scratch that...have to pay $110. CD and HYS 1099-Int just arrived

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Jan 25, 2020
5:36:42pm

byuguns55 All-American

scratch that...have to pay $110. CD and HYS 1099-Int just arrived

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byuguns55

Bio page: byuguns55
Joined: Oct 24, 2009
Last login: Jun 12, 2023
Total posts: 27,958 (1,287 FO)

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Messages

Author

Time

Taxes almost done; getting back $200 this year...compared to $1100 last year

byuguns55

1/25/20 12:53pm

Who cares? You only got $1,100 back last year. Getting as close to zero as possible is a waste of time.

Pimpin4Paradise

1/25/20 12:56pm

Time value of money

1/25/20 1:02pm

Do tell, what is the time value of that extra $900? Really it’s only $900 at year end so it averages out

Pimpin4Paradise

1/25/20 1:06pm

Yeah.

1/25/20 1:07pm

Well technically the $45 is a ‘waste’ in his budget but ya

kotacoug

1/25/20 1:11pm

What does he have to give up to reduce $45 in his budget elsewhere?

Biyamiti

1/25/20 1:24pm

Talking a mere minutes for $45

1/25/20 1:27pm

Except that he's not really getting a 10% return. He's probably getting a 1% return in his savings account. IOW $4.50.

Pimpin4Paradise

1/25/20 2:06pm

Well done, you're right on the mark

Avery

1/25/20 1:18pm

scratch that...have to pay $110. CD and HYS 1099-Int just arrived

byuguns55

1/25/20 5:36pm

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