Retirement is one thing that many people actively wait for and prepare for in some way. Most people have a retirement fund in the form of a 401k or 403b (for non-profits). There is a new concept that many are looking into as an opportunity to diversify their options even further.
Jeff Badu is a tax preparation services professional working in Chicago, IL. He is a licensed CPA with the state of Illinois and works with people, businesses and more with their tax information. He also helps people prepare for retirement.
A recent blog focused its information on ETFs, exchange-traded funds. Unlike mutual funds that make up the bulk of most 401k and 403b plans, ETFs have the advantage of trading on stock exchanges and throughout the day. Savvy investors can often maximize this opportunity for a safer retirement nest egg.
It is important to note there will be taxes collected on ETFs but differently from the way taxes are collected on mutual funds. Badu explained, “capital gains taxes are only paid if the EFTs are sold. This is an advantage that many of my clients appreciate. It can lower tax obligations significantly.
Badu is quick to remind his clients and guests that ETFs carry some risk and a chance of losses are equally high as gains. This is why Badu strongly recommends meeting with him about tax preparation services at his office in Chicago, Illinois.
Badu Tax Services offers a variety of tax and accounting services in Chicago IL. Badu’s website contains all of the information potential clients will need to prepare their tax requirements. Go to www.badutaxeservices.com for details.
Company Name: Badu Tax Services LLC
Contact Person: Jeff Badu
Email: Send Email
Address:4258 N Greenview Ave Ste 1E
State: Illinois 60613
Country: United States