Don’t miss the 2013 IRA deadline and cost yourself saving more for retirement.
In the haste of getting all your tax documents in order to meet with your tax preparer, don’t forget about making your IRA contributions for the 2012 tax year.
If you didn’t know, even though you haven’t opened an IRA account yet, you can still do so and still be eligible to make a contribution for 2012 – this applies both to traditional and Roth IRAs.
Taxpayers will have until Monday, April 15 to make their 2012 IRA contributions. Even if you are just now opening an account you want to contribute toward last year first. Once the deadline passes you cannot contribute for that tax year in the future.