3 Tax-Smart Moves for Early 2023
The start of a new year may not matter much from a resolution standpoint, but it does matter from an accounting and financial planning perspective. A new year presents new opportunity to maximize tax-advantaged space, make retirement contributions early, and consolidate your finances to a simpler state.
Here, we'll review three tax-smart moves to make the most of the new calendar.
As we've learned from the base principle of compound interest, the longer you hold an investment, the more interest it will generate in an exponential fashion. The same is true on a micro-level when it comes to making IRA contributions.
Source Fool.com
