Estate Planning

IRA Deadline - how to put 9K in your IRA by April 15th

By David M. Goldman

Unless you qualify for a higher limit based upon age, April 15th is the last day you can put up to 9K in your IRA. Many might be saying, I thought I could only put $4,000 in my IRA. While that is true, you can put 4,000 in for last year and $5,000 in for the next year.

So if you act today you can actually fund your retirement accounts with $9,000 today. Given that many of us invest for the long term, why wait until the last day you can invest when your investments can start earning today.

Full post as published by Florida Estate Planning Lawyer Blog on April 14, 2008 (boomark / email).