Make the best use of your tax refund

It’s that time of year again, when dancing Uncle Sams and Statues of Liberty line the streets of Hampton Roads and the nation. These icons stand and dance as living signs to the closest tax preparation center, with each preparer promising to get you the biggest refund humanly possible.

If you are one of the ones who receives a refund, there is often the question of what to do with the funds you receive. Is it best to splurge and buy that new flat-screen TV, throw it all on stocks for the future, put it in a savings or drive to Colonial Downs and place it on the long shot?
Here are some ideas on how to use that refund to its fullest potential:
  • Begin or add to your emergency fund
  • Pay down your credit card balances
  • Contribute to your individual retirement account

Read the rest of this article that was written by our very own Nathan Rice, Relationship Manager at our Lakeside Branch, on the Suffolk News Herald by clicking here.

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