AH OK! That explains why it went from loan repayments to rainyday names. It's really poorly written (in favor of sucking dem dick) and I obviously misunderstood the part where they transitioned from one to the other. The problem with the rainyday fund is that if you use it, you can't claim the emergency against your taxes. And rarely is there an emergency under $1000 a year, so you pay taxes on what you take out. Which is why I thought it was totally fucking people over on their retirement. Instead, it only gives their retirement a reacharound.
AH OK! That explains why it went from loan repayments to rainyday names. It's really poorly written (in favor of sucking dem dick) and I obviously misunderstood the part where they transitioned from one to the other. The problem with the rainyday fund is that if you use it, you can't claim the emergency against your taxes. And rarely is there an emergency under $1000 a year, so you pay taxes on what you take out. Which is why I thought it was totally fucking people over on their retirement. Instead, it only gives their retirement a reacharound.