You are looking at Bossy’s accountant’s home office, and welcome to Apostrophe S Anonymous.
Bossy took much interest in her accountant’s home office, because a little bit she was like, “With financial advice as smart as his, why isn’t he living in the Ritz Carlton on Central Park South?”
But then Bossy’s husband pointed out that their accountant is paying college tuition for several children and Bossy was all, “ohhhhh.”
Anyway. Bossy’s accountant discussed another interesting strategy that flew in the face of the strategy Bossy adopted in the beginning of this Poverty Party, and it has to do with the dilemma over paying yourself first versus paying down your credit cards first, which Bossy has written about many times.
Bossy’s accountant said that because her one beefy credit card balance has such a low interest rate, 3.90%, it is actually preferable for Bossy and her husband to carry this loan, and instead put found money into their non-existant retirement funds.
And so Bossy was all, “But what if the economy gets even worse and credit card companies decide to call in their loans and then Bossy will lose her house.” And while the accountant thought this was a valid argument, he said that as long as Bossy doesn’t make any new purchases with her card, they will not be able to change the terms of her loan.
And as long as the terms of Bossy’s credit card loan don’t change, and as long as Bossy faithfully makes the minimum payment on that loan, her money is better served in an IRA.
This is one of those reasons Bossy thinks it’s wise to hire someone to look over your particular situation, which never exactly matches the Oprah guest that Suze Orman, for example, is confronting.
Now all Bossy needs is the found money part.