Get a loan so you can make the maximum Traditional IRA contribution.
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Borrow for IRA contribution
Traditional IRA Contribution Loan
Borrow money to make your maximum traditional IRA contribution so you can take advantage of tax breaks on this years return.
  • Contribute up to $6,00 ($7,000 if age 50+) to a Traditional IRA in 2020.
  • Traditional IRA contributions are tax deductible at both the federal and state level.
  • By lowering your adjusted gross income, other tax breaks may become available.
In addition to deducting the full amount you contribute to a traditional IRA, you may also qualify for a tax credit for up to 50% of the value of your contribution. This credit is called the Retirement Savings Contribution Credit.

Compare the cost of interest from the loan you take out to the amount you save on taxes and your return on invest in your IRA to determine whether or not taking out a loan to make an early contribution makes sense. Click apply to fill out a short application and check your loan interest rate.

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