The government’s decision to delay the deadline for filing 2019 tax returns allows some people to hold on to cash they may need. It could potentially help...
The government’s decision to delay the deadline for filing 2019 tax returns allows some people to hold on to cash they may need. It could potentially help Americans’ retirement savings too.
See: Entering retirement in the middle of a health and financial crisis? How to handle your money and your emotions Usually, taxpayers should focus on maxing out the prior year’s limits before beginning to contribute toward the current year. “As a general rule, always contribute for the ‘oldest’ year first — it will give you more flexibility,” said Karen Van Voorhis, director of financial planning at Daniel J. Galli & Associates.
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