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re: Tax board: official, how much you gettin back thread?

Posted on 1/28/16 at 1:46 pm to
Posted by slackster
Houston
Member since Mar 2009
85481 posts
Posted on 1/28/16 at 1:46 pm to
quote:

Because if they didn't, then they wouldn't save the money to begin with because they suck at managing. I don't really see an issue with that.


I understand, but you can also have direct deposits set up from your checking account to other accounts that force savings on people. "Christmas" savings accounts are popular at banks.

Regardless, those people aren't good at managing their money, and if they're competent enough to know they're withholding more than they need on purpose, then they're competent enough to put that difference in another savings vehicle automatically.
Posted by TheWiz
Third World, LA
Member since Aug 2007
11694 posts
Posted on 1/28/16 at 1:55 pm to
quote:

Because if they didn't, then they wouldn't save the money to begin with because they suck at managing

That's not always the case. We put $2500 into a money market fund every month, I max out my 401k, we max out our IRAs, pay $1,000/month into student loan debts, plus the normal stuff like mortgages etc... That being said, I have $10s of thousands of dollars tied up in some K-1 investments that are going to start paying out in the next few years, if they don't already this year. So as of right now, I have no way to estimate those.
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