Nov. 13th, 2008
Weird Old World.2
Nov. 13th, 2008 10:16 amRealized while discussing family finances: this year, overpaying your income taxes by not jiggering your withholdings may be one of the better financial investment bets to have made. Oh, sure, when you get your tax refund in February, you won't be paid interest on the time the Fed had it, but on the other hand, you'll get 100% of your overpayment refunded. If you jiggered your with withholdings and put that same money into stocks, bonds, money markets, or mutual funds, you might only be able to cash out about 70% of your investment, or less, now. So, overpaying your taxes outperforms the stock market. Go figure.