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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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Julian Schubach is an Investment Advisor Representative of Nosuris, Inc., a New York State Registered Investment Advisory. Investment Advisory Services are offered through Nosuris, Inc., a NYS Registered Investment Advisory. Please visit www.Nosuris.com for additional disclosures. Check the background of this firm on FINRA’s BrokerCheck.

©2016 by Julian Schubach