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Retirement tax questions
I believe he means he got the check or deposit. He wants to know what to invest it in so he doesn't get taxed too much in the future. Whatever you invest in will probably generate taxable income. Like if you put it in the bank you will get interest on it. One thing you can do is pay down any loans or credit cards you have. That will save you any interest charges. So it would be like getting that interest rate on your money. You could go to a local financial planner for how to invest it for the long term.
‎June 20, 2024
2:56 PM