Are you grappling with the best way to save for retirement? With the countless options available, it can be overwhelming! But not to worry, there is an option that often gets overlooked - the IRA savings account. This safe and interest-bearing account can be the perfect sidekick on your retirement
The assets that are swept to the Vanguard Federal Money Market Fund have a secure home in the VBS division of Vanguard Marketing Corporation. VBS is a member of the FINRA and SIPC, so the assets hold SIPC coverage for securities. It is important to keep in mind that the assets are not guaranteed by FDIC
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The Internal Revenue Service (IRS) requires all interest earned in savings accounts, including those with high-yield rates, certificates of deposits, and money market deposit accounts, to be reported as taxable income on your tax return. Your bank will typically send you a 1099-INT form for any interest
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