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Wisest Elder Ever
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Join Date: Jan 2008
Location: Deep South
Posts: 21,576
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Wisest Elder Ever
Join Date: Jan 2008
Location: Deep South
Posts: 21,576
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I've heard of it. But, I'd never do it. It's sort of like overpaying your payroll taxes each month so you'll get a big refund in April. You're letting Uncle Sam have an interest free loan. I never could afford to do that. If you've got $50 a month you don't know what to do with put it in an interest bearing savings account. At least if there's an emergency or something you can access it.
Unless it was an exceptionally close, trusted friend handling the "jackpot" (and even then it'd be "iffy") I wouldn't trust anyone with that amount of money. But that's just me............
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