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The money shuffle

February 16th, 2012 at 11:54 am

it's that time of year again: for the money shuffle! I moved some money from taxable brokerage accounts into my 2011 IRA and Roth IRA, and into hubby's 2011 Roth IRA. My goal is to clear out some of the regular non-retirement brokerage accounts over the years, to make my life less of a headache during tax time. So, into retirement it goes.

I had signed up for a Southwest airlines rewards card last year because they were giving out 50,000 point bonuses. We were going to use that to fly to Las Vegas for my friend's 40th birthday, but they cancelled the vent (they have no money), so I just cashed in the points for a $200 Home Depot Gift card and a $300 Amazon gift card. The HD card will go to buying a small chest freezer we have been planning to get, and the Amazon card will be saved for Christmas. The card will soon be cancelled.

Hooray for shwag!

1 Responses to “The money shuffle”

  1. patientsaver Says:

    Sigh. That's what I used to do. Transfer money from taxable accounts to an IRA early each year. The easy way to fund an IRA.

    Now, for the first time in probably 25 years, I won't be doing that, becus i'm nervous about unnecessarily depleting my remaining taxable savings, in case I need them to live on.

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