How We Are Handling COVID-19
To Our Valued Clients,
Our team’s health and overall well-being remain a priority, and Biondo Investment Advisors will continue to take every reasonable and necessary precaution, including maintaining a proper cleaning schedule, providing masks, gloves, hand sanitizer and disinfecting wipes available for use at both locations, encouraging frequent hand washing/sanitizing and the wiping of surfaces at the end of each day.
Our doors are open; we are currently conducting meetings both in-person as well as virtually, based on each individual’s own comfort level.
We would also like to take this opportunity to say Thank You for your patience and understanding in helping us navigate through this time of uncertainty as our team works together to maintain the high level of service, we pride ourselves on. On behalf of the entire Biondo Team, we hope that you and your loved ones continue to remain healthy and safe.
The Partners of Biondo Investment Advisors, LLC
Important Tax Filing and IRA Contribution dates
The 2022 federal income tax filing, payment and IRA contribution deadline is Tuesday, April 18, 2023.
2022 AND 2023 IRA CONTRIBUTION INFORMATION*
| 2022 | 2023 | Age 50+ | |
|---|---|---|---|
| Traditional or Roth IRA | $6,000 | $6,500 | Additional $1,000 |
| Simple IRA | $14,000 | $15,500 | Additional $3,500 |
| SEP IRA | Lesser of 25% of compensation or $61,000 | Lesser of 25% of compensation or $66,000 |
*Some restrictions and limitations may apply; we recommend you review your particular situation with your tax preparer.
As long as you are still working, there is no age limit to be able to contribute to a Traditional IRA. The Secure Act, signed into law on December 20, 2019, removed the age limit in which an individual can contribute to an IRA. The top age prior to the law was 70½.
If you have any questions, please feel free to reach out to us at team@thebiondogroup.com or call at (570) 296-5525.
