MACS wrote:I also have auto deposits, so I think I'm good.
Again... if you win the lotto are you going to take the annual payments, or the lump sum? Most folks would take the lump sum, because you can actually do some things you'd like to do with it. I prefer to have a windfall each year rather than keep it. I've actually had to write a check for taxes before and it left a bad taste... I'll overpay a little.
Personally, I believe social security is a f***ing ponzi scheme and I think they should definitely let us keep that money and invest it ourselves. If you piss it away... have fun working the rest of your life.
I paid into it for 20+ years (I don't now), but may not ever see a dime of it because I'll have retirement incomes.
Getting a tax return vs hitting the lottery are two completely different things, and not even comparable.
On one hand you say SS is a f***ing ponzi scheme and you think they should definitely let us keep that money and invest it ourselves, but on the other hand you are OK with over-paying your taxes, giving the guberment an interest-free loan, and not investing the monies yourself? That makes no sense whatsoever.
You paid into SS for 20yrs, may not see a dime of it, but are still OK with giving the guberment and interest free loan???
The guberment will charge you interest on taxes you owe, but not pay you interest on the money they owe you. Yeah... that's a good savings plan. I rather pay a little at the end of the year as I've saved more than I pay, and that includes the accountant fees.
IMHO any tax preparer that tells you to give more money than necessary to guberment isn't properly doing their job. Instead they should offer you different alternatives to choose from, just like they would do if you where able to invest your SS money. But that's just my 2¢. Congrats on getting your small loan back. Sorry about the 20yrs of SS money thrown out the window.