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Home > Moving forward + cute kitty video + an IRA question

Moving forward + cute kitty video + an IRA question

February 17th, 2009 at 02:50 am

To keep myself accountable I am going to note here what I am doing each day in my job search.

Today:

1. Applied for unemployment
2. Applied at TexasWorkForce
3. Applied at AtoZ tutoring
4. Stopped by gym location and got my schedule
5. Read most of the employment related articles on MSN

Tomorrow's Goals:
1. Send in paperwork for severance
2. Search Craigslist for odd jobs
3. Apply at company scfr told me about
4. Spend at least two hours cleaning apt
5. Fill out state application
6. Catch up on blog series posts
7. Exercise at least one hour
8. Finish resume info for TWF and AtoZ

My mom called me tonight and told me that she has an interview for a position which I think she'd be awesome at - a teacher trainer/evaluator. She's one of 7 people being interviewed. I think she has an excellent chance.

----
Here is a really cute

Text is video of a kitty drinking. and Link is http://holy-cuteness.blogspot.com/2009/02/noisy-drinking-cat.html
video of a kitty drinking.

Enjoy!

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Since I'm not earning real income now, do I have to stop my Roth IRA contributions? Or could my gym earnings count towards earned income which would qualify me to continue my contributions?

Should I continue them??? I've been sending $75/mo to my IRA, so it isn't a big budget item - - but percentage wise out of even 40 hours/mo at the gym, is pretty huge.




Posted in Work Related, Accountability | 5 Comments »

5 Responses to “Moving forward + cute kitty video + an IRA question”

  1. baselle Says:
    February 17th, 2009 at 03:13 am 1234840434
    1234840434

    You might want to get a second opinion, but I think IRA contributions are based on your yearly earned income. If you get a W-2 from the gym and report earnings from it to the IRS, I think that counts.

  2. frugaltexan75 Says:
    February 17th, 2009 at 03:24 am 1234841062
    1234841062

    Thanks baselle,

    I actually get a 1099 from the gym because I am considered an Independent Contractor. But if IRA contributions are based on a full year's income - then I should be ok. I'll have two months income from oil and gas company + whatever I can earn elsewhere besides unemployment.

  3. creditcardfree Says:
    February 17th, 2009 at 02:45 pm 1234881909
    1234881909

    $75 x 12 months = $900 Yes, they are based on full years income.

    Yes, I would keep sending them in. You have the money, even if it is in the EF. Or you could stop, until you get a job...but at least try to make your goal of $900 by the end the year.

    Good plans for the next few days.

  4. monkeymama Says:
    February 17th, 2009 at 06:17 pm 1234894638
    1234894638

    I'd personally stop contributing until you see how the job situation works out.

    Income is income (1099 or W-2). You just can't put more into a ROTH than you earn any given year. If you have earned $900 you can continue to contribute. I get the feeling you earned $900 already this year.

  5. frugaltexan75 Says:
    February 17th, 2009 at 06:36 pm 1234895788
    1234895788

    Thanks CCF - when I look at it that way - just $900, if I get a full-time job quickly enough, I could easily make it up.

    Monkeymama - Smile Yes, I've definitely made more than $900 already this year. I'll have to call Trowe and find out if there are any fees I'd be charged for not making automatic deposits since, thanks to the stock markets, I have about the same amount of money in it now that I did a year ago (i.e. it's about $1500 under the no fee amount.)

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