After tax day, we are rewarded with the fun task of deciding what to do with our income tax refund. Before buying anything this year, consider some of our smart strategies for investing your tax refund for retirement.
Don’t allow your tax refund check to burn a hole in your pocket. Instead, let your money grow. If you receive money back from the government this year, try one or more of our five ways to invest a tax return for your future.
Why put off to tomorrow what you can have today? A high tax refund at year’s end can be a poor choice for many, because inflation devalues a government refund of your own money. Aside from the threat of scams, there are four main reasons to beware of high tax refunds.
It’s easy to let the priority of taking care of yourself fall by the wayside when you’re working your hardest to manage everything else in your life. Now that your tax return has come, you’re probably thinking about how to invest that money. A great idea would be to invest in yourself—something many people may not think to do.
