It’s time to feed your “Financial Freedom Fund.” The federal government (under previous administrations… not sure how long this great deal will last….) offers a tax credit to help workers boost their retirement accounts.
“The Retirement Savings Contribution Credit, aka the Saver’s Credit, is a tax credit that may be applied to the first $2,000 of voluntary contributions that an eligible worker makes to a 401(k), 403(b) or similar employer-sponsored retirement plan, or to an IRA or myRA. The maximum credit is $1,000 for single filers or individuals and $2,000 for married couples,” according to Steve Vernon at CBS Money Watch. Get the details at: http://www.cbsnews.com/news/dont-pass-up-free-retirement-money-from-uncle-sam/
Now is the time to plan for your financial security in later life!
Source: Financial Planning for Women