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Apr 21, 2021
Pandemic year tax tips from the Investment Company Institute
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2020 was a very stressful time for Americans as the COVID-19 pandemic quickly morphed into an economic challenge for almost everyone. Unplanned changes in finances and work led many to worry about saving for the future.
Now, as Americans prepare to file taxes, possibly look for work, or perhaps get another stimulus check, interest in making the most of your money during a tough financial time has surged. Consumers can be smart and boost their long-term financial health by learning more about investing in mutual funds or ETFs— and may be able to cut their tax bills by using an individual retirement account (IRA).
Sarah Holden, Retirement and Investor Researcher for the Investment Company Institute, discusses tax tips and financial strategy.
