It’s that time of year again. The holidays are over and Punxsutawney Phil is promising an early spring, but before that we’re still in the thick of tax season! While tax season usually conjures images of 1040s, W-2s, and sifting … Read more
Tag Archives: contributions
I often get the question “Can I use a Roth IRA to invest for college?” While the answer is “yes,” the real question is whether you should. The comparison is typically drawn between 529 college savings plans and a Roth … Read more
April is here, and, for some, it’s a time to welcome spring. For others, it means a race against the clock to get their 2013 tax return done before the April 15 deadline. And part of that process frequently involves … Read more
Like millions of Americans, I make a list of New Year’s resolutions each year that, come March, are all but out the window. This year, it’s going to be different. I’ve already hopped on the treadmill and made some progress … Read more
Our mothers always taught us that “everyone else is doing it” isn’t a good reason to do something. But when it comes to IRA contributions, it looks like “everyone else” may actually be right.
Retirement is expensive. IRAs are one … Read more
If you’re not a retirement savings “geek” like me, you may have missed the news that the IRS increased contribution limits for IRAs this year. It’s the first increase we’ve seen since 2008. In 2013, the limits increase to $5,500 … Read more