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Funding Your Future: how to maximize a tax return

Posted at 1:06 PM, May 10, 2016
and last updated 2016-05-10 15:06:43-04

Financial expert Rachel Langlois with Cyprus Credit Union tells us how to maximize a tax return. For more information, go here.

Saving Your Tax Refund

  • Put your refund in an emergency savings account
  • It is money already set aside so it does not impact your lifestyle
  • You should be able to live for 3 months on the savings - keep at least $1,000
  • Once you have enough emergency funds, put the rest in a retirement account
  • Talk with a Cyprus Wealth Advisor for free
  • Make a plan
  • It is never too late to start