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To add to this for next year, you can also purchase $5k more with a tax refund, for a total of $15k per year. A basic strategy is to plan ahead and over pay wit
by rcstank 4y ago
To add to this for next year, you can also purchase $5k more with a tax refund, for a total of $15k per year. A basic strategy is to plan ahead and over pay with your final paycheck of the tax year by updating your W-4 to withhold more to enable a tax refund if you weren't already expecting one.
- frumper 4y agoTo add for those that are married and/or have kids then everyone in the family can buy 10k, a trust can buy another 10k, and if you have a small business that can buy 10k.