Individual Retirement Accounts (IRAs) are a great way to supplement employer-sponsored retirement accounts or for self-employed persons who are responsible for their retirement planning. “Choosing the right retirement account can be complicated—but it doesn’t necessarily have to be. Our IRA Contribution Calculator will take you through what you need to know to make an informed…
Category: Individual Retirement Account
Boost your savings with the Retirement Savings Contributions Credit
Get paid to contribute to your retirement account with the Retirement Savings Contributions Credit. Eligible filers can claim up to 50% of retirement contributions for a maximum credit of $1,000 and married couples filing together may receive $2,000. It’s a non-refundable credit so you must owe federal income taxes to benefit. “For 2021, you may…
IRA or Tattoo? Tattoo or IRA?
“What’s an IRA?” the young person planning to get a tattoo might ask.A tattoo is forever, following you into retirement. How many future retirees will look at their sagging tattoos and wish they had saved more for retirement? How much are you spending on tattoos that provide no economic return while claiming you can’t afford…