Forgot to Make a 2024 IRA Contribution? You Still Have Time.

An individual retirement account (IRA) is one of the best places to put your retirement savings, because it offers tax-advantaged growth and a lot of control over your investments. You also get to choose when you want to pay taxes on your funds -- in retirement with a traditional IRA, or upfront with a Roth IRA.But as with all retirement accounts, the government imposes limits on when and how much you can contribute to your IRA. In the latter case, IRAs can be a bit restrictive, with yearly contribution limits of just $7,000 for adults under 50 and $8,000 for adults 50 and older in both 2024 and 2025. But IRAs are pretty flexible with the timing of your contributions. Here's how you can still make a 2024 IRA contribution.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool