Really starting to piss me off. Like don’t get me wrong, I like not paying for bullshit loans, but I have been scraping up cash to pay in a big lump sum when this shit comes due and they keep pushing it off. If they aren’t going to make us pay it tell us and I will put it into my retirement account, what little there is of it. If you are going to make us pay it say so and I will just pay it down now. Keeping cash on hand with this inflation is just fucking burning money.
Hey thanks Chairman! That’s better advice than Biden has ever given me. How do you know so much about American savings law anyway aren’t you supposed to be a Marxist?
The more you know about American tax law, the more radicalized it makes you.
The most shameless AnCap I know - perennial failed libertarian candidate Kathie Glass - is a plaintiff’s attorney. And some of the most hard-left folks I know - working down at Lone Star Legal Aid - are outright socialist.
Genuine question: if, say, I saved up the entire lumped sum needed to clear my debt (which uh I have), is it even worth paying it back in a lump sum or otherwise?
If you’re ok with the investment risk you can always put it in a slit you cut in your mattress and you can withdraw your contributions any time with no penalty or tax implications. Idk if you can buy I-bonds (Treasury inflation indexed bonds) in a mattress bank, but either way inflation is paying 7% right now, cause that’s the inflation number.
