{"id":117811,"date":"2016-01-18T21:25:35","date_gmt":"2016-01-18T21:25:35","guid":{"rendered":"http:\/\/www.merindab.com\/private\/2016\/01\/18\/new-side-of-tumblr\/"},"modified":"2016-01-18T21:25:35","modified_gmt":"2016-01-18T21:25:35","slug":"new-side-of-tumblr","status":"publish","type":"post","link":"https:\/\/www.merindab.com\/private\/2016\/01\/18\/new-side-of-tumblr\/","title":{"rendered":"New side of tumblr"},"content":{"rendered":"

pringlesaremydivision<\/a>:<\/p>\n

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largoindminor<\/a>:<\/p>\n

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mojoflower<\/a>:<\/p>\n

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billiethepoet<\/a>:<\/p>\n

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tzikeh<\/a>:<\/p>\n

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snarlfurillo<\/a>:<\/p>\n

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pareesuh<\/a>:<\/p>\n

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dynastylnoire<\/a>:<\/p>\n

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1monielove9<\/a>:<\/p>\n

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dynastylnoire<\/a>:<\/p>\n

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scorpiophobia<\/a>:<\/p>\n

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dynastylnoire<\/a>:<\/p>\n

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scorpiophobia<\/a>:<\/p>\n

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missbuttercupifurnasty<\/a>:<\/p>\n

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sosaysdeb<\/a>:<\/p>\n

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missbuttercupifurnasty<\/a>:<\/p>\n

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thesassyblacknerd<\/a>:<\/p>\n

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fuckin-nastyxxx<\/a>:<\/p>\n

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iridemagnums<\/a>:<\/p>\n

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bambina-theenative<\/a>:<\/p>\n

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iridemagnums<\/a>:<\/p>\n

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bambina-theenative<\/a>:<\/p>\n

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solarsematary<\/a>:<\/p>\n

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healthdad<\/a>:<\/p>\n

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bambina-theenative<\/a>:<\/p>\n

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Grown folks tumblr<\/p>\n<\/blockquote>\n

lets talk about taxes<\/p>\n<\/blockquote>\n

I got my briefcase out already<\/p>\n<\/blockquote>\n

Are you offering to do taxes because I\u2019m not great at it.. I usually throw $30 at TurboTax and let em handle my lightweight.<\/p>\n<\/blockquote>\n

Bruh, I pay Jackson Hewitt like 200+ to do my taxes .<\/p>\n<\/blockquote>\n

WTF. Girl you better hop on TurboTax and stop throwing your money away \ud83d\ude33<\/p>\n<\/blockquote>\n

I just don\u2019t wanna do my own lol laZy slut \ud83d\ude29\ud83d\ude2d <\/p>\n

Fuck around, do something wrong and be missing a rack .<\/p>\n<\/blockquote>\n

Shiiitttttt\u2026. I\u2019ve been doing my own taxes online with TaxSlayer for years now. I think they usually charge $14.99 to process the federal, state is free and your bank charges $29.99 automatically to process and deposit electronic tax returns. That\u2019s it. I always get my refund back a few days before Valentine\u2019s Day if I file around the 1st. I will never let anyone process my taxes again for $200+. Fuck that\u2026..<\/p>\n<\/blockquote>\n

I get my taxes done by an old white lady who always has Fox News on the tv in her office, but she always got a big ass bowl of candy with chocolate that I can eat and she only charge me 60 bucks and I always get some money back.<\/p>\n<\/blockquote>\n

Ive used Turbotax for the past decade. This was one of my little hustles doing taxes via Turbotax in college. It was a great money maker lol.<\/p>\n<\/blockquote>\n

Lmao y’all really talking about taxes\u2026<\/p>\n

But what are you guys contributing to your 401k? Is 10% too low? We don\u2019t pay income tax in TX so should I put in more?? I do have a separate savings account but I\u2019m so scared about being poor when I\u2019m old and retired.<\/p>\n<\/blockquote>\n

