Tax Refund

[AtoZ]

I have a substantial refund coming in a couple months and am interested in hearing thoughts on what the best use of the money might be in terms of investments for education and retirement savings?
Thanks. Looking forward to reading your thoughts.

[disneysteve]

It all depends on your situation. Tell us more about your income, expenses, current savings, current rate of retirement savings, etc.

I'd also point out that if you are getting a large refund, more than a few hundred, you need to change your withholding so that doesn't keep happening.

[bjl584]

Need more info on your finances, but as Steve said a large refund means that you are giving Uncle Sam a 0% interest loan. Take a look at your withholding status and change it as necessary to decrease your refund amount going forward.

[snafu]

it's helpful to know your age and plans for the next five years like a wish to upgrade your qualifications, change employment or location, buy a car, house or incur some other major expense.