Want to Max Out Your IRA in 2020? Here's How Much to Save From Each Paycheck

An individual retirement account, or IRA, can be a fantastic retirement savings tool. However, there are contribution limits and deadlines, and too many Americans scramble to get their IRA contributions in at the last minute.

The problem is that it can be extremely burdensome to come up with thousands of dollars to contribute at once. So, here's a quick guide that can help you spread out your contributions throughout 2020 in the most efficient way possible -- by setting aside an equal amount from every paycheck.

Image source: Getty Images.

Continue reading


Source Fool.com