lending money

[tortoise]

GGD wrote:
[quote=graylocks]
if you don't set a rate and the gov gets involved they may tax you for the interest you SHOULD have made. you can google how to determine the lowest rate possible. given how piss poor savings rates are you could probably set the rate pretty darn low.

Maybe use 13 week T-Bill rates as a starting point for the going rate for interest (about 0.06% now, that would be about $60/year on $100,000), that's what the government is willing to pay if they borrow money from you.

http://www.treasury.gov/resource-center/...=billrates
Actually your decimal point is off, the amount would be $600 not $60, still rather pathetic for $100,000 investment and why I got out of T-Bills years ago.