We want to remind you that the IRA contribution deadline for 2022 is April 18, 2023. For those who are eligible, we suggest that you consider making retirement contributions annually to take full advantage of the potential tax and long-term savings benefits of retirement savings and tax deferred growth (or tax free growth with a ROTH IRA). Please contact our office if you would like to make Traditional or Roth IRA contribution for 2022 and have not done so already.

For 2022, your total contributions to all of your traditional and Roth IRAs cannot be more than:

For 2023, your total contributions to all of your traditional and Roth IRAs cannot be more than:

Contributions to a traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal. Withdrawals prior to age 59 ½ may result in a 10% IRS penalty tax in addition to current income tax.

A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply.

For all deposits to an LPL account, checks should be made payable to LPL Financial, with your account number referenced on the check. Also, be sure to indicate the contribution year to ensure your deposit is applied to either 2022 or 2023 as intended. Please let us know if you are sending in contributions so that we can confirm receipt and ensure the contributions are reflected for the appropriate tax year. We recommend that check deposits be sent via courier or another method that provides shipment tracking.

For overnight deposits, please use this address:

The deposit address for regular mail remains:

Thank you and please call with any questions!