I’m very intrigued by everything going on with the housing market right now. We were out of town visiting friends this past weekend and had a lengthy discussion about the Homeowner Affordability and Stability Plan, downsizing houses, and foreclosures.
We’ve been fortunate to be in an area that is not seeing plummeting house prices, but we’ve also been giving our current house and our long terms plans a lot of thought. Stay tuned as Scott and I decide what we’re going to do about our house…
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Etrade IRA. Etrade is offering 100 free trades for new Traditional, Roth, or Rollover IRAs opened by December 31, 2009. The trades must be executed within 30 days, and you’ll be credited for the trade commission within eight weeks. Open a new Etrade IRA by April 15 to apply your contributions to the 2008 tax year.
Home Buyer Tax Credit Form Updated. For those of you waiting to file your taxes and claim the $8,000 First Time Home Buyer Tax Credit for 2009 home purchases, you’re in luck. The IRS updated the 2008 Form 5405.
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I loved Rose’s list on wierd things you can hold in an IRA. Partnerships was the most interesting.
Good luck with the house. Keep us posted.
I find the $8,000 for first time homebuyers galling, just a blatant handout. You can even delay filing your taxes until you purchase a house and get your refund this year instead of next. All this housing stuff is doing is putting an artificial floor in place for the irresponsible people who bought houses they could not afford or treated them as ATMs. As someone who did it right, bought a place I could afford and was responsible, this like someone walking up and spitting in my face. Survival of the fittest weeds out the weak, and all we are doing is propping them up to help take us down again.