Quick: which type of device is currently dominating Amazonâs Best Sellers list, holding the top two overall spots (as of this writing)? Answer: E. And itâs not close. Between the Amazon Fire TV, Google Chromecast, Roku 3, and Apple TV, streaming media players are lighting up online retail.
Moreover, you can invest up to the maximum in each account. In 2016, the limits are $18,000 in each type of account, plus catch-up contributions - so you could make a total retirement contribution of as much as $36,000 (or $48,000 if you are 50 or older).
Emily Brandon, writing for US News, explains: Workers can contribute up to $5,000 to an IRA in 2012, or $6,000 if they are age 50 or older. The tax savings from making an IRA contribution in April can be enormous.If an employee who is in the 25 percent tax bracket contributes $5,000 to a traditional IRA, he will save $1,250 on his current tax bill.mily Brandon, writing for US News, explains: Workers can contribute up to $5,000 to an IRA in 2012, or $6,000 if they are age 50 or older. The tax savings from making an IRA contribution in April can be enormous.