tax-free growth

The Difference Between Tax-Deferred and Tax-Free Investing

Investors need to know the difference between tax-deferred and tax-free investing. Tax-Deferred Investing Investors can avail themselves to tax-deferred investing by contributing to their 401(k) plan at work or by funding their IRA. Contributions to these accounts are tax-deferred. The contributions are put in pre-tax. The funds grow tax deferred. When distributions are made from… Continue Reading: The Difference Between Tax-Deferred and Tax-Free Investing

5 Easy Reasons to Fund a 529 College Savings Plan

1) College is Expensive Financing a college education today can be a big challenge.  Having written some checks for college I find it handy to have a cold six pack close by. According to the College Board, the average tuition and fees at a private, nonprofit, four year school for 2023-2024 was $41,540.  Either way,… Continue Reading: 5 Easy Reasons to Fund a 529 College Savings Plan

The Difference Between Tax-Free and Taxable Investments

This article, last updated in December 2023, is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA. Investors need to know the difference between tax-free and taxable investments. Tax-Free Investments One way to have tax-free investments is to own state or municipal bonds. The interest paid on these bonds is not taxable… Continue Reading: The Difference Between Tax-Free and Taxable Investments

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