Now that Cyber Monday to over and all the bonus gift card offers from your favorite restaurant are gone there is a bonus when you contribute to your IRA.
There is a dollar for dollar savings on your taxable income. For every dollar you contribute to your IRA when you complete your Federal 1040 for the year 2019 you will reduce your taxable income.
Your bonus is the savings depending on your tax percentage. So, if you are in a 15% tax bracket your bonus is 15%.
Please call us to start a IRA account before it is to late and you miss the bonus.