CFO Corner Week 12: Don't Miss This April 15th Deadline (It's Not What You Think)
Updated: Apr 3
In this episode: April 15th isn't just the tax deadline - it's also the last day to make a 2025 IRA contribution. Maddie breaks down what you need to know about your IRA and 401(k), walks through the real math on what contributing more actually costs you after taxes, and gives you a clear action plan before the window closes.
Key takeaways:
IRA deadline is April 15th. You can contribute up to $7,000 for 2025 ($8,000 if you're 50+) - but only until April 15th, 2026. That window closes permanently.
Traditional vs. Roth: Traditional contributions may be tax-deductible now; Roth withdrawals are tax-free in retirement. The right choice depends on your tax situation.
401(k) for 2026: The 2025 window closed December 31st, but the 2026 limit is $23,500 ($31,000 if 50+). Make sure you're at least capturing your full employer match - that's free money.
The $100 math: At a 22% tax rate, increasing your contribution by $100/month only reduces your take-home by $78. Over 30 years at 7% return, that $100/month grows to ~$122,000.
Your action steps this week:
Check your 2025 IRA balance and top it up before April 15th if you have room
Review your 401(k) contribution rate - are you getting the full employer match?
Run the pre-tax math on a $50–$100/month increase for your own situation
Make the IRA contribution if you have savings available
Mentioned in this episode: 📋Budget Blueprint Workshop - 60-min on-demand workshop with Excel + Google Sheets templates to help you find room in your budget to invest more.
