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Feb 14, 2015
6:52
:45
pm
garyfan
Agreed. People who don't have excess monthly cash flow shouldn't even think
about it.
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garyfan
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garyfan
Joined
Sep 19, 2013
Last login
Jun 21, 2024
Total posts
38,017 (3,892 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.
ChubbyChaser
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.
ChubbyChaser
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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