It's tempting to blow your tax refund on new possessions and vacations, but investing tax dollars in a Roth IRA can do more in the long-term. Compound investing means investment of $3,000 today could produce $50,000 over 30 years. Investors aren't taxed when they withdraw their funds in retirement. The savings can also be used for emergencies, education or for a down payment on a home.
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