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So, what does your wife’s hair look like?
Kids credits saved you
lol, been cutting my own hair for 18 years……
Josh, Haven’t you ever heard of we are all in this together, so your proud you save that $15 for a haircut, that’s fine but that’s a job someone has and may need your services to help them but I hope they know that you think saving $15 maybe 12-15 times a year is going to make you better off since you brag you made $100,000 a year for last 10 years. I guarantee you I’ll never give you a dollar of my money as I would rather support someone who knows it’s good to support others when your in business yourself.
I thought you could escape the penalty if you have a hardship.
Man Josh you are high and thight with the new haircut. Great information
Nice video series
I think it is a racket when you pay someone to cut your hair or perform some other service and then pay them again with a tip after they are done. Now if they go beyond what you are paying them to do, then a tip is in order. I don't see that in a hair cut I would want. I love it when my wife cuts my hair. I prefer it. The alternative is I will cut my own hair. Their ain't $5 worth of work up there on me.
Josh, if you were taking money from Rule of 55, in a similar situation, could you be possibly getting a tax refund and owe nothing from a 401K distribution?
I'm super interested in this and curious – may be heading this route myself someday…..
Child tax credit is $2k per child but the child must be under 17. This will be changing, however, in your example you had the oldest child at 18, so he/she wouldn’t qualify. So, the other 3 children at $2k each resulted in the $6k credit.
I missed the example and thought you had really done this. I did not catch on until you started knocking off your kids to see how it could work better. My bad as I am a slow learner. I watched it again and there is some very good info in there.
I bet you won't need that IRA money after the first year and by the 3 year you will be replenishing that IRA . Also what about Pablo (child #5) 🙂
Thank you for sharing.
Great video Josh. Glad you kept it simple and I could follow you there. That pesky 10% penalty on the early IRA w/d doesn't look so bad after you ran the numbers.