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Here's How You Can Invest $15,300 Tax-Free in 2024

The Motley Fool

Investing in certain types of accounts can not only help you build wealth, but can save you money on taxes right now. Here are two of those types of accounts that millions of Americans can use to invest thousands of dollars and get a bigger tax refund in 2024 and beyond. The main difference between the two is the tax treatment.

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These Are My Favorite Accounts for Building a Millionaire Retirement

The Motley Fool

Both offer excellent tax advantages. One of the drawbacks of 401(k)s, in the eyes of some investors, is that they tend to offer a limited menu of investment choices -- perhaps just a dozen or so mutual funds or exchange-traded funds (ETFs). Your taxable earnings shrink by $7,000, shrinking your tax bill.

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How Should a Beginner Invest in Stocks? Try This ETF.

The Motley Fool

There's nothing wrong with dipping your first toe in Wall Street's waters through a low-cost exchange-traded fund (ETF). What's an exchange-traded fund? An exchange-traded fund is a collection of securities that you can buy or sell through a brokerage firm on a stock exchange.

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4 Reasons to Avoid a 401(k) for Your Retirement Savings

The Motley Fool

The bulk of them are managed by mutual fund companies, with most of those companies limiting your investment choices to their family of funds. In fact, you may not even have access to that fund company's entire fund lineup. But there are scenarios in which you might be better off doing exactly that.

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Here's Why I Finally Decided to Buy a Bitcoin ETF

The Motley Fool

The emergence of spot Bitcoin exchange-traded funds (ETFs) has opened up a new avenue for investors to enter the cryptocurrency market without the complexities of managing crypto wallets and navigating exchanges. After doing so, however, I could buy whatever ETFs, stocks, or mutual funds I wanted.

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I Absolutely Prefer a 401(k) to an IRA for Retirement Savings. Here's Why.

The Motley Fool

For example, a Roth IRA offers exceptional tax benefits, making it an outstanding retirement planning tool. It also comes with immediate tax benefits. For example, taxes on 401(k) contributions are deferred until retirement, meaning you can lower your taxable income during your working years by contributing more to your 401(k).

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The 4 Most Misunderstood Rules of Charitable Giving Write-Offs

The Motley Fool

Not only do the holidays inspire goodwill and cheer, but many people are interested in writing off their donations as we close out the tax year. But there's also a lot of confusion about charitable donations and when you can write them off for tax purposes. To write off a charitable deduction, you'll need to itemize your tax return.

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