OK so after finalizing my tax return, the damage isn't quite as bad as before, but I still owe about $2650 between federal and state taxes. Although I already have funds earmarked for this, withholdings and estimated payments have been adjusted for 2019 to make sure that scenario isn't repeated. The goal is to get as close as possible to $0.
The 2018 SEP contribution was just transferred over, which explains the sizable jump in the retirement category (and drop in cash). It's all still sitting in a government money market fund. I need to be brave enough to actually start buying mutual funds with it, but like a lot of market timers I'm waiting for some semblance of a correction before doing so.
Work is a little lighter than before, which is great for me since I can now play catch up with the backlog of projects I've put off for so long. I don't know how long this ebb will last, so better get cracking at it. If I settle into this pattern there won't be much to report for a few months (probably a good thing). |