What to do with your tax refund: 9 simple ideas
The average tax refund in the U.S. in 2015 was $3,120, according to the IRS. When used wisely, that’s money that could help you reduce your debt, save for your kids’ college tuition or grow your retirement fund.
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Before you invest in a Section 529 plan, request the plan’s official statement from your advisor and read it carefully. The official statement contains more complete information, including investment objectives, charges, expenses and risks of investing in the plan, which you should carefully consider before investing. You should also consider whether your home state or your designated beneficiary’s home state offers any state tax or other benefits that are available only for investments in such state’s 529 plan. Section 529 plans are not guaranteed by any state or federal agency. Always consult a tax professional.
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