How to Spring Clean Your Finances

Credit: The Street
Published on March 20, 2019 - Duration: 00:58s

How to Spring Clean Your Finances

Spring has finally sprung so you might be thinking of not only tidying up your closet but also your finances.

Here are four financial tips you should follow this season: 1.

Make a last minute IRA contribution If it's not too late, an individual retirement account contribution can decrease your tax bill or even boost your refund.


Consider using your refund for your IRA.


Maximize your 401(k) match.

Many employees don't take full advantage of their employer's matching contributions.

That said, make sure that you set your contribution percentage at least as high as the maximum matching percentage offered by your employer.


Check your W-4 It's important to make sure you set the correct withholding amount for your W-4, or you could end up owing money next year.Each of these tips can be used to help you better plan for your retirement, but there are plenty of other tips and tricks you can use to help you clean up your finances.



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