HPAL Tip of the Week:
Consider individual bonds in your retirement plan.
In addition to bond mutual funds, you can hold individual bonds in an IRA. Taxable bonds’ interest will accumulate tax-deferred until you withdraw it. If you hold taxable bonds outside of an IRA, the interest is typically taxed annually as ordinary income – a rate that’s probably higher than you would pay on stock dividends or capital gains. Read more about qualifying assets for your IRA HERE!
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