Saturday, March 17, 2007

Time to fund your IRAs

Well, It's tax time and most of us are busy doing our income taxes. Most people will get a refund and that's some extra case that you can really use. Remember, this is also the time to fund your retirement accounts if you don't have a company sponsored 401(K) or 403(b) plan. You can open a traditional IRA account and benefit from the upfront tax break with traditional IRAs. If you have a company sponsored retirement plan, you can still invest money in a Roth IRA account if you meet certain income restrictions. Current contribution limits are $4,000 for individual unless you're over 50 years old.
So don't let your retirement planning slide another year and do something about it. If you don't have a lot of money to put in an IRA, start may be with $50 a month.

-Amplidyne

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