dreamwurx|Jack’s Business Newsletter

Doing your taxes can be painful, but many people look forward to tax time because they enjoy figuring out how to get the biggest refunds back from the IRS. These refunds can be used to benefit your personal finance goals if you take good advantage of them. The best way to do this is by opening a brokerage account with your refund. Discount brokers in particular are a great option as they offer commission-free ETFs that are worth a closer look.

Having access to a decent assortment of commission-free ETFs via discount brokers like TD Ameritrade, Schwab and Vanguard is one of the best ways to invest a lump sum up front, and you can then add smaller-sized investments to this account in the future. While it is certainly tempted to blow that big refund check on a high-priced purchase, your long-term financial health will benefit more form getting that money to work for your future ASAP.