know ways our assets could disappear fast. For guitars and amps I consider myself long set for life. What to do with money is more about retirement priorities and being late age parents.
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ƃuoɹʍ llɐ ʇno əɯɐɔ ʇɐɥʇ |
#17
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I've been thinking the same thing since the very first response...
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"Mistaking silence for weakness and contempt for fear is the final, fatal error of a fool" - Sicilian proverb (paraphrased) |
#18
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Quote:
Everyone’s circumstances vary, of course.
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Martin 0-16NY Emerald Amicus Emerald X20 Cordoba Stage Some of my tunes: https://youtube.com/user/eatswodo |
#19
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Short answer - no. This is not an “extra” windfall to me. It’s money I already earned but the treasury held on to for me (without interest, usually*).
I’ve always attempted to break even (within a couple thousand either way). But for a few years I had to pay more than that, so I adjusted my withholding upwards. Then we bought a plug-in hybrid car and got an extra $4200. So I got too big of a refund (4 figures). Reduced the extra withholding, but still got what I thought is too much - $7k. I could have had that money earning a pitifully small interest instead of the treasury doing so. Just got the refund deposited in my account today. It will go to the general domestic tranquility fund. I recently retired so I’m not going crazy spending more with my extra time. *One year the IRS gave me $42 in interest because my refund was delayed until late in the year.
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"They say it takes all kinds to make this world - it don't but they're all here..." Steve Forbert - As We Live and Breathe |
#20
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Over the almost 50 years of our marriage, she has eliminated our indebtedness as well. We are literally living off our combined social security income with a decent monthly plus side on the budget ledger. The down side is it affects our credit rating because we don’t play the game the way it was intended to be played. That’s ok, because we don’t have any need for credit. We do have a credit card, but the balance is paid in full every month and on top of that we get our “purchasing rewards” which we take in cash. They love people like us. . We haven’t payed interest on anything for decades. Are we proud of what we have accomplished…dang right we are. Fun fact: Let’s say at the end of the tax year you owe $978 in federal taxes. That’s a $978 interest free loan you got from the feds.
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Nothing bothers me unless I let it. Martin D18 Gibson J45 Gibson J15 Fender Copperburst Telecaster Squier CV 50 Stratocaster Squier CV 50 Telecaster Last edited by rokdog49; 04-30-2024 at 06:19 AM. |
#21
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I just got a mint condition 2017 PRS Core McCarty 594. Much less expensive than a new one.
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#22
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My plan was to pay the man as quick as possible
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My Channel: https://www.youtube.com/channel/UCWe...hBVBfhinK8iIGw My Toys: Taylor AD17e (Ovangkol) Guild "Bob Marley" Epiphone ES339Pro P90 Limited Fender Affinity Strat Custom W/P90's |
#23
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Any overpayment is used for the quarterly estimated tax I have to pay. I'm almost 72 and still paying taxes through the nose. Even medicare costs us a fortune each month. No free lunch yet for me and the missus.
Actually I'm planning on dumping the majority of what I've collected through the years.
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1990 Martin D16-M Gibson J45 Eastman E8D-TC Pono 0000-30DC Yamaha FSX5, LS16, FG830, FSX700SC Epiphone EF500-RAN 2001 Gibson '58 Reissue LP 2005, 2007 Gibson '60 Reissue LP Special (Red&TV Yel) 1972 Yamaha SG1500, 1978 LP500 Tele's and Strats 1969,1978 Princeton Reverb 1972 Deluxe Reverb Epiphone Sheraton, Riviera DeArmond T400 Ibanez AS73 Quilter Superblock US[/I] |
#24
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Our quarterlies were pretty close last year. My wife is most likely going to get a new potted plant and I might get a new Capo.
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#25
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This year's refund is covering a used Fishman Loudbox Performer PRO-LBX-300 and a used Martin Custom Shop 000 Cherry Hill guitar. The amp has arrived. The guitar arrives Monday. It will be a good Monday.
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Martin D-28 Modern Deluxe Martin 000-16 (does not live with me) McPherson Sable |
#26
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Possibly a Jad Freer Sisma amp.
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(insert famous quote here) |
#27
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This year, Colorado has distributed excess sales tax income via a tax credit, $800 per taxpayer. Yep, we get paid to live here . It's not something you can budget for, as the amount is decided by the legislature late in the tax year.
https://tax.colorado.gov/TABOR For 2023, that amount took care of an anticipated small state tax obligation and netted us a few $ that are getting sucked into the vortex of a bathroom remodel.
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Goodall, Martin, Wingert |
#28
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(insert famous quote here) |
#29
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I bought a Supro 8 string steel.
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