Taxpayers can make IRA contributions for 2012 until they file their taxes. Those who meet income requirements can get a tax credit.
You know you should be setting aside money for your later years. Here are ways to make the task less daunting.
Taxpayers taking mandatory distributions from IRAs can roll over that money to charity without paying any taxes. There is still time to take a 2012 rollover this month.
Three years of $1,000 contributions could grow to $89,000 or more by retirement. Plus, starting an IRA will teach your child valuable lessons.
Waiting to take your required minimum distribution may come at a hefty price.
The rules governing inherited IRAs are likely more complicated than you thought.
Making modest contributions during a child's teenage years can add up to a good amount by retirement. It's also tax-smart.
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