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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