savings

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This page displays all the results for the Savings tag, sorted by the most recent activity. There are a total of 1 questions that have been tagged with Savings. Explore the questions to find discussions and information relevant to this topic.
Feb 29, 2024
8 months ago
Ken ********
ORIGINAL POSTER
On the whole taxes deal starting in 2024...

theoretically...

What if someone kept the 800,000 in the bank from 2023 (before taxes) and lived just on ATM debit withdrawals mostly.

Wouldn't that really reduce the tax exposure? And also just had the absolute minimum needed for survival coming into the bank.

For me I want to keep putting in 65,000 a month - just so I can eventually get the 800,000 back after a year.

But I wondered if this was another option.
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