Are you getting a fat check back from Uncle Sam? Over 75% of Americans are, so before you release the balloons and throw the confetti, it might interest you to know that a giant refund isn’t cause for celebration. The simple reason you don’t want a refund is that getting one means that you’ve just loaned the U.S. government your money—without making interest on the loan. It’s not the smartest financial plan, especially if you’re lugging around credit card debt, student loans or a negative balance of any kind. Instead of loaning that money to the government, you could be making that money work for you—and earning interest on it at the same time, says LearnVest Planning Services certified financial planner ™ Lorrie Minor.
Posted on: Thu, 15 Aug 2013 04:02:20 +0000
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