Maximize Your IRA Contribution

If you invest through an IRA, make sure you get the maximum benefit. The deadline to maximize your IRA contribution for the 2011 tax year is April 17, 2012.  

 

The table below shows the maximum allowable contributions for the 2011 and 2012 tax years. You may invest a lump sum or set up an Automatic Investment Plan to contribute on a regular basis. 

 

 

2011

2012

 

Maximum Annual
Contribution

Maximum Annual
Contribution

Monthly
Contribution

Under 50

$5,000

$5,000

$416.67

Age 50 and over

$6,000

$6,000

$500.00

Contribute to your IRA today: 

 

Fill out an investment slip or use the slip attached to your last account statement, and mail it to us with your contribution. 

 

Make a transaction today through online account access

 

To open an IRA Account with Domini, visit our Open an Account section. 

 

Learn more: Visit Investing for Retirement to learn more about IRAs. 

 

The information set forth above is intended only as a brief, general overview of certain federal income tax provisions. It should not be considered tax, legal, or investment advice. Domini Social Investments LLC, DSIL Investment Services LLC, and their affiliates and agents are not tax advisors, and do not provide tax advice.
 
Each person’s financial situation is unique. All information and examples provided here are for general illustrative purposes only, and are addressed in general to a hypothetical reader, not to you specifically. Tax law is complex, subject to change at any time, and has many rules, details, and exceptions. State and local tax law varies from federal tax law. To learn about federal tax law and rules, details and exceptions concerning IRAs, you should read IRS Publication 590 “Individual Retirement Arrangements (IRAs)” available at www.irs.gov or by calling the IRS at 1-800-TAX-FORM (1-800-829-3676). If you have questions and for tax advice, you should consult a financial or tax advisor before acting
. 

 

 

Past performance is no guarantee of future results. Investment return, principal value, and yield will fluctuate so that an investor’s shares when redeemed may be worth more or less than their original cost. You may lose money.  DSIL Investment Services LLC, Distributor. 01/13.