Smart Women Finish Rich, Expanded and Updated by David Bach

Author:David Bach
Language: eng
Format: epub
Publisher: The Crown Publishing Group
Published: 2018-09-17T16:00:00+00:00

MAXING OUT YOUR IRA

Though IRA contribution limits have not increased since 2013, the limits are set to increase with the inflation rate in $500 increments—which is why they have remained the same for the past five years, during which time inflation wasn’t high enough to trigger the next increment. However, maxing out your IRA contribution every year is an excellent way to sock away money for your retirement. And with “catch-up” provisions allowing women over 50 to contribute more, these accounts offer an exciting option for retirement savings.

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