Eager savers may consider maxing out 2022 individual retirement account contributions early rather than waiting until the tax-filing deadline in 2023.
But there are mixed expert opinions about lump-sum investing versus spreading out deposits at set intervals, known as dollar-cost averaging.
If you’re eager to save more, you may consider maxing out 2022 individual retirement account contributions early rather than waiting until the tax-filing deadline in 2023.
But there are mixed opinions about lump-sum investing versus spreading out deposits at set intervals, known as dollar-cost averaging.
The IRA contribution limits for 2022 are the lesser of $6,000 or your taxable compensation for the year, with an extra $1,000 for investors age 50 and older.
