Maxing out your retirement account contributions can be a smart financial move not only to help reduce your tax bill but also to ensure you’re setting aside enough money for the future. But do you know how much you’re allowed to contribute?
Contribution limits can vary greatly depending on the type of retirement account(s) you have, and many have increased their limits for 2020. Plus, there is still time to make contributions for 2019 up until Tax Day! Some plans also have catch-up contribution options available for those who are nearing retirement.
Have additional questions about funding your retirement account(s) or making 2019 contributions before Tax Day?
For more information, contact our office at 877-714-2362 to schedule a time for a visit.
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For more IRA Expertise, contact us!
Walter F. Pardo, Founding Partner
An Ed Slott Master Elite IRA Advisor
22 Church Street | P.O. Box 60 | Liberty Corner, NJ | 07938
Phone (877) 714-2362 | Fax 1 + (908) 325.0008