Four And a Half Months To Fund Your 2008 IRAs
The end of December is rapidly approaching, especially with Christmas coming up this weekend. Luckily though you have until April 15th of 2009 to contribute to an IRA or Roth IRA. Also remember that the limit has been increased to $5000, so if you can swing it that’s more money that you can save and grow tax free.
They say you’re only young once. Most often that is said as a reason to spend money, but keep in mind that the sooner you start investing the longer the magic of compounding can work. You’re only young once.
If you want to read more about compound interest, check out my post on understanding compound interest.
