Now is the time to make IRA contributions for 2020. This includes Roth, SEP, and Traditional IRA's. Any contributions made before May 17th, 2021, may mean an additional deduction or credit on your 2020 tax liability if you have not yet met the maximum contribution level (typically $6,000 for those under 50, or $7,000 for those older than 50).
For those with bank information on file, we can process your contributions online or over the phone - if not, contact us for instructions to mail in a check.
Contact our office if you’d like more information about reducing your 2020 tax liability. If you would like to open an IRA or make changes to your retirement plan, let’s talk.
For a comprehensive review of your personal situation, always consult with a tax or legal advisor. Neither Cetera Advisors LLC nor any of its representatives may give legal or tax advice.
UPDATE: Make Your 2020 IRA Contributions by May 17th
March 25, 2021