Now is the time to make final contributions to your IRA for 2020. Any contributions made before April 15, 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).
Contact the 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.