How to Get the Most Out of Your IRA Contributions
Link Copied Editor's note: A version of this article was initially published on Feb. 26, 2018. It is part of Morningstar's Tax and IRA Guide special report. This article has been updated to reflect the new U.S. tax filing deadline of May 17, 2021. In an ideal world you wouldn't wait until the last minute--your tax-filing deadline, which is May 17th in 2021 --to contribute to these accounts for the year prior. Those 11th-hour contributions can cost you some compounding. But let's face it, many investors do wait until the following year to make their IRA contributions, and it's better l...
Source: morningstar.com