Quoted in the May 2004 issue of Kiplinger Personal Finance Magazine
Quoted in the May 2004 issue of Kiplinger Personal Finance magazine's "Your Money" section. The article's title was "Make the most of your refund riches".
Here is the text:
George Papadopoulos, a financial planner and tax accountant who works with the Thompsons, gets part of the credit. He insists that his clients maximize their 401(k) and IRA contibutions and be free of credit card debt. He says preaching the no-refund gospel may be a noble cause, but it's not always realistic. "No client ever wants to be in the position of owing the government money on April 15," he adds. "Most of them received sizable refunds before becoming my clients and continue to do so. The difference now is now they put it to good use instead of blowing it."