EP112 – Thoughts on penny stocks; Where to calculate your payroll tax withholdings; Why your taxes are higher this year

Play episode

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

I heard about penny stocks, could you tell us about these? Or your thoughts on these?

My husband’s company just sold and he was told he can either cash out his 401K or he needs to transfer to another program, (It’s about $40k). What would you do? Roth IRA? Traditional IRA?

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’t found anything yet.


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.

What site can I go on to figure out what I need to do in order to break even during the tax season?

For the first time in FOREVER we owe on our taxes. Same salaries. Same everything. What did we do wrong? Did something change?

BONUS – 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’t understand why I want him to stop contributing to his 401k until we get through BS1-3.

**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.

Sponsored by Choice Realty Connect : 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.

BESTOW – Fast, Free Quote on affordable online term life insurance. No exam, no waiting, no hassles:

WEBULL – Get 1 FREE stock valued up to $1,200 here:

Subscribe to the podcast – all links located here:
Call us with your questions : 989-888-ROCK (7625)
Facebook Group:

Join the discussion

More from this show