Tax

These 2 Accounts Offer the Best Tax Advantage and Here’s Why

These 2 Accounts Offer the Best Tax Advantage and Here’s Why

Understanding the different ways investment vehicles are treated from a tax standpoint can be tricky business. Terms like ‘tax-deferred’ and ‘tax-deductible’ can be confused or misunderstood given the gamut of financial jargon that peppers almost any financial literature. But knowing how certain retirement savings tools are taxed can go a long way at helping you build a tax-efficient investment strategy. After all, whatever you save in taxes can be allocated towards funding your financial goals.