IRA Changes: 2011 vs 2012

1/20/12 It’s tax time again, and that means you may be considering contributing to an individual retirement account. I have attached a document with useful information for IRA and other plan contribution limits for both 2011 and 2012.  I have included in the document the deadlines for opening an account, as well as making your contribution. To view or download this document click here.

It is important to know that fi-Plan Partners does not give tax advice. Please remember that not all contributions are tax deductible. You should consult a tax professional before making your final decision regarding contributions.

Regardless of the type of retirement plan you choose, contributing regularly is the key to building a strong retirement savings. Don’t put off saving for retirement because you are still in your 20’s or 30’s either, early contributions pay off!  If you have additional questions or would like to inquire about opening an IRA, please email me here or call me at (205) 989-3498. We look forward to helping you build your retirement assets.

Amy Marquis
Chief Operations Officer

Tags: finances, financial, Financial Insights, financial planning, IRA, taxes