2017 IRA Contribution Deadline Approaching - April 17

As the 2017 tax season comes to a close, we are reaching out to remind you that we are nearing the IRA contribution deadline. Tuesday, April 17th is the final date that 2017 IRA contributions will be accepted for both Roth and traditional IRAs. One of the best steps you can take for your future is maxing out your yearly contributions – we cannot stress how important it is to not miss out on this opportunity. By maxing out your contributions, you are capitalizing on several of the best features of these accounts.

• Because 401(k), 403(b), and Traditional IRA accounts are tax-deferred, contributions to such accounts may be tax deductible.

• While Roth IRA accounts are not tax-deductible, they are tax free. By maxing out your yearly contributions now, you are allowing your money to grow tax free in the long term.

• By contributing as much as you can, you will reap the benefits of both interest and appreciation. For our clients who are young, you have time on your side. Retirement or other long-term goals such as buying a home may seem like light years away, but they will come; therefore, maximizing your contributions today is crucial. Let time work in your favor.

The team over at Gerber Kawasaki wants to help you make the most of your investments. We are always here for a chat, to answer a question, or to get you started on achieving your next financial goal. Give us a call at 310-441-9393, and let us know what we can do to help.