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Barron’s: There’s Still Time to Get a Tax Boost by Contributing to an IRA

Articles & Interviews | Feb 3, 2019 | Matthew Olver

Roth IRA or Traditional. What’s the right choice? Partner Matthew Olver discusses the factors to consider and suggests an option that provides the most flexibility.

Barron’s, There’s Still Time to Get a Tax Boost by Contributing to an IRATax time is often a reminder that we could have done things a little differently the prior year. When it comes to retirement savings, the Internal Revenue Service gives you something of a do-over: You can make a contribution for the 2018 tax year until the date you file your taxes—April 15—and if you didn’t, you probably should.

If you want to make a contribution, you may face a major decision—whether to put your money in a traditional IRA or a Roth IRA. A traditional IRA gives you a tax deduction when you make your contribution, and then all your withdrawals are taxed as income.

Matthew Olver


Matt is a Partner in the Cleveland office and has over twenty years of experience working with families and business owners as a financial planner and investment advisor, helping clients grow, manage and preserve their wealth.

Prior to joining Cerity Partners, Matt worked at Spero-Smith Investment Advisers for nearly 20 years, most recently as Senior Vice President and Senior Wealth Advisor. He has extensive experience in collