Laura Mattia Quoted On CNBC About Last Minute IRA Contributions For 2023 Taxes

Dr. Laura Mattia PH.D., MBA, CFP® contributed to Kate Dore’s (CFP) article on IRA Tax Contributions and the last minute 2023 tax deadline.

Consider your investing goals first

While scoring a last minute deduction with a pretax contribution may be tempting, you need to consider your goals and timeline before proceeding, experts say.

The contribution could offer a benefit this year, only to create a future “tax problem,” said CFP Laura Mattia, CEO of Atlas Fiduciary Financial in Sarasota, Florida.

Plus, you need to weigh your immediate priorities, including major expenses, because “you don’t want to use a retirement vehicle for shorter-term savings,” she said.

Laura Mattia, CFP

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There’s still time to make a last minute 2023 IRA contribution and possibly claim a tax break. Here’s who qualifies