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Hereswhat you oughta know.
Most Americans claimed all of their eligible stimulus payments during the actual COVID-19 pandemic.
So, if youre like most Americans, you shouldnt get your hopes up that another payment is coming.
But for up to 1 million taxpayers, a check will soon be on the way.
By the time you are 65, that free $1,400 would have grown to $22,809.
Thats more than 16 times what you originally started with.
Additionally, your withdrawals will be tax-free when used for qualifying medical expenses.
Boost Your Emergency Fund
The foundation of any financial plan is a solid emergency fund.
But its a great way to shore up a fund if yours is currently lacking.
Avoid Blowing It
Sure, it feels like receiving a stimulus check in 2025 is free money.
After all, its likely that most people receiving it are not even expecting it.
Rather, smart investors see free money as an easy way to boost their long-term investment accounts.
This is particularly true if you find it hard to save money on your own.
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