So hypothetically,
Let's say I just returned from a vendor conference where I won some money from several people in what might best be described as an elaborate "bar bet". By the end I netted about 35k in actual cash. All in good fun and no hard feelings - these are people who can afford it.
I now have this lovely pile of cash, undocumented cash. Before I go and create a paper trail for uncle sam by depositing it into my retirement account, I might think to myself "how could I use this to my financial advantage, in a way that 35k pulled out of my savings could not be used?"
What an interesting thought experiment, eh? Your interesting thoughts would be welcome.
Best - KK
Let's say I just returned from a vendor conference where I won some money from several people in what might best be described as an elaborate "bar bet". By the end I netted about 35k in actual cash. All in good fun and no hard feelings - these are people who can afford it.
I now have this lovely pile of cash, undocumented cash. Before I go and create a paper trail for uncle sam by depositing it into my retirement account, I might think to myself "how could I use this to my financial advantage, in a way that 35k pulled out of my savings could not be used?"
What an interesting thought experiment, eh? Your interesting thoughts would be welcome.
Best - KK