Year End Tax Tips #1

Put some savings away for retirement

A great way to put money away for the future is with a deductible Individual Retirement Account (IRA).

A conventional IRA will defer taxes as your investments grow, while a Roth IRA is actually tax-free. You have until April 15 to open an IRA and make a deductible contribution for the previous year.

If your work offers a 401K with matching make sure you take full advantage of this. If your employer offers a matching, it is giving yourself a raise if you take full advantage of this. Plus with the first $15K or so before taxes you are helping yourself out even more.

Part of the End of Year Tax Saving Tips Tax Tip #2
Year End Tax Tips #2

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