As soon as possible, contribute to your retirement funds. For 2019, you’re allowed to put away as much as $6,000 in a traditional IRA or Roth IRA. That number goes up to $7,000 for those 50 and older.

The same rule applies to contributions to 401(k) plans and 403(b) plans through your employer.

If you didn’t hit that mark last year, no worries; the deadline to do so is Tax Day, April 15, 2020.

Don’t have an IRA? You can actually set one up and invest up to the max before the deadline and still have it count toward 2019. You also have the option to put the investments toward 2020 if you so choose, but that won’t count toward your 2019 tax break.

Another way to save is to stash money in your Health Savings Account. For 2019, you can store up to $3,500 in your HSA if you have single coverage or $7,000 if you have a family plan. Throw in an extra $1,000 if you’re 55 and up.

Similar rules apply for the self-employed. Those with SEPs and Keoghs can invest up to $56,000 for 2019. You also have the opportunity to push that deadline to October 15, 2020, by getting an extension on your taxes.

There are plenty of other ways to save on your taxes, including home office tax deductions. Learn about them from Turbo Tax.

If you’re interested in saving for retirement, visit to contact the RiverWind location nearest you!