Don’t roll over assets into an IRA and then let the ‘cash creep’ up in your account by not investing it, said John Sweeney, EVP for Retirement & Investing Strategies at Fidelity Investments. Sweeney added that money sitting in cash does not help an investor reach his or her retirement goals, so now is a good time to check your asset allocation to make sure it’s invested properly. He said Roth IRAs are also a really useful tool for estate planning because they leave assets to heirs with no tax responsibilities and the ability to keep contributing after the age of 70 and a half. According to Fidelity, over 80% of contributions from IRA owners under age 30 now go into ROTH IRAs. Finally, Sweeney said mobile check scan is the fastest and most convenient way to make a contribution.

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