It may be 2020 but it’s not too late to contribute to an IRA for tax year 2019.

 

Annual contribution limits may seem insignificant, but coupled with compounding and tax benefits these small contributions can add up in a major way over time.
The figures below are the amounts you can contribute to a Roth IRA or traditional IRA.

 

 

IRA Contributions limits for 2019

If you’re under age 50

Up to $6000

If you’re age 50 or older

Up to $7,000

 

Eligibility

To make a contribution, you have to be eligible, which means you must either:

  • Have earned income, or
  • Have a spouse with earned income and file a joint tax return.

If you have more than one IRA, your total combined contribution to all your accounts cannot exceed the above limits.

 

IRA Contribution Deadline

The deadline for making IRA contributions for tax year 2019 is April 15, 2019.

 

 

 

Don’t miss out

An IRA can be an fundamental part of your retirement savings gameplan. It offers a tax optimized way to help build your retirement nest egg. Even if you have a retirement plan at work, you may contribute to an IRA.

Don’t pass up this opportunity to help prepare for your financial future

 

 

It’s easy!

Opening an IRA is easy! For those who want to start investing, but would like a partner in their journey, we can help. Opening an IRA with me is easy. Follow this link, click on Get Started, enter 86R3 in the Advisor Program Key, answer a few questions and you’re all set. At Miles Brown Asset Management, we can help you find and investment strategy that’s tailored to meet your financial goals. To learn more, please contact us today.

Complimentary Financial Planning Consultation

Would you like to speak with a financial planner about your specific needs? If so, we'd love to hear from you! You can book a free phone consultation with us right now by clicking "Schedule An Appointment".

Once you've picked an available day and time, and provided your contact information, your appointment will be booked. If you have any questions, or need to change your appointment, please call us at (707) 595-8702. We look forward to speaking with you.

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