There’s Still Time to Make an IRA Contribution for 2022

If you haven’t contributed funds to an Individual Retirement Account (IRA) for tax year 2022 or put in less than the maximum allowed, you still have time to do so. You can contribute to either a traditional or Roth IRA until the April 18, 2023, due date, not including extensions.

Understanding IRAs: Terms to Know

IRAs, or Individual Retirement Arrangements, provide tax incentives for you to make investments that can provide financial security for their retirement. To help you better understand this type of retirement savings account, here’s a basic overview of terms to know: