Chatham Square Association

Fair Haven is a Diverse Community with a Rich History and a Beautiful Waterfront

Still time to make your 2010 IRA contribution

Make sure you have funded your 2010 IRA contribution!  If you are under 50 you can contribute up to $5,000 in either a Roth or Traditional IRA.  If you turned 50 by December 31, 2010 you can contribute up to $6,000.

If you're looking for some great interest rates, check out Start Community Bank's 13 month CD at a 1.67% APY* 

You can make your contribution up until this year's tax filing deadline -- Monday, April 18, 2011 -  we get an extra 'cushion' because April 15th is a holiday in DC called Emancipation Day, which honors the date in 1862 when President Abraham Lincoln signed a bill ending slavery in the District of Columbia. 

To read more about IRAs, visit the IRS website http://www.irs.gov/retirement/participant/article/0,,id=188232,00.html

 

 

*annual percentage yield

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