For those of you in the US who may be unaware (such as myself a few hours ago), you can continue to make contributions to your Roth/Traditional IRA for the year of 2018 until April 15, 2019. The maximum contribution for the 2018 year is still $5,500, but will go up to $6,000 for the 2019 year.
If you have any extra money around and could use a tax break for the 2018 year (note: the tax break only applies for contributions to a Traditional IRA), this could be a great opportunity for you to get more on a return and save towards your future!
Even if your tax return is in good shape, if you have the ability, use an IRA! Contribute something if you have the means to do so. It can be a great service to yourself in the future.
If you'd like to know more about IRAs or retirement in general, this subreddit has a great resource in the wiki. I also encourage everyone to do their own research to make the best decisions for themselves.
Hope this helps some of you out there!
Submitted February 08, 2019 at 06:42PM by melton365 http://bit.ly/2Sizciy
