Getting a Large Income Tax Refund is Foolish

This is the time of the year where most people will head to their local H&R Block, Jackson Hewitt and Liberty Tax offices to get their income tax return. Some even anticipate a large tax refund and will even pay a premium, in order to get their money now. Others will use this as their forced savings plan, their vacation money or get-me-a-new-flat-screen-TV now. Perhaps this will be how they pay off their Christmas debt. Either way, Uncle Sam loves you for it because he is able to use your money, stimulate his economy at the cost of your own personal financial security and ability to build your own financial independence. Never thought about your financial plan this way? Would you like to put your own money in your own pocket throughout the rest of the year, this time around? Time to rethink things! We will also have Dennis Johnson, Certified Public Accountant (CPA) who deals with this issue at this time every year and how he has helped educate his tax clients on how to better plan throughout the year. Dennis also wrote the book, "Do This: Simple Actions To Eliminate Debt and Create Wealth". Call in with your questions, visit our blog to post your comments and suggestions (http://www.moneysmartradio.com) or contact us to set up a personal financial review with one of our Money Smart Coaches in your area.