4 places to put your tax refund so your money grows with little to no effort - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Tax refunds are currently averaging $1,952

IRAs are tax-advantaged investment accounts that come in two varieties: traditional and Roth. The former allows you to deduct your contributions on your tax return until you reach a certain income level, while the latter is for after-tax contributions and tax-deferred growth. In 2020, you can contribute up to a total of $6,000 to a traditional IRA andOne valuable benefit of an IRA is that you're able to fund your account for the previous year all the way up to the tax deadline.

The opportunity for growth in an investment account is far beyond a savings account. Plus, the money is generally more liquid than if it were tied up in a retirement account. Keep in mind that there will be an element of risk no matter what you invest in, but choosing the right allocation of stocks and bonds can help mitigate it.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Our tax return was over a thousand less this year thanks to Trump’s tax scam.

This is simply the nice way of saying government is charging you excessive income tax and using the money for things you may or may not approve. This is money you could be using to your own advantage.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the life of one of Trump's latest pardonees, Michael Milken - Business InsiderInside the life of Michael Milken, the prominent former Wall Street financier who was pardoned by President Trump over insider trading charges from the 1980s Trump used to have whiskey with Boesky and cookies with Milken.
Source: BusinessInsider - 🏆 729. / 51 Read more »

PRESENTING: The 31 buzziest logistics startups that VCs are watching in 2020 - Business InsiderRead Business Insider's exclusive, VC-sourced roundup of the buzziest logistics startups in the coming year.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider Intelligence - Business InsiderThe article was interesting, but the title... 🤦‍♂️🙅‍♂️ Divorce is never a good thing, it’s never a positive and should not be celebrated. That means one or both parties for whatever reason failed the other. sometimes they don;t even need any promotion at all ! Liberation , freedom is all they need !!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Walmart in-home grocery delivery to grow, predict customers' needs - Business InsiderWalmart wants to restock its customers' groceries before they realize they're running low as it beefs up its in-home delivery service
Source: BusinessInsider - 🏆 729. / 51 Read more »

Monzo: Neobank plans to grow sustainably into US and continue UK push - Business InsiderMonzo, one of Europe's hottest neobank startups, wins 200,000 customers a month without marketing. Now it's coming for the US.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How Bill Gates puts a communication technique he learned from Warren Buffett to work - Business InsiderThe billionaire famously uses this method in both business and personal communications to make abstract concepts more relatable to his audience.
Source: BusinessInsider - 🏆 729. / 51 Read more »