WKBT
April 20, 2021 8:46 AM newsfeedback@fool.com (Charlene Rhinehart, CPA)
Posted:
Updated:
April 20, 2021 12:07 PM
If you didn’t have a chance to maximize your Roth IRA (individual retirement account) contributions last year, don’t beat yourself up. There’s still time to crush your retirement savings goals. The IRS pushed back the filing due date for individuals submitting a 2020 tax return, giving you a few more weeks to make Roth IRA contributions for 2020.
Here are some insights to help you make the most of your 2020 Roth IRA success plan and sprint to the finish line with ease.
Image source: Getty Images.
KXLY
April 19, 2021 4:32 AM newsfeedback@fool.com (Charlene Rhinehart, CPA)
Posted:
Updated:
April 19, 2021 10:24 AM
If your child earned income in 2020, there’s a special offer that you can take advantage of before the tax deadline. It’s called the Roth IRA (individual retirement account) and it could be key to helping your child become a millionaire before retirement.
Here’s a breakdown of how the Roth IRA works and how you can put your child on the fast track to retirement success by making a contribution on their behalf for 2020.
Image source: Getty Images.
Beat the tax deadline for Roth IRA contributions
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April 16, 2021 5:37 AM newsfeedback@fool.com (Charlene Rhinehart, CPA)
Posted:
Updated:
April 17, 2021 6:55 AM
If you’re on a mission to generate more tax-free earnings during retirement, you don’t want to miss out on your annual Roth IRA (individual retirement account) contributions.
For those who qualify, a Roth IRA allows you to contribute money you’ve already paid taxes on and invest in assets that can grow your portfolio. Here’s the bonus: All of your earnings accumulate in your account tax-free. The more you contribute every year, the greater your chances are of earning more income during retirement.
Fortunately, there’s still time to contribute to your 2020 Roth IRA. The IRS has extended the tax-filing season to May 17, which gives you more time to achieve your 2020 contribution goals. Here are some tips to help you get to the finish line with ease.