{"id":3077,"date":"2021-02-16T14:30:40","date_gmt":"2021-02-16T18:30:40","guid":{"rendered":"https:\/\/rockonthemoney.com\/?post_type=podcast&#038;p=3077"},"modified":"2021-02-16T14:30:41","modified_gmt":"2021-02-16T18:30:41","slug":"ep112-thoughts-on-penny-stocks-where-to-calculate-your-payroll-tax-withholdings-why-your-taxes-are-higher-this-year","status":"publish","type":"podcast","link":"https:\/\/netcast.one\/rotm2\/podcast\/ep112-thoughts-on-penny-stocks-where-to-calculate-your-payroll-tax-withholdings-why-your-taxes-are-higher-this-year\/","title":{"rendered":"EP112 &#8211; Thoughts on penny stocks; Where to calculate your payroll tax withholdings; Why your taxes are higher this year"},"content":{"rendered":"\n<p>We have a great lineup of your social media questions. We have received so many positive comments about these episodes. If you have a question for us please email to podcast@rocklandusa.com<\/p>\n\n\n\n<p><strong>QUESTION 1<\/strong><br>I heard about penny stocks, could you tell us about these? Or your thoughts on these?<\/p>\n\n\n\n<p><strong>QUESTION 2<\/strong><br>My husband\u2019s company just sold and he was told he can either cash out his 401K or he needs to transfer to another program, (It\u2019s about $40k). What would you do? Roth IRA? Traditional IRA?<\/p>\n\n\n\n<p><strong>QUESTION 3<\/strong><br>I think we are in baby step 5, only debt left is primary home $283k and $205 on lake place. Should we in these crazy times be paying down our mortgage or stock piling cash? Husband is still doing 15% in 401k and I lost my job due to Covid and haven\u2019t found anything yet.<\/p>\n\n\n\n<p><strong>BREAK<\/strong><\/p>\n\n\n\n<p><strong>QUESTION 4<\/strong><br>Is it recommended to dollar cost average into mutual funds? Mutual funds, like individual stocks, are mostly at all time highs. Looking to put in 400k and just feel like the 15% correction in the short term is imminent.<\/p>\n\n\n\n<p><strong>QUESTION 5<\/strong><br>What site can I go on to figure out what I need to do in order to break even during the tax season?<\/p>\n\n\n\n<p><strong>QUESTION 6<\/strong><br>For the first time in FOREVER we owe on our taxes. Same salaries. Same everything. What did we do wrong? Did something change?<\/p>\n\n\n\n<p><strong>BONUS <\/strong>&#8211; We are back on BS1. I have a lot of medical problems so I contribute $3500 to FSA each year (and it gets used). My husband doesn\u2019t understand why I want him to stop contributing to his 401k until we get through BS1-3.<\/p>\n\n\n\n<p>**This post may contain affiliate links, and we may be compensated if you make a purchase after clicking on the affiliate and\/or partner links.<\/p>\n\n\n\n<p id=\"block-68c73f71-9f43-44b7-9e36-85b6e0e876e8\"><strong>Sponsored by Choice Realty Connect :<\/strong><a href=\"https:\/\/choicerealtyconnect.com\/\"><strong> https:\/\/choicerealtyconnect.com\/<\/strong><\/a> when you are wanting to buy or sell a home, condo or any type of property. Trust Amanda to help match you with up to 3 top agents in your area.<\/p>\n\n\n\n<p id=\"block-2d1e1fc1-c666-4ec9-9be9-f3df91e8665a\"><strong>BESTOW &#8211; Fast, Free Quote on affordable online term life insurance. No exam, no waiting, no hassles: <\/strong><a href=\"https:\/\/tinyurl.com\/y79pywmw\"><strong>https:\/\/tinyurl.com\/y79pywmw<\/strong><\/a><\/p>\n\n\n\n<p id=\"block-41eb90c9-3a9f-4ef1-a67e-7ec17c4d8ee3\"><strong>WEBULL &#8211; Get 1 FREE stock valued up to $1,200 here<\/strong>: <a href=\"https:\/\/act.webull.com\/kol-us\/share.html?hl=en&amp;inviteCode=HvpbX35EsVmn\"><strong>https:\/\/act.webull.com\/kol-us\/share.html?hl=en&amp;inviteCode=HvpbX35EsVmn<\/strong><\/a><\/p>\n\n\n\n<p id=\"block-8ceb106a-518f-4db8-b499-81192304ddc8\"><strong>Website: <\/strong><a href=\"https:\/\/netcast.one\/rotm2\/\"><strong>https:\/\/netcast.one\/rotm2\/<\/strong><\/a><br><strong>Subscribe