Reducing Tax Liability

**Show-me** · 12-18-2009, 11:48 AM

DAMN, I've been infiltrated.

Originally Posted by James48843

Too late.

They know EVERYTHING now.

Attachment 7661

**Jackbnimble** · 12-21-2009, 07:02 PM

"You know what the difference is between you and me..... I make this look good." MIB

grandma, we have our methods. Show-Me, keep talking........

All, have a Merry Christmas.

**mudigha** · 12-31-2009, 05:03 AM

Well personally, this is what I do! I first Max out my Bonds. Which is 5000 per year. I max out the TSP of course 16500 or something like that. Since I have a child I also max out on FED spending plan which takes non taxed dollars out of your check and helps to pay for day care and medicine. I then can voucher what I spend and get my money back. so in total. 5K + 5K + 16.5K=26.5K. This drops me back into a modest tax bracket. I love it.

**Show-me** · 12-31-2009, 10:47 AM

Yea, I love tax season. By the time I deduct TSP and FSA, I'm so poor I barely pay any taxes. Now I just have to hide my retirement money. Roth TSP!

**Jackbnimble** · 12-31-2009, 02:19 PM

Originally Posted by mudigha

Well personally, this is what I do! I first Max out my Bonds. Which is 5000 per year.

mudigha, are you talking about Savings Bonds? If so I don't believe they come out pretax. Also, savings bonds would generally not be anywhere in my investment portfolio. It is convienient to have it taken out of your check, but the return on the EE bonds is lousy. I might understand the I bonds at 3% currently.
I am shring my opinion and I would like to hear your reasons for maxing out bonds? Also, are you using the I bonds and what purposes?

Thanks

Jack