Make the most of your retirement savings by contributing the maximum yearly limit to your IRAs. For the 2018 tax year, you can contribute a total of $5,500 to your Traditional and Roth IRAs. If you are over the age of 50, you may contribute an additional $1,000, known as a catch-up contribution.
IRA contributions for 2018 can be made up until the tax filing deadline in April 2019.
Please cosult your tax advisor or financial advisor with questions about your individual tax circumstances.
PLEASE ALLOW EXTRA TIME FOR YOUR IRA PAPERWORK.
Since the IRS requires signatures on contributions, we recommend members submit their IRA contribution in advance of April 15 to allow plenty of time to complete the necessary paperwork.
« Return to "SLFCU News"