Encourages Investors to Use Cash to Support Long-term Financial Goals, Pay Down Debt
Public Company Information:
SAN FRANCISCO--(BUSINESS WIRE)--As the tax deadline approaches and refunds arrive, Charles Schwab & Co., Inc. recommends that investors take stock of their finances to ensure the full benefits of returns are realized.
“While new electronics and vacations are tempting, we encourage our clients to use refunds to support longer-term financial goals,” said Kim Segal, financial consultant in Schwab’s Boston branch. “Particularly in today’s economic environment, it’s important for investors to maximize the impact of this influx of cash by paying down debt or growing an emergency fund.”
For those receiving a tax refund this year, Segal has four tips to help make the most of it:
For more detailed information on the Savings Fundamentals and for links for interactive calculators and educational content, please visit www.schwabsavingsfundamentals.com. And for more information on how saving and investing can add up over time, as well as what it takes to pay off debt, visit the calculators at www.schwabmoneywise.com/resources.
As with any investment, it’s possible to lose money by investing in a 529 plan. Additionally, by investing in a 529 plan outside of your state, you may lose tax benefits offered by your own state’s plan.
About Charles Schwab
The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 7.8 million client brokerage accounts, 1.5 million corporate retirement plan participants, 753,000 banking accounts, and $1.4 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Named "Highest in Investor Satisfaction with Self-Directed Services" by J.D. Power and Associates in 2009, its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and mortgage services and products. More information is available at www.schwab.com. (0410-2179)