How You Can Max Out Your 2021 IRA Even in 2022

An IRA offers the chance to claim tax benefits for retirement savings, even if you don't have a workplace 401(k) or you'd prefer not to use your employer-sponsored retirement account.

You can contribute up to $6,000 to a traditional or Roth IRA in 2021. And, if your'e 50 or over, can make an extra $1,000 catch-up contribution for a total of $7,000 invested.

If you haven't yet maxed out your 2021 IRA, you may feel as though you're just about out of time to put money into your retirement account for the current tax year. But the good news is, that's not the case. You can actually continue working on your 2021 IRA contributions into 2022. Here's why.

Source Fool.com