Reminders & Tips (January 2017)

Even though it's 2017 already, you have until April 15 (tax day!) to make your IRA or Roth IRA contributions for the 2016 tax year.

If your company does not offer a retirement plan or you are self-employed, an IRA can be a great way to reduce your taxable income. Alternatively, a Roth IRA is also an excellent (and tax-efficient) way to save money because you won't pay any taxes on the distributions when you retire. However, there are certain income limitations that may make some individuals ineligible to contribute to a Roth IRA.