Consider These Year-end Financial Moves
December 2, 2020
By Michael Vondra
We’re nearing the end of 2020 – and for many of us, it will be a relief to turn the calendar page on this challenging year. However, we’ve still got a few weeks left, which means you have time to make some year-end financial moves that may work in your favor.
Here are a few suggestions:
• Add to your IRA. For the 2020 tax year, you can put in up to $6,000 to your
traditional or Roth IRA, or $7,000 if you’re 50 or older. If you haven’t reached this limit, consider adding some money. You actually have until April 15, 2021, to contribute to your IRA for 2020, but...