This last-minute retirement savings deadline is fast approaching

This last-minute retirement savings deadline is fast approaching
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WED, MAR 13, 2019
YOUR WEALTH
Editor’s Note
Did you forget to contribute to your individual retirement account in 2018?

If so, I bet you are kicking yourself, believing it’s too late, right? Well, think again. While the government limits how much you can invest in these tax-advantaged IRAs each year, the good news is that it offers an extended IRA contribution deadline. You have until April 15 — the deadline to file your 2018 federal tax returns — to contribute for the 2018 tax year.

In 2018, you were able to put up to $5,500 in either a traditional IRA or a Roth IRA. if you’re age 50 or older, you can make an extra “catch-up” contribution of $1,000. Well, what are you waiting for? The deadline is fast approaching for you to take advantage of this smart investment strategy.

For more cool stuff like this, please follow me on Twitter @jimpavia and check out CNBC’s Financial Advisor Hub.

5b44bafc1696f.jpg Jim Pavia
@JIMPAVIA
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CONTRIBUTORS
5b460bc98c1ce.png Sharon Epperson
@sharon_epperson
5b44bc0e4b20b.jpg Josh Brown
@ReformedBroker
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