Tuesday, January 24, 2012

Investment Tip - Let the IRS Errantly Seize Your Money

bits & pieces
Today's Investment Tip





After a several year's long battle with the IRS, during which time they raided our bank accounts, jeopardized our credit rating, and unleashed the state on us ( looking for its share of the spoils), we finally won last year.  Yes, we got our money back. We also got a check for the  interest on the held funds (about 4% ).  So there you have it.  The best (relatively safe) return on your money today comes from getting the Feds to errantly seize your money, keep it for some time before proving they erred, and get the bonus money.  How's that for cups half filled?   Unfortunately the state was more recalcitrant.  They forked over, but no interest from them,  and no notice in the newspaper that they erred by (publicly) placing a lien.  But still ... .

You're welcome.





3 comments:

DougT - Occupy CS said...

You are the 4%! Better watch it. Warren All You Can Eat Buffet may complain that you get to keep too much of your money.

Esteve said...

You are so right. Four percent today is awesome. I keep getting requests from AMEX to join their "high yield" savings acount at .92%. To keep the government solvent and able to pay it's debt they have forced down interest and punished those who save.

Anonymous said...

That is indeed a happy day, RKOF. Methinks a party is in order.
mary

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