When it comes to money, we all prefer positives in life over negatives, right? It's hard to beat the joy experienced when you discover a large tax refund. But is a large tax refund financially wise?

In This Episode We Look At:

• The definition of a tax refund: Is it a bonus, did you win something?
• The missed opportunity which we refer to as "The Poverty Process"
• We'll show you how to harness the power of your refund throughout the year using "The Prosperity Process"

Today's Resources and Links:

• IRS page for the W-4
• TurboTax explains the W-4
• Fund Your Future: a Tax-Smart Savings Plan by Ed Slott [Affiliate Link]

One Thing You Can Do Today to Improve Your Financial World:

• Look at your last three years of tax returns and check for a pattern of consistent refunds of over $1,000. That's money that can be better managed throughout the year by YOU, not the IRS. Adjust your W-4 today.

What Are Your Thoughts?

If you have a question or comment about today's topic, we invite you to share your thoughts.