Fund Your Golden Egg Before Its Too Late!

golden eggsAfter Easter, many of us should focus on our own Golden Egg as part of the IRS tax filing deadline. April 15th is the date for making tax-deductible contributions to your IRA account, along with other critical financial filings. This has become more important due to the 2013 tax rate increases.

For self-employed professionals and those in partnerships, it is not too late to fund a Simplified Employee Pension (SEP) Plan which allows the self-employed to take advantage of tax deductible contributions for 2014, ahead of your tax filing deadline. Extensions beyond April 15th are possible in some instances. The advantage of the SEP is that up to 25% of earned income can be contributed.

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