I would go so far as to say a negative return savings account. Your money is

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Feb 14, 2015
5:48:08pm

PhilPete

I would go so far as to say a negative return savings account. Your money is

always worse less next year than this year.

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PhilPete

Previous username: philpete84041
Bio page: PhilPete
Joined: Sep 24, 2003
Last login: Jun 21, 2024
Total posts: 27,323 (28 FO)

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Messages

Author

Time

If you are going to use a tax refund as a forced interest free savings plan,

workindev

2/14/15 5:43pm

I would go so far as to say a negative return savings account. Your money is

PhilPete

2/14/15 5:48pm

Not much different from a traditional savings account

mobius

2/14/15 5:54pm

Very true. Savigns account only a couple percent better.

PhilPete

2/14/15 6:50pm

At best 1% better

mobius

2/15/15 8:19am

Not so if the Fed imposes negative interest rates

Busiturtle

2/14/15 6:27pm

I hope that guy isn't really a CPA.

2/14/15 5:48pm

I don't think he was advocating for that kind of tax strategy. He was just....

RexIdaCoug

2/14/15 6:03pm

If he wasn't advocating for it then I extend my apologies.

2/14/15 6:11pm

A lot of snobbiness here re: potential annual savings of tens of dollars

jokerman

2/14/15 6:19pm

I think there is a little more than that at play here. If course there is a

workindev

2/14/15 6:33pm

Some people would blow the "windfall." Others would use it productively.

garyfan

2/14/15 6:37pm

I'm sure there are studies showing what the average refund is spent on, and I'd

workindev

2/14/15 6:46pm

You're making my point because you and those studies are talking about the

garyfan

2/14/15 6:51pm

Might be viable if the wifey sees knows and spends your monthly account but

franklyvulgar

2/14/15 6:04pm

The entire issue is overstated.

garyfan

2/14/15 6:25pm

Probably, but a lot of people have credit card debt....

RexIdaCoug

2/14/15 6:39pm

Agreed. People who don't have excess monthly cash flow shouldn't even think

garyfan

2/14/15 6:52pm

There are better alternatives for your non economic reasons than having somebody

workindev

2/14/15 6:53pm

It's true there are opportunity costs. But it's still overrated.

garyfan

2/14/15 10:01pm

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