Make a Deductible IRA Contribution for 2018. It’s Not Too Late!

Make a Deductible IRA Contribution for 2018. It’s Not Too Late!

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IRA Contribution

Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2018 tax year between now and the tax filing deadline and claim the write-off on your 2018 return. Or you can contribute to a Roth IRA and avoid paying taxes on future withdrawals.
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Is the Roth Right for you?

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Many financial advisors and accountants suggest contributing as much money as possible to your workplace 401k or traditional IRA.  The money put into these retirement vehicles reduces taxable income and saves taxes today.  For many people, funding a Roth IRA may be a better strategy.

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