Glide into Tax Season with Solid Financial Planning
Author: ARA Content
(ARA) - With good planning, you can start the year off right by making sure you and your family are financially fit and ready for the new year, and possibly reduce your tax bill. Here is a financial checklist to consider:
Tap into the Power of Tax-Deferral
If you are thinking of investing in mutual funds for long-term or retirement savings, purchase a variable annuity. You've got the 1099 forms for 2000 already from any mutual funds you own. If you have a tax bill this year, you'll likely wait until April 15 to pay it, to give the money extra time to work for you. What if you had the option to wait 10 or 20 years to pay? That's tax-deferral. You control when you pay taxes on your money...
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