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Get more bang for IRA bucks

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in Small Business Tax

Many people contribute to their IRAs at the taxreturn deadline. But why wait? You can earn a lot more tax-deferred income by making contributions sooner. Example: Say you contribute $4,000 to your IRA one year earlier than usual. Assuming you earn 8 percent each year, after 25 years you will have accumulated $315,818 instead of $288,424.

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