LogFAQs > #950696798

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, Database 7 ( 07.18.2020-02.18.2021 ), DB8, DB9, DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	What's the point of a savings account in a bank?
emblem boy 02/16/21 10:59:52 AM #40:	TheHoldSteady posted... Coloradough posted... I don't really see this side of the argument... You've made money, you win either way because if I'm in a situation where I need to access my emergency funds I don't want to have to worry about paying extra money I don't have? You do have the money though... you just sold. And the tax isn't "due" until you file taxes. Advice is usually to set aside whatever gains you made by what your tax rate should be if you want to make sure you have the money available to pay --- Pitter-patter, let's get at 'er <cite>emblem boy posted [p:950696798] in What's the... [t:79298168]...</cite> <quote>TheHoldSteady posted...</cite> <quote>Coloradough posted... </cite> <quote> I don't really see this side of the argument... You've made money, you win either way</quote> because if I'm in a situation where I need to access my emergency funds I don't want to have to worry about paying extra money I don't have?</quote> You do have the money though... you just sold. And the tax isn't "due" until you file taxes. Advice is usually to set aside whatever gains you made by what your tax rate should be if you want to make sure you have the money available to pay --- Pitter-patter, let's get at 'er</quote> ... Copied to Clipboard!
Topic List	Page List: 1