I have 401k\u2019s from previous jobs but I currently have a 403b. We are young so you\u2019ll see people advising that we should be investing more. But that\u2019s an issue. In 2008 when the market crashed, people lost everything in their 401k\/403b. I lost 60% of mine (which had me sick) and I\u2019ll tell you why. The further away your estimated retirement date the riskier the investments they\u2019ll offer for your plan. There\u2019s the chance of higher returns but then there\u2019s a chance of higher loss. IRA\u2019s (Traditional and Roth) are a great way to add some safety and diversify to your portfolio, lol. People tend not to do them until closer to retirement age but they are great for every age. Under 50yrs old you can contribute up to $5000 a year, over 50 you can contribute $6500 a year. They\u2019re interest gaining accounts and there are tax breaks if you make under a certain amount annually. FDIC insures these types of accts. So your covered up to $250,000 (there are ways to up your FDIC coverage but that would be for another post). Tricky thing with IRA\u2019s is you can have a million spread across different financial institutions but you can only contribute the amounts above. If you exceed the max contributions for the year, there is an IRS penalty. You can start one with as little as $500 and gradually increase to meet that max as your career\/pay increase over years. At 59.5yrs you can start receiving payments, which is considered taxable income.<\/p>\n

With all of that said, lol, I personally do 6% (my employer matches) and then $5000 for IRA.<\/p>\n<\/blockquote>\n

@grownfolktumblr hello, young one here. I have always wondered why it is expected to invest in these retirement programs and not just open up a bank account and continually transfer money in there? @dynastylnoire<\/a> @onlyblackgirl<\/a> @sosaydeb<\/p>\n<\/blockquote>\n

@mysstique2cus<\/a><\/p>\n<\/blockquote>\n

Also, can we talk about buying a house versus paying rent for the rest of your life. How yall feel?<\/p>\n<\/blockquote>\n

Really, buying a house is one of those things that sounds great in theory but only actually is great if you\u2019ve got like 5 stacks in savings for when you need a new roof, hot water tank, a random major appliance dies, or something happens to your sewage line.
Plus, county assessments and all kinds of taxes. Closing costs, etc.<\/p>\n

You also typically need to have spotless credit. <\/p>\n

A lot of black folks got burned when the housing market tanked because of mortgages that were written to bury them in debt. And while the sub prime mortgage Scandal was exposed I really don\u2019t trust banks at all after that.<\/p>\n

Plus, I\u2019m not balling. So I rent.<\/p>\n<\/blockquote>\n

Ok but what are y’all thoughts about buying land and building a house? My grandfather did it (and literally our entire family has needed\/benefitted from that house at some point).. Ive recently been debating with my partner about rent-to-own condos vs saving to build a house in the future..??<\/p>\n<\/blockquote>\n

My mom and dad did the same, and the house is now paid off. But that was in the 80s. <\/p>\n

Reblogging for Hgtv tumblrs thoughts about building on land now<\/p>\n<\/blockquote>\n

For retirement, starting out (in 20s) it\u2019s recommended to contribute 10%. If you live in a place with no income tax, are able to live comfortably, and feel like contributing more by all means do so. However BEAWARE. Most agents will tie your contributions to mutual funds that are more beneficial to THEM then they are to you. When setting it up (or if you already have one) ask to see the book of available mutual funds. It\u2019ll give history of every mutual fund and how it\u2019s doing how it\u2019s done for past 2 or 3 years and I think even a projected yearly prediction of how it will do. Obviously, you\u2019ll want to invest your money in the ones that will do YOU the best. <\/p>\n

It\u2019s better to use a 401k (If ROTH is available that\u2019s even better) than just transferring to bank because in a bank your money only collects interest. In a 401k, you\u2019re investing money to gain more money than you\u2019re actually putting in there. It\u2019s more beneficial and you\u2019ll end up with more money than if you just kept contributing to a bank. <\/p>\n

It depends on your life stage for buying\/renting a house. For example, if I have a family of 5 and my rent is 4000 a month thats 480,000 in 10 years. On the other hand, if I buy a house that\u2019s 480,000 and my mortgage ends up being 2000$ a month, in 20 years I\u2019ll own the house (-and won\u2019t have another 10 years of paying 480,000). There\u2019s different mortgage plans of course and this is a very simplified version of renting vs buying. There\u2019s pros and cons to both, and just have to find what works best for the stage of life you\u2019re in, what your economic\/financial abilities are and how much you feel you\u2019re going to stay in one place.<\/p>\n

