Tax Deadline Approaching: Know Your IRA Contribution Options | American Funds

News

MARCH 1, 2016

Tax Deadline Approaching: Know Your IRA Contribution Options

This year’s tax filing deadline is April 18.* For the quickest and most convenient way to contribute to your IRA, use our secure website to link your bank account, contribute and receive an immediate confirmation.

*The deadline is April 19 if you live in Maine or Massachusetts.

To contribute online:

  1. Log in to your account.
  2. At the top of the page, click the Profiles & Settings tab.
  3. Under Settings, click Set Up for online investing, and then follow on-screen instructions.

Compare All IRA Contribution Options

Online

Phone

Mail

American

FundsLine®

Available

24/7

8 a.m.–8 p.m. ET, M–F

Anytime

24/7

Check necessary

No

No

Yes

No

Link bank account at time of contribution

Yes

No

Yes

No

Check accepted

No

No

Yes

No

How long does it take?

Immediate

Immediately if your bank account is already linked for the purchase of shares

Processed same day as received

N/A

Can you automate

Yes

Yes, if your bank account is already linked for the purchase of shares

Yes

No

Maximum per day

$100,000

$100,000

Unlimited

$100,000

Per investor per day


Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. 

Content contained herein is not intended to serve as impartial investment or fiduciary advice. The content has been developed by Capital Group, which receives fees for managing, distributing and/or servicing its investments.