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Thread: Help Us Save!!!
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01-11-2011, 02:47 PM #1
Help Us Save!!!
We currently have an EF of about 5k in a checking acount. I also have 30k in a money market account. The interest isn't very much. 1.5% or something like that. We are considering putting part of this into an IRA or TSP. How does this affect our taxes? Is that considered federal with holdings? I don't really understand how all this works. What would be the smartest account to put this money in?

)

to...
My little wheelchair boy
Born 05/16/2005 and went to heaven on 09/28/2008
and
My fiesty daughter Ella-Gracie
06/15/2006 and new baby boy Clint 05/03/2011 And many other "angel babies"(5) in heaven
On the long road to adoption
Wife to my Army MP Trace
Debt:
His 04 Toyota Tacoma- 14,000/14,000 Pd off!
Chrysler Town and Country- 15,000/ 14,300 to go UGH
Star Card 6,000/6,000 Pd Off!
Star Card 2- 2500/2200 to go
Dh's consolidation loan 12,000/12,000 Pd Off!!!
Hubby's 1st marriage credit debt 50,000/50,000 Pd off (Don't ask ugh)
Emergency Fund-5,000/ Goal of 10,000
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01-11-2011, 06:32 PM #2Registered User
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I sure would like some info on this also
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