Taxes:
The tax season has started fast with our CPA firm. Calls are coming in for last minute business questions about the amount they need to deposit by January 16th 2012 for their fourth quarter income 2011 tax deposit to avoid a penalty. If you need a deposit recommentation send me an email.
More on tax sound bites in later blogs and my prediction on the question will taxes stay the same or go higher in 2012 and 2013.
Finance:
2011 deductible savings contributions have the following deadlines and maximum contributions.
-IRA 5,000/1,000 by 4/16/2012
-Roth 5,000/1000 by 12/31/2011
-401K 16,500/21,500 by 12/31/2011
-SEP up to 49,000 by 4/16/2012 or with an extension 10/15/2012
More on the how and why it is essentional that you build your own pension in a later blog.
Fun Dilemmas:
The answer to the road bike miles versus the mountain bike miles afer an informal survey of my trash talking biking friends is it depends on many factors assuming the riders are in reasonable shape. These varying factors can be how high/steep is the hill, blind turns, headwinds or tail winds, rain or sunny, obstuctions like trees or rocks across the trail.
So the result of all this survey is 2 to 3.5 road bike miles to 1 Mountain bike mile if you are in shape; all others 10 bike miles to 1 mountain bike mile plus a few bruises.
Next week; serious dilemma for young moms. Stay home with the one to three year old kids or work to keep the good job and pay for day care.
Cheers till next week,
Jim
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