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Here aresome of the ways that they can help.
This is especially true in a falling-rate environment, which we appear to be heading into in 2025.
In these environments, the yields these accounts pay will actually decrease.
Fortunately, most banks offer long-term investment options that are specifically designed to build lifelong wealth.
Home Mortgages
Wealth-building options at banks arent limited to deposit accounts and investments.
Prudent investors can use certain types of loans to generate long-term wealth as well specifically, home mortgages.
Most larger banks, and even most credit unions, offer home mortgages to their customers.
In fact, thePew Research Centernotes that the most valuable asset in most American households is an owned home.
This is due to their numerous tax breaks.
With a traditional IRA, most investors can deduct the amount of their contributions from their taxes.
Investments grow tax-deferred until withdrawal, at which point they are subject toordinary income tax.
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