#Invest #Money #Retirement #TaxStrategy

The government provides for its citizens to save #money for retirement. In doing so, people save money on taxes so there is an incentive in doing so. In effect, the government gives you free money for investing in your own future. An #IRA is just simply – a tax favored investment allowed by the government for its people. You put in money, get a tax deduction (save on taxes), don’t have to pay taxes now (tax deferred), but do when you pull the money out (taxable event). Based upon your circumstances it may help you to get #rich. #Fidelity and #Vanguard tell you to invest in them but you really should understand the basics of what an IRA is before doing so.

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#Invest #Money # Retirement #TaxStrategy…(read more)

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