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8 Things to Know About a Mutual Fund

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4. Withdrawal Whenever, Wherever.

Unlike many other investing options (IRA, 401k, 403B), you are given a great advantage with a mutual fund. A mutual fund allows you’re the opportunity to invest your money for the future into a wide range of companies that you have deemed worthy to invest in, and when you are done with your investment, you can simply take the money out to either invest in something else, or withdrawal for your own interest (this is frowned upon in the long run due to taxes). Many investors like this freedom because when something dire comes in your life, it is assuring to know that this nest egg for your retirement is here and waiting whenever you need it. When you withdrawal from a mutual fund, you can expect to have a high tax rate when your annual taxes come around, so be mindful of this. Discuss your tax liability with your tax professional if you are interested in this option.

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