(gentle upbeat music)
- Hi, I'm Keni with TIAA.
Like yourself, I'm working from home,
and my kids are going
through distance learning.
We are trying to navigate
this whole new environment.
Customers have been asking,
I haven't contributed into my IRA,
and I have until July 15 to
make my 2019 contribution.
Should I still do it?
If you're able to contribute
into an IRA at this time,
it's generally a great idea to contribute.
If the market dips a little bit further,
you can consider putting
additional funds away,
especially if you can afford to do so.
So if you or your family
member are concerned
that you'll be losing your job
or incurring high medical costs,
may wanna wait until you
get closer to July 15,
or you may actually think
about putting more money away
into emergency cash.
This contribution applies to 2019,
so if you've already filed
your tax return for 2019,
you can amend it.
Contribution limit hasn't changed.
It's still $6,000, and for
people who are 50 and over,
you can put in an additional $1,000.
Stay safe, stay healthy,
and we'll get through this together.
(upbeat music)
