IRA plans are an excellent way for individuals to save money for retirement. They allow people to deposit a maximum of $5,500 per year ($6,500 for individuals over the age of 50) into an account that will continue to grow over the years until they decide to retire from the workforce and live off their savings. Even though this might not sound like a lot of money, by the time you get to retirement age, you could have a pretty nice nest egg waiting for you. That is, if you don’t miss the IRA contribution deadline. Now, it would be easy to assume that the deadline for IRA contributions for any given year would end on December 31, since that … [Read more...]