Tag: IRA

Tagged: IRA

Make a deductible IRA contribution for 2018. It’s not too late!

April 3, 2019 April 4, 2019 Tax Department Tax Bites IRA, IRA contributions

Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2018 tax year between now and the tax filing deadline and claim the write-off on your 2018 return. Or you can contribute to a Roth IRA and[ … ]

Tax-smart options for your old retirement plan when you change jobs

October 7, 2016 October 6, 2016 Tax Department Tax Bites 401k, direct rollover, early-withdrawal penalty, IRA, Retirement Plan, tax-deferred savings

There’s a lot to think about when you change jobs, and it’s easy for a 401(k) or other employer-sponsored retirement plan to get lost in the shuffle. But to keep building tax-deferred savings, it’s important to make an informed decision about your old plan. First and foremost, don’t take a lump-sum distribution from your old[ … ]