Surprising Thing to do With Your Tax Return

The tax filing deadline is about a month and a half away and for many of you who have already filed you may be waiting for your refund check.

Scott Webb of Webb Financial Group says spending the money may not be in your best interest and rather you should do something that could ultimately benefit you later.

"First thing, I would do is I would not get a tax refund. I would take that money that you can free up, put it into your 401k IRA or on a monthly investment that way you are putting money and earning money off of the money you are saving," said Webb,

When it comes to investing, Webb says the younger you begin the better.

"In fact, if you are 22, 23 years old and start investing from 22 – 29 and then another person waits until they’re 30, the person that only invested for 7 years could have more money at the age of 65," said Webb.

To start investing outside of a bank, he suggests mutual funds for someone that is younger and half stocks or half bonds for someone a little older.