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Investing Specialists

How to Get the Most Out of Your IRA Contributions

Tips for selecting the right account type, using new contributions to adjust your portfolio's allocations.

Editor's note: A version of this article was initially published on Feb. 26, 2018. It is part of the 2020 Tax and IRA Guide.

In an ideal world you wouldn't wait until the last minute--your tax-filing deadline, which is April 15th in 2020 --to contribute to these accounts for the year prior. Those 11th-hour contributions can cost you some compounding.

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