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Follow on Google News | Transform Your Tax Return into Your Retirement DreamsWith the New Book Instant Retirement You Can Use Your Tax Refund to Power Your Future
By: LINX, Corp. “Surveys indicate that more than a third of American adults plan to spend all or part of their average $2,803 refund this year,” said Vickie Petix, the co-author of Instant Retirement. “However that money can grow to more than $7,000 simply by placing it in a retirement account yielding 10 percent for only 10 years.” This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. Meanwhile, more than 20 percent will use the money to go on vacation, 15 percent will spend it on electronics and 30 percent will use it on everyday expenses and necessities. “Instant Retirement: Transform Your Inheritance or Windfall into Your Retirement Dreams is your guide to making smart decisions for when you do get an unexpected gift of cash or windfall such as your 2012 tax refund,” said co-author Paul Botte. “We suggest you turn your tax refund into your future retirement.” Smart steps to using your tax refund include: - Applying your refund to existing credit card debt to reduce future interest expense - Taking your refund to get a head start with funding your 2013 IRA or Roth IRA account. - Using your refund to pay your bills at home for a few months, depending on the size of your refund. “Last, but not least, investing or saving your refund rather than spending it will assist you in pursuing your financial goals,” Botte added. “While preparing annual tax returns it’s important to evaluate all of your personal finances including your goals, dreams and cash flow.” Instant Retirement: Transform Your Inheritance or Windfall into Your Retirement Dreams by Vickie Petix and Paul Botte is available at Amazon.com and other book sellers for only $22. For more information, please visit their website at www.instantretirement.com. Securities offered through LPL Financial. Member FINRA/SIPC. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) -30- Media Contact: Steve Eunpu LINX, Corp. Phone: 703-216-9314 steve@linxcorp.com End
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