Posted: March 2, 2011
Tips on Your Withholding and Financing a New Car
Your Withholding
Take a look at your withholding – are you giving the IRS what amounts to an interest-free loan? If your federal refund was several hundred dollars or more, you may want to adjust your withholding to direct more funds toward reducing high-interest debts, rather than allowing them to earn 0% interest while you wait for your refund.
Financing a New Car
If you are financing a new car, look for the best interest rate before setting foot in the dealership. It could be to your advantage to take a cash rebate and get a loan elsewhere.
Information provided to United Way of St. Joseph County by:
Ronald A. Silverman, CPA, CFP
Creative Financial Planning Advisors, Inc.
Registered Investment Advisor
