Video: Key Benefits of Tax Advantaged Accounts

Transcript:

What is a tax advantaged account?

A tax advantaged account is a type of savings account that can not only hold your money…

…but can allow you to avoid or defer paying taxes on that money…

…depending on the type of account you choose.

There are many different types of tax advantaged accounts, all with different objectives.

And these accounts can also be tax-deferred or tax-exempt.

In addition to reducing the amount of tax you pay, there are many other benefits of tax advantaged accounts…

…such as meaningful government incentives…

…more choice…

…and more flexibility.

If you're looking for a way to help increase your savings…

…reduce your tax burden…

…and give yourself More control over where your money goes…

…start learning about options like tax advantaged IRAs and CDs at SynchronyBank.com.

LEARN MORE: Synchrony Taxed Advantaged IRAs