My sister and her husband live in Texas and bought 6 acres of land. They built the house built fences for their horses moved in and I\u2019d say they couldn\u2019t be happier. They don\u2019t have any financial issues either. My sisters husbands dad has built a few properties in Texas and has sold them. Has made a good profit as well. @1monielove9 @dynastylnoire\n<\/p><\/blockquote>\n

https:\/\/www.irs.gov\/uac\/Free-File%3A-Do-Your-Federal-Taxes-for-Free<\/a> If you make less than $62000\/yr, you can use IRS Free File, which gives you access to software like TurboTax to file your taxes for free. I\u2019ve used Free File software for the last four or five years and it\u2019s great. @dynastylnoire<\/a><\/p>\n<\/blockquote>\n

HOW MUCH DO I LOVE FREE FILE let me count the ways omg. I filed yesterday for 2015 and the IRS doesn\u2019t even start PROCESSING THEM until tomorrow. I already know my refund and when I\u2019ll get it. Never again the April deadline for me.<\/p>\n<\/blockquote>\n

I love grown folks tumblr. <\/p>\n<\/blockquote>\n

Aww, How To Adult 101.\u00a0 <\/p>\n

I\u2019ve always been so glad that my husband is into all this stuff: \u00a0I\u2019ve always just floated along. \u00a0Now we\u2019re in our 40s and got a retirement stash and are about 50% to owning our house and life is pretty sweet.\u00a0 And then early last year divorce reared its ugly head.\u00a0 We\u2019ve worked it out, for the time being, but it was a wake-up call for someone who\u2019s NEVER filed taxes.\u00a0 Not only that, people our age die, they actually do, and not just in car accidents.\u00a0 So now we go over all this stuff together.\u00a0 Because it\u2019s stupid to let one part of a couple handle everything.<\/p>\n<\/blockquote>\n

this is such an important point. it\u2019s so wonderful to have a partner to go through life with and share these responsibilities, but even if you don\u2019t<\/i>\u00a0pay the bills\/do the taxes\/pack the kid\u2019s lunches\/schedule doctor\u2019s appointments\/handle the car maintenance\/whatever, you should definitely learn how. the first time my ex took our daughter to school after he moved out i asked him what he gave her for breakfast and he said\u00a0\u201coh i was supposed to give her breakfast?\u201d he wasn\u2019t being willfully ignorant (i don\u2019t think) he just legit didn\u2019t know what to do.<\/p>\n<\/blockquote>\n

this is so legit, and it makes me realize i need to teach the husband how to do our taxes should the need ever arise. i\u2019ve been doing ours since before we got married, back when we were both filing separately, and it\u2019s super-easy because we don\u2019t have any investments (other than husband\u2019s 401k) or anything like that, but still.<\/p>\n

also re: housing – you need to think about where you wanna live and if you ever wanna move. that\u2019s my biggest issue with the idea of owning a house vs renting (actually it\u2019s my second-biggest; my biggest is that i\u2019ve lived in apartments my whole life and i have no idea how to do any sort of home maintenance) – owning a house is fucking permanent. or, at least, way more permanent than a 1-year lease. it\u2019s a lot more work to sell a house than it is to give your landlord a few months\u2019 notice. so if you\u2019re in a place you think you\u2019re gonna want to stay forever, then i guess getting a house makes sense, but damn, i want options.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

pringlesaremydivision: largoindminor: mojoflower: billiethepoet: tzikeh: snarlfurillo: pareesuh: dynastylnoire: 1monielove9: dynastylnoire: scorpiophobia: dynastylnoire: scorpiophobia: missbuttercupifurnasty: sosaysdeb: missbuttercupifurnasty: thesassyblacknerd: fuckin-nastyxxx: iridemagnums: bambina-theenative: iridemagnums: bambina-theenative: solarsematary: healthdad: bambina-theenative: Grown folks tumblr lets talk about taxes I got my briefcase out already Are you offering to do taxes because I\u2019m not great at it.. I usually throw $30 at … <\/p>\n

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