FINANZAS | FINANCE APROVECHE SU DEVOLUCIÓN DE IMPUESTOS PARA MAXIMIZAR SU FUTURO

FINANZAS | FINANCE

Take advantage of your tax refund, so you can maximize By: David Pinzon By: David Pinzon Financial Advisor your future.

Have you ever wondered how to achieve a comfortable retirement?

It is the time of the year when we start receiving our tax forms, and after visiting our tax professional, the wait for the "refund" starts. We start making plans for the new car we will buy and the smell of a brand-new vehicle, or the new shoes we wanted all year. We make plans to spend the money we haven't received yet. According to the New York Post, The average tax refund was about $3,100 last year. Here's what to do with your Money. Millions of Americans can't wait to get their tax refunds, but this year it might be wise to save that windfall rather than spend it.

When we look at what the Market has done for the past 90 years, we can start making plans to maximize our tax refund. The S&P 500 Index originally began in 1926 as the "composite index" comprised of only 90 stocks. According to historical records, the average annual return since its inception in 1926 through 2018 is approximately 10%–11%.

However, when we look at these numbers at first, they look like a new and foreign language to us. Have you ever heard, "how can you win a game if you do not know the rules of the games?" The most important rule of the game is compound interest; as Albert Einstein once said "compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't pays it." Let's talk about our tax refund; if we visit the Compound Interest Calculator at www. investor.gov we could calculate how much our Money would do overtime. Let's say that we take $1,000 out of our tax refund and we put it at the back at 1% we would have $2,977.73 at the end of 40 years. However, if you take the same $2,000 on a Mutual Fund Account that follows one of the average Index at 12% you would have $186,101.94 at the end of the same time. If you were to do this for 5 years, you would have approximately 1 million dollars at the end of 45 years.

Therefore, it is important to visit a Licensed Professional by FINRA and establish a plan that would help you maximize your Money.

CALENDARIO DE EVENTOS | CALENDAR OF EVENTS

HILTON HEAD ISLAND, SC

CARRERA DEL TRÉBOL DE HILTON HEAD HILTON HEAD SHAMROCK RUN

HERITAGE PLAZA

MAR • 13TH | 8AM - 10AM

81 POPE AVENUE, HILTON HEAD ISLAND, SC Comienza enfrente de New York City Pizza at Heritage Plaza y termina en Coligni Plaza. Se anima vestir de verde. Hilton Head Shamrock 5K es una tradición familiar divertida y saludable del Día de San Patricio. Los participantes DEBEN usar máscaras antes y después del evento. Retirar solo durante el tiempo de correr. Practicar distanciamiento social.

Start in front of New York City Pizza at Heritage Plaza and finish inside Coligny Plaza. We encourage everyone to run in green. The Hilton Head Shamrock 5K is a fun and healthy St. Patricks Day family tradition. Participants MUST wear masks before and after event. Remove only during your time running. Practice Social Distancing. Informes/Information: bfs@hargray.com

FESTIVAL DE ALITAS DE HILTON HEAD HILTON HEAD WINGFEST

SHELTER COVE COMMUNITY PARK

MAR • 20TH | 11AM - 5PM

39 SHELTER COVE LN, HILTON HEAD ISLAND, SC Wingfest es un evento de diversión familiar. Más de veinte restaurantes locales compiten por las tres opciones principales de People y Judge, muchas alitas para probar y votar.

Family fun event. Over twenty local restaurants competing for People’s and Judge’s top three choices, plenty of wings to sample and vote for. Informes: hiltonheadwingfest.com Informes/Information: (843) 705-6235