# Retirement Moves to Make Before Tax Day ## Метаданные - **Канал:** PensionBee US - **YouTube:** https://www.youtube.com/watch?v=FSfogx_PBvs - **Дата:** 04.03.2026 - **Длительность:** 7:05 - **Просмотры:** 48,727 - **Источник:** https://ekstraktznaniy.ru/video/45879 ## Описание Retirement planning doesn't end on December 31st. In fact, some of the most powerful tax-saving moves happen between January and the April filing deadline. In this episode of Retirement 101, Andy Hill breaks down the critical "prior-year" contributions you can still make for 2025 while living in 2026. From the $7,000 IRA limit to HSA contributions and the specific rules for the self-employed, we cover the checklist you need to lower your tax bill before the clock runs out on April 15. PensionBee can help you consolidate all your old 401(k)s - and IRAs - into one online PensionBee IRA. Now offering a 1% match on every rollover and contribution into diversified portfolios with ETFs like SPY and MDY from State Street Investment Management, one of the world’s largest asset managers. (Terms and conditions apply) Learn More About PensionBee: pensionbee.com/us Video Chapters 0:00 Introduction 0:33 Why Tax Day is your second chance to save 0:40 The April 15 deadline for 2025 IRA contribut ## Транскрипт ### Introduction [] Tax season freaks everyone out, but what if there are ways to get ahead of that money stress? Let's see how many people know about these tax-saving money moves. Does tax season give you anxiety when that comes around? — Yeah. Okay. Yeah, that's a hard yes. — Does tax season give you anxiety? — It does. Do you know the date for our tax day that we do every year? Oh goodness. I always forget the month. I always know it's the 15th or 16th. — April 15th. — You got it. — No, it's not. April, mid April. — April 15th. — It is April 15th. ### Why Tax Day is your second chance to save [0:33] Every year, millions of Americans overpay on their taxes simply because they didn't realize they had more time to act. Only 50% of eligible taxpayers ### The April 15 deadline for 2025 IRA contributions [0:40] max out their IRA contributions. And even fewer use the extended deadline to contribute more for the prior year. That means real money left on the table both in tax savings today and compound growth for decades. Welcome to Retirement 101. I'm Andy Hill and my goal is to help you feel confident about your retirement savings. Let's look at the smart moves you can still make before tax day to lower your bill and boost your retirement. Your retirement contributions don't just build your future, they can shrink your tax bill right now. Every dollar you put into a traditional IRA or SE IRA before the deadline can reduce the income the IRS taxes this year. It's one of the few last minute ways to save money after the ### 2025 IRA limits: 7000 dollars plus catch up [1:30] calendar flips. Tax move number one, max out your IRA contribution for last year. This is the big one. You have until tax day to contribute to a traditional or Roth IRA for the previous tax year. For 2026, the contribution limit is $7,500 if you're under 50 or $8,600 if you're 50 or older. If you choose a Roth IRA, you won't get a deduction now, but your money grows tax-free in retirement. If you choose a traditional ### HSA prior year contributions for 2025 [2:00] IRA, you can lower your taxable income for the year. You can even split your contribution between a Roth and a traditional IRA. Just make sure your total stays within the annual limit. That way, you get both a tax break today and tax-free income later. One important note, when you make your contribution, be sure to specify to your provider which tax year it's for. Don't assume. Tax move number two, set up a SE IRA if ### SEP IRA and Solo 401k employer contribution deadlines [2:30] you're self-employed. If you're self-employed, a freelancer, consultant, or you have a side hustle, this one's for you. A SE IRA lets you contribute up to 25% of your net self-employment income up to $72,000 for 2026. You have until you file your taxes, including any extensions granted, to open and fund it for last year. That can be a deduction and a retirement boost, all before tax day. Tax move number three, consolidate ### Consolidate your old 401(k)s [2:58] old 401ks and make your money work harder. While you're reviewing your taxes, it can be the perfect time to organize your retirement accounts. Scattered 401ks can make it harder to see your real savings picture, and you could be paying unnecessary fees. Rolling over old 401ks into one IRA doesn't just help your life, it also helps ensure your full balance keeps compounding for the future. When everything's in one place, you may be less likely to overlook contributions or miss the chance to save on taxes before next year's deadline. And one quick bonus move, if your employer offers a 401k or an HSA, contributions to those accounts can also reduce your taxable income. It's worth checking your year-to-ate contributions before you file so you can adjust early for next year's tax savings. All right, now let's get into some of the questions we've been asked on this topic. Question number one, can I still open a traditional or Roth IRA for last ### Tax deductions for Traditional vs Roth contributions [4:00] year if I don't already have one? Yes, as long as you open and fund it before tax day. Question two, do I have to choose between a 401k and an IRA? No, you can contribute to both as long as you stay within each plan's limits. Now that we have our heads on straight, let's clear up a few common myths about taxes and retirement contributions. Myth number one, you can't contribute to an ### How to designate a contribution for the previous year [4:28] IRA after December 31st. False. You typically have until tax day, usually April 15th, to make prior year contributions. Myth number two, Roth IRA ### Roth IRA Tax Reduction [4:40] contributions lower your taxes today. Nope. Roth IRA contributions don't lower this year's bill, but they do let your money grow and be withdrawn tax-free later. This makes them especially valuable for long-term planning, as all future earnings and qualified withdrawals are not subject to federal ### Tax Benefits for Self-Employed [5:00] income tax. Myth number three, self-employed people miss out on retirement tax breaks. No way. Self-employed folks may have the biggest opportunity. SE IAS can mean deductions and long-term savings. Okay, if you ### Final takeaways for tax season 2026 [5:18] can't remember everything, just remember these three retirement savings moves to make before tax day. Number one, you still have time to save and reduce your taxes. You can contribute to a traditional or Roth IRA for the previous year right up until tax day and potentially lower your taxable income. Number two, self-employed savers can make an impact with a SE IRA. Opening and funding one before you file your taxes can mean a tax deduction now and a boost to retirement later. Number three, organization pays off. Consolidating old 401ks into a single IRA helps make it easier to plan ahead and maximize tax advantaged savings. Pension B helps make it easy to roll over and save. Tax season doesn't have to be stressful. It can be strategic. Take a moment before tax day to check your contributions and see how much more you can save. Pension B makes it easy to roll over all those old 401ks into a single pension B IRA. The award-winning app helps you track your balance, protect your future, and get insight into tax smart moves with tools and educational content. 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