wat to get with my tax return? - Page 2 - Toyota Yaris Forums

Moose · 02-22-2007, 07:10 PM

How about making money off of the government for a change? Invest it!

Here's what I do- every year I take my return and put it into a 1 year CD. The next year when I get my return, I close the previous year's CD, combine the 2 and open a new 1 year CD. I do this every year until I get $15,000, then I close the CD and open a Money Market. At this point, I'm waiting for my money market accounts to reach $25,000 each, at which point I will combine them and place them into a diversified retirement account which is designed to lessen in risk as I get closer to my retirement date.

You don't have to work for the government to get a government pension.

Typer73 · 02-23-2007, 08:42 PM

Quote:

Originally Posted by Moose

How about making money off of the government for a change? Invest it!

Here's what I do- every year I take my return and put it into a 1 year CD. The next year when I get my return, I close the previous year's CD, combine the 2 and open a new 1 year CD. I do this every year until I get $15,000, then I close the CD and open a Money Market. At this point, I'm waiting for my money market accounts to reach $25,000 each, at which point I will combine them and place them into a diversified retirement account which is designed to lessen in risk as I get closer to my retirement date.

You don't have to work for the government to get a government pension.

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02-22-2007, 07:10 PM	#19
Moose Resident Redneck Drives: 07 Polar White Yaris Sedan 5M Join Date: Jul 2006 Location: Cumming, GA Posts: 265	How about making money off of the government for a change? Invest it! Here's what I do- every year I take my return and put it into a 1 year CD. The next year when I get my return, I close the previous year's CD, combine the 2 and open a new 1 year CD. I do this every year until I get $15,000, then I close the CD and open a Money Market. At this point, I'm waiting for my money market accounts to reach $25,000 each, at which point I will combine them and place them into a diversified retirement account which is designed to lessen in risk as I get closer to my retirement date. You don't have to work for the government to get a government pension. __________________ My other rides: 2003 Honda Civic LX Coupe 5M- S/C K24 w/ LSD coming soon! 1999 Honda Civic EX Coupe 5M w/ B18 powaa 1985 Toyota Celica GTS Coupe 5M- track whip http://www.importlounge.com

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