How to make your tax refund last a lifetime

Tax season. Love it or hate it, but it’s that time of year. You’re gathering wage statements, receipts, and whatever other items you need in order to file your taxes with the IRS.

After the headache of gathering and compiling information and filling out paperwork, you send the tax form to the IRS. You wait for your refund. You wait some more. If you’re lucky, you receive your refund within a few weeks. If you’re not one of the lucky few, you wait a few more weeks. Finally, though, you receive it, perhaps via direct deposit or mail.

The next step, of course, is deciding what to do with that money. If you’re like me, you’ve been thinking of the many, many ways to spend your tax refund. Topping my list is a laptop. Maybe you’ve been contemplating a similar purchase or a mini-vacation without the kids. Maybe your husband’s been ogling the newest LCD TV at Best Buy. Maybe you’re planning to catch up on some bills.

No matter how you’ve been planning to spend your tax refund, is it the best option? What will you have to show after you’ve spent that money on the TV or the vacation? You might have some nice photographs, and the kids will love playing the Wii on the new TV, but do those things outweigh the loss of money? What if you could take all or part of that tax refund and put it into a plan that has a guaranteed return?

It is possible to do that with Flor and Associates Insurance Agency. The agency will recommend that you invest a specified amount of your tax return for a certain period of time. During that time, your investment is protected from creditors and predators. At the end of that time period, you receive the money you invested, tax-free. Think of what you could do with that money. You could pay off your house. You could have a small nest egg as you enter your retirement years. What could be better than that? A tax refund that lasts a lifetime rather than the lifespan of an LCD TV.

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