3 Year-End IRA Moves You Must Make

IRAs are an important tool for retirement savings, and as the end of the year approaches, it's time to pay yours some attention. Here are a few key IRA moves to make in the next few weeks.

The more money you put into your IRA, the more you stand to retire with. It's that simple. And if you're saving in a traditional IRA, as opposed to a Roth, ramping up your contributions means saving more money on taxes at present.

For 2019, you can contribute up to $6,000 to an IRA if you're under 50, or up to $7,000 if you're 50 or older. Incidentally, these limits are holding steady going into 2020, so you can aim for the same total two years in a row.

Source Fool.com