Feeling the urge to purge? Summer’s coming, so it’s likely you’re wrapping up your spring cleaning before your summer fun begins. April 17, 2018 was the deadline for individuals and C-corporations to file their federal income tax returns for 2017 (or to file for an extension). Before you throw out your old financial records, however, […]
According to the U.S. Department of the Treasury, the My Retirement Account (myRA) program will end. Created just a few years ago in 2014, the Treasury has decided this short-lived Roth IRA backed by the government is not cost-effective, and will be eliminated as a part of the Trump Administration’s effort to slim down wasteful […]
If you weren’t already aware, in general, contributions made to a Traditional IRA (individual retirement account) are tax-deductible if you or your spouse are not covered by a retirement plan at work. For 2016 and 2017, the annual contribution limit for a traditional IRA is $5,500, or $6,500 if you’re age 50 or older. Contribution […]