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We have begun a new year. With that, tax planning is upon us. Many of us scramble at the last minute to target that April 15thgeneral deadline. Here is a question to consider…
Did you fully fund your IRA account for 2024? While you may be crunching numbers, one way to potentially improve your tax and investment outlook is to make ‘prior year’ contributions. Most investors had a $7,000 contribution limit in 2024 ($8,000 for investors over age 50) for their IRAs. Investors might not be aware that if they did not fully fund their IRA in 2024, they may still be eligible to “top off” that account by the time they file their taxes, or April 15th, whichever comes first. Give us a call for a more in-depth conversation.