Quote:
Originally Posted by Biggd
That $1000 tax return could have earned $20 in a savings account.  Most people blow that on something stupid so it's more likely that big return would be better spent. I would agree if you are getting a BIG tax return you should probably adjust your deductions. |
Yes. In all practicality most people don’t see the extra 20-50 dollars and are not disciplined enough to save it on their own. I also am referring to clients that receive refunds up to 4-5k not huge refunds of 10k plus. You need to know your clients, financial situation, their lifestyle and spending habits then make your recommendations. I will always pushing clients to max our whatever retirement plan is available to them, give til it hurts you will thank me later.
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