to the podcast &#8211; all links located here: <\/strong><a href=\"https:\/\/linktr.ee\/rocklandusa\"><strong>https:\/\/linktr.ee\/rocklandusa<\/strong><\/a><br><strong>Call us with your questions : 989-888-ROCK (7625)<\/strong><br><strong>Facebook Group: <\/strong><a href=\"https:\/\/www.facebook.com\/groups\/your401k\/\"><strong>https:\/\/www.facebook.com\/groups\/your401k\/<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We have a great lineup of your social media questions. We have received so many positive comments about these episodes. If you have a question for us please email to podcast@rocklandusa.com QUESTION 1I heard about penny stocks, could you tell us about these? Or your thoughts on these? QUESTION 2My husband\u2019s company just sold and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2950,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"episode_type":"audio","audio_file":"https:\/\/netcast.one\/rotm2\/wp-content\/uploads\/2021\/02\/ROTM-EP112.mp3","cover_image":"","cover_image_id":"","duration":"36:10","filesize":"34 MB","date_recorded":"16-02-2021","explicit":"","block":"","itunes_episode_number":"112","itunes_title":"Thoughts on penny stocks; Where to calculate your payroll tax withholdings; Why your taxes are higher this year","itunes_season_number":"","itunes_episode_type":"full","filesize_raw":"36038960"},"tags":[105,168,205,218],"series":[234],"coauthors":[284],"episode_featured_image":"https:\/\/netcast.one\/rotm2\/wp-content\/uploads\/2020\/10\/ROTM-EP82-mp3-image.jpg","episode_player_image":"https:\/\/netcast.one\/rotm2\/wp-content\/uploads\/2020\/04\/album-rockonthemoney1410-10.jpg","download_link":"https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-download\/3077\/ep112-thoughts-on-penny-stocks-where-to-calculate-your-payroll-tax-withholdings-why-your-taxes-are-higher-this-year.mp3","player_link":"https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3077\/ep112-thoughts-on-penny-stocks-where-to-calculate-your-payroll-tax-withholdings-why-your-taxes-are-higher-this-year.mp3","audio_player":"<!--[if lt IE 9]><script>document.createElement('audio');<\/script><![endif]-->\n<audio class=\"wp-audio-shortcode\" id=\"audio-3077-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3077\/ep112-thoughts-on-penny-stocks-where-to-calculate-your-payroll-tax-withholdings-why-your-taxes-are-higher-this-year.mp3?_=1\" \/><a href=\"https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3077\/ep112-thoughts-on-penny-stocks-where-to-calculate-your-payroll-tax-withholdings-why-your-taxes-are-higher-this-year.mp3\">https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3077\/ep112-thoughts-on-penny-stocks-where-to-calculate-your-payroll-tax-withholdings-why-your-taxes-are-higher-this-year.mp3<\/a><\/audio>","episode_data":{"playerMode":"dark","subscribeUrls":[],"rssFeedUrl":"https:\/\/netcast.one\/rotm2\/feed\/podcast\/rockonthemoney","embedCode":"<blockquote class=\"wp-embedded-content\" data-secret=\"TCVopx5aBc\"><a href=\"https:\/\/netcast.one\/rotm2\/podcast\/ep112-thoughts-on-penny-stocks-where-to-calculate-your-payroll-tax-withholdings-why-your-taxes-are-higher-this-year\/\">EP112 &#8211; Thoughts on penny stocks; Where to calculate your payroll tax withholdings; Why your taxes are higher this year<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/netcast.one\/rotm2\/podcast\/ep112-thoughts-on-penny-stocks-where-to-calculate-your-payroll-tax-withholdings-why-your-taxes-are-higher-this-year\/embed\/#?secret=TCVopx5aBc\" width=\"500\" height=\"350\" title=\"&#8220;EP112 &#8211; Thoughts on penny stocks; Where to calculate your payroll tax withholdings; Why your taxes are higher this year&#8221; &#8212; Rock on the Money\" data-secret=\"TCVopx5aBc\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! 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