How to Save Your Tax Refund for Retirement

 

If you're expecting a tax refund this year, consider saving at least a portion of it for retirement. Depositing your tax refund in an individual retirement account could make you eligible to claim a tax deduction on your current or a future tax return. You won't have to pay tax on your IRA contribution until you withdraw the money from the account.

 

Here's how to save your tax refund for retirement...

 

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