One of the complications with the tax code is not knowing when the tax year ends. This is certainly true with an IRA contribution. Though 2011 ended months ago, the tax year for some IRAs is just now coming to an end.
The good news out of all this is the IRS gives us some wiggle room to max out our IRAs every year. While you scramble to meet the tax deadline, know that the IRA deadline is right around the corner too.
IRA Contribution Deadline
This year the 2011 tax deadline falls on April 17, 2012 which also happens to be the IRA contribution deadline. In fact, the contribution deadline always falls on the same day taxes come due. At least that is how it works for traditional and Roth IRAs.
While you are finishing (or starting) your taxes this year, it’s a good idea to look into adding more money to that IRA of yours, if it isn’t maxed out already. The 2011 IRA contribution limit was $5,000 ($6,000 for those over 50 or older). Continue Reading…
The continued growth of ETFs isn’t going to stop anytime soon. If your 401k doesn’t offer them as an investment option, just wait. It will soon. As the low-cost equivalent to most mutual funds, ETFs are becoming the go to investment of choice for anyone not willing or interested in stock picking and owning individual bonds. But is it a good thing.
The push to a cashless society has been slowly ongoing since the first credit card was introduced decades ago. It wasn’t until recently that technology has caught up with the possibility. Whether the move towards reality continues will be more about acceptance and security than anything else. With computers becoming smaller, faster and the world continuing on its wireless path, it’s almost inevitable.