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GrummanDude
Joined: 15 Jan 2006
Posts: 926
Location: Auburn, CA
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 Posted: Tue Nov 21, 2006 1:06 pm Post subject: Cowling Update. Betting on the come. |
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Well, I did it. I cashed in an IRA so that I can pay for the cowling
DER/DAR/Engineering approval paperwork. At least I can get it done.
My gamble is that I'll make enough to put money back into another IRA.
Being self employed has a lot of benefits; having a guaranteed
retirement package isn't one of them. I also don't have any health
insurance. If it weren't for complete medical coverage through the
Veterans Administartion, I'd be up Sh*t Creek without a paddle.
Keep your fingers crossed boys and girls.
Gary
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_________________
Gary
AuCountry Aviation
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tscott165(at)cableone.net
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| Posted: Tue Nov 21, 2006 6:16 pm Post subject: Cowling Update. Betting on the come. |
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Hey Gary,
I'm sure you realize cashing in an IRA can be pretty expensive if you're not old enough. It can be subject to regular income tax and a 10% penalty if you are too young. But I'm sure you know that.
Scott Boyce, AA5B, 28339
Boise, ID
On Nov 21, 2006, at 2:05 PM, teamgrumman(at)AOL.COM (teamgrumman(at)AOL.COM) wrote:
[quote]--> TeamGrumman-List message posted by: teamgrumman(at)aol.com (teamgrumman(at)aol.com)
Well, I did it. I cashed in an IRA so that I can pay for the cowling DER/DAR/Engineering approval paperwork. At least I can get it done. My gamble is that I'll make enough to put money back into another IRA. Being self employed has a lot of benefits; having a guaranteed retirement package isn't one of them. I also don't have any health insurance. If it weren't for complete medical coverage through the Veterans Administartion, I'd be up Sh*t Creek without a paddle.
Keep your fingers crossed boys and girls.
Gary
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