I had a chance to visit Philadelphia again this year for our annual Disaster Recovery exercise. I wanted to take some time to stop by the US Mint again to pick up a special coin to commemorate Parker's birth in 2007. I was hoping to pick up the 2007 American Buffalo Gold Proof One Ounce Coin, but they were completely sold out.
I wanted to pay about the same amount I did for Morgan's 2006 American Eagle Proof Gold Coin, so I found the beautiful 2007 American Eagle Platinum Proof One-half Ounce Coin.
Both kids now have a little something special to honor them in the year of their birth.
Thursday, January 31, 2008
Tuesday, January 22, 2008
Tax Credits
Children are so wonderful in so many ways. Fortunately, we also live in a country that tries to honor the family and provides nice tax credits for people with children. This year, Dayna and I are benefiting from a $2,000 child tax credit ( $1,000 for each child ) that helped us achieve a nice refund from the IRS for $5,546.
I've decided to use the refund each year to fund a "children's expense" account that will assist with child-specific costs like The Little Gym, swimming and music lessons for the kids. Since they are the ones providing the bulk of the refund, I felt like that money should be earmarked to fund their activities.
Along with the encouraging news provided above, I also feel compelled to comment on the looming recession. Prior to today's stock freefall, my investments were down a full 10% from just 8 days ago. Once the new figures hit my Quicken account, I'm guessing I'll see another 2 - 5% hit. The market right now is not for the faint-hearted, but I'll remain steadfast in my diversified portfolio and again look for more bargains later this year as I store up cash for another purchase. Good luck to everyone.
I've decided to use the refund each year to fund a "children's expense" account that will assist with child-specific costs like The Little Gym, swimming and music lessons for the kids. Since they are the ones providing the bulk of the refund, I felt like that money should be earmarked to fund their activities.
Along with the encouraging news provided above, I also feel compelled to comment on the looming recession. Prior to today's stock freefall, my investments were down a full 10% from just 8 days ago. Once the new figures hit my Quicken account, I'm guessing I'll see another 2 - 5% hit. The market right now is not for the faint-hearted, but I'll remain steadfast in my diversified portfolio and again look for more bargains later this year as I store up cash for another purchase. Good luck to everyone.
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