The beginning of the year is a popular time for people to set new resolutions and goals. There's something about a fresh start that adds a bit of inspiration that many people find themselves needing.

One aspect of people's lives that often gets put under a microscope during this time is finances. Not only can it be a good time to review your budget or investment strategy, but it can also be a good time to revisit your retirement plan and goals, and to see if you're still on track.

One thing I always encourage people to consider during this time is maximizing contributions to an IRA if possible. If you weren't able to do so last year, don't fret -- there's still time to max out your 2023 contributions in 2024.

Continue reading

Source Fool.com