About Me

jIM

I am a 35yo married and father of twins. I will update the photos once in a while. They were born 3 months early in March of 2008 and went through a tough first 4 months. They are now doing well.

Retirement checkpoints
( ) $1.5 M needed age 53 2026
( ) $750k needed age 45 2018
( ) $375k needed age 37 2010
( ) $180k needed age 29 2002

I had 200k before the drop in 2008. I need to set aside around 200k in next 2.5 years to get early retirement.

[ ] max 401k for me
[ ] max 401k for wife
[x] max Roth for me
[x] max Roth for wife
[x] start taxable portfolio
[ ] 3 months expenses in EF
[ ] 9 months expenses in taxable account
[ ] open college savings account for kids
[ ] dividend income equals half of annual expenses
[ ] pay off 2nd mortgage by 2013
[ ] pay off 1st mortgage by 2026
[ ] finance next car for 3 years or less
[ ] pay cash for my next car around 2016
[ ] start a TIPs 10 year bond ladder by 2016.

Taking Tax Preperation course

September 3rd, 2008 at 09:37 am

I signed up for a HR Block tax course today. Cost me $130 for the books and provided I pass the course with a 70 and final with an 80 I will be preparing tax returns for some extra money come tax time.

Posted in retirement | 3 Comments »

3 Responses to “Taking Tax Preperation course”

noppenbd Says:
September 3rd, 2008 at 12:43 pm

Any idea how much you can make doing this? I have considered it myself.
jIM_Ohio Says:
September 3rd, 2008 at 01:18 pm

I am going to try it for a year. I hope to gross about 10k, but not sure if that expectation is reasonable.

Because my old side job netted be about 5-10k under the table annually, I am hoping this endeavor can do something similar.

Over time if I get good at the tax thing, I will probably go it alone and do financial planning for a living.
Aleta Says:
September 7th, 2008 at 08:35 pm

I think this is a great step for you to try out the financial world. I'm sure you will learn alot just by doing people's returns. Congratulations on your decision. It can only help you.

jIM_Ohio is Investing to retire early

Instead of making retirement a question, make it a sport- can I do it and how fast?

Taking Tax Preperation course

3 Responses to “Taking Tax Preperation course”

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