DON'T LET TAX WINDOW SHUT OUT 2009 RETIREMENT SAVINGS
It's no secret that one of the fundamental keys to a successful retirement
is the construction of a sound financial foundation to support it. You can help
yourself achieve that by ensuring you contribute up to your retirement plan's limit
every year.
You have until April 15, 2010 to contribute up to $5,000 (or $6,000 for
anyone 50 or older) to your traditional or Roth IRA. Even if you contribute to an
employer-sponsored qualified pension plan or participate in a 401(k) or 403(b),
you may contribute to an IRA, as long as you qualify under the income limits.
If you're already at the limit with your 2009 IRA, consider contributing early for 2010.
The earlier you contribute, the greater the potential earning power of your funds
because of the compounding effect of any income reinvested during the year. The 2009
limits didn't change for 2010.
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