Including a tax-free savings account (TFSA) into your retirement strategy is an excellent way to diversify your savings and investments while also enjoying significant tax benefits.
The tax-free growth and flexibility of the account makes them a smart addition to any portfolio. It is best to start contributing to your TFSA early so that you can benefit from the tax-free growth as you approach retirement.
There are three main reasons why retirees should consider adding TFSAs to their plans:
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Esta historia es de la edición October 19, 2024 de The Citizen.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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Breaking down the auction world
The South African Institute of Auctioneers (SAIA) has unveiled a groundbreaking new resource aimed at making auctions more accessible and less intimidating for everyone.
Breaking down the auction world
The South African Institute of Auctioneers (SAIA) has unveiled a groundbreaking new resource aimed at making auctions more accessible and less intimidating for everyone.
Discover hidden gems
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Race-by-race guide to Sha Tin meeting
Luke Middlebrook's early tips and race previews for Sunday's racemeeting at Sha Tin in Hong Kong
Nahaash to bolster Costa's run
Michael Costa, the top trainer in the Emirates this season, has dominated Jebel Ali's first two meetings, saddling seven winners at the Dubai track.
Roberts hopes to See It Again
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BOWLING BLITZ
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Nabi bemoans Chiefs finishing
Kaizer Chiefs head coach Nasreddine Nabi has reiterated that his side are nowhere near the level they are aiming for, after they beat Richards Bay 2-1 in the Betway Premiership on Wednesday.
Iga accepts doping ban
Paris French Open champion Iga Swiatek escaped with a onemonth suspension for a positive doping test after convincing the International Tennis Integrity Agency that it had not been intentional, the ITIA announced yesterday.
Proteas must work on bowling
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