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  #11  
Old 10-30-2014, 05:58 PM
Eastcoastlawnman Eastcoastlawnman is offline
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Just got laid off with mine i will buy a trailer decent walk behind and trimmer and will hit hard starting February or March. Should i go out looking for leaf jobs or just wait ?
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  #12  
Old 10-30-2014, 06:06 PM
larryinalabama larryinalabama is online now
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IRAs are simply tax deferred, meaning you will pay taxes on the money at a later date. Naturally it makes sense to take any match that your employer will put in. But see a tax attorney/accountant or you will get royally screwed.

Post tax investments are preferred, at least in my world.
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  #13  
Old 10-31-2014, 09:26 AM
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Patriot Services Patriot Services is online now
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Quote:
Originally Posted by Eastcoastlawnman View Post
Just got laid off with mine i will buy a trailer decent walk behind and trimmer and will hit hard starting February or March. Should i go out looking for leaf jobs or just wait ?
Heck yes hit the bricks now. What else are you doing? A leaf customer today will lead to a mowing customer come spring. Working outside now will make you really appreciate the fall weather come next summer.
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  #14  
Old 11-01-2014, 12:51 PM
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Kelly's Landscaping Kelly's Landscaping is online now
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Quote:
Originally Posted by larryinalabama View Post
IRAs are simply tax deferred, meaning you will pay taxes on the money at a later date. Naturally it makes sense to take any match that your employer will put in. But see a tax attorney/accountant or you will get royally screwed.

Post tax investments are preferred, at least in my world.
Roth are not tax deferred you pay tax on it as regular income now. But at retirement you are tax free on it and all gains it has had. There are no way to know what rates will be in the future but seeing the top rates are over 40% now have been 70% in the 70s and once it was 96% id rather avoid what may be a very costly mistake. Forget the 17 trillion we have in national debt or the 20 trillion it will be when O finally leaves. We have what some say is 100-200 trillion in unfunded liabilities. That may get very ugly when we try to pay off government works who no longer work but expect full salaries.
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  #15  
Old 11-02-2014, 11:57 PM
cman14141414 cman14141414 is offline
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I agree with Kelley, Roth is the way to go, if you already set up an original, u can have it converted to a Roth.
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  #16  
Old 11-03-2014, 11:57 PM
Eastcoastlawnman Eastcoastlawnman is offline
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Originally Posted by Patriot Services View Post
Heck yes hit the bricks now. What else are you doing? A leaf customer today will lead to a mowing customer come spring. Working outside now will make you really appreciate the fall weather come next summer.
I just went out today, gave out a few card hopefully i get some calls.........
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