The thing I find hard to believe is...

The thing I find hard to believe is 80% of most Americans get refunds...I personally always claim fewer deduction than I could actually claim. It is my ploy for one reason.

Investors would say you should always invest your extra income in mutual, gold, or other funds. But as a average human...and husband I found there was always someplace and some reason to spend extra money. Kids, doctors, pets, clothing, etc.


I decided to instead take the extra refund amount every year and invest at least 50% in the best available later life income fund. Giving a lump sum to the family for a vacation, extra kid toys, clothing, etc. The family looked forward to the excitement. My choice of longterm investment were tiger coupon government guaranteed amounts. With 14%to 16% interest for the term of the bonds. Up to 30 years in length. So by paying 2-3 thousand $dollar in 1976 I was guaranteed 20-30 thousand thirty years later on one tiger bond. So after 2006 I have 401k, social security, and tiger bonds maturing each year.


YES, I used social security as a retirement well as 401k, and government bonds. Investors will tell you that it may not be the best investment...BUT UNLESS THE GOVERNMENT GOES UNDER...IT IS GUARANTEED. AND IF THE GOVERNMENT GOES AWAY...THERE IS NO GUARANTEE ON ANYTHING.


Ward Tipton Added Oct 12, 2018 - 8:07am
They get the money they have loaned interest free to the government all year back ... see what a kind and benevolent government our dear leaders run? Ain't great to live in the land of the free where the average person only has to work for three months out of every year for free so the government can spend all that money so much better than the people can. 
As for investments, an FPVUL (Flexible Premium Variable Universal Life) insurance policy is a non-endowing whole life policy which can be pre-taxed. The premium is flexible allowing you to dump as much as you want into it, though this may not all be eligible for pre-taxing ... and then when the cash value is large enough, you take a quarterly loan on the interest less fees. You pay no taxes on a loan and the interest pays off the loan and fees so you have no out of pocket expenses. The only penalty is your life insurance value or benefit does not increase. 
Leroy Added Oct 12, 2018 - 1:22pm
I'm guessing it wasn't Tiger bonds if you purchased them before 1982 or after 1986.  They were based on treasuries but backed by Merrill Lynch.  Nevertheless, sounds like you recognized a great opportunity and took advantage of it.  I looked at zero coupon bonds at the time and decided it looked too good to be true.  We won't likely have that opportunity again anytime soon.  You would be lucky to break even today, considering inflation.
Bonds today are a dangerous game if you have to sell before maturity, in particular, zero coupon bonds.  The bonds will sell at a price reflecting today's interest rates.  A small increase in interest rates can translate into a huge drop in the value of the bond.