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HOW MUCH CAN YOU CONTRIBUTE TO AN IRA FOR 2019?

By Thomas Blanton – Kiplinger’s Personal Finance.

IRA contribution limits are going up in 2019, but how can you tell if a Roth IRA or a Traditional IRA is right for you? This article helps explain the key differences between Roth and Traditional accounts. Traditional IRAs are best for people “who need an immediate tax deduction or want to defer income in the hopes that their bracket will be lower in the future,” according to Mari Adam, a certified financial planner in Boca Raton, Fla. The latter category includes people expecting to retire shortly and those who believe their income will go down in future years, she says. (Read the full article here)

11 Jun, 19