I need to contribute $6500 to an IRA. I am trying to reduce my tax bill. Can you tell me which IRA's to consider?
I am 59 years old w/ a small business (S-Corp; I file IRS form #1120S) and I own rental property also. In 2014 I inherited taxable income from my father's estate. I am trying to reduce my tax bill.
I currently have two Fidelity IRA's: Magellan & Growth & Income.
Answers | 4
If you like to put away money in an individual account, then it would be a regular IRA.