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Checking Testosterone Levels...

August 3rd, 2007 at 10:38 pm

I might be on my way to another zero $ day! That all depends on who gets to drive tonight - I might insist as the boy drove last weekend, and I have XM radio for entertainment. Heading down to the coast for the weekend, which usually costs over a tank of gas ($50). And I already know my sister bought us tickets to the Monterey Bay Aquarium, so I will have to repay her $25. Beyond that I don't think I'll be spending anything, eating at home or out to lunch with my mom.

So I'm getting the balls to bite the bullet and sell some of my company stock. I've been here over 5 years and thusly, have a lot in both vested options and Employee Purchase Plan (which I've dropped contributions down to 1% just to keep my hand in the plan, but the price just isn't worth it right now).

But what do I do? Say I sell enough to net $5,000 after taxes - do I dump it into 5.05% E*Trade savings? Do I open a Roth IRA? Do I pay down my 6.99% home equity loan? Or, in addition to my girl-balls, do I also grow some hair on my chest and start investing? Grrr.

6 Responses to “Checking Testosterone Levels...”

  1. annab Says:

    The ovaries! Or, if you want to tough it up, the "huevos"! :P

  2. Carolina Bound Says:

    Emergency fund!

  3. baselle Says:

    Roth.

    Because you deposit your money in it after tax, any deposits you make can be taken out at any time. The money that you make in it - interest, capital gains, dividends, etc. - are what can't be taken out without penalty. Means that if you put $4000 in the Roth, and you can take that $4000 out, it can double as your emergency fund.

    Also, the Roth is a vehicle, a container as it were, you can invest from it. The only issue there is that you can't deduct your losses.

  4. Ima saver Says:

    I would say a roth IRA!

  5. monkeymama Says:

    I'd go with ROTH or e-fund. (Or 1/2 and 1/2?). The thing is you do get the tax benefit and it can double as an emergency fund if you need it, as stated. The younger you are (& lower tax bracket) the more a ROTH makes sense. More time for it to grow tax-free!

  6. katwoman Says:

    ROTH! ROTH! ROTH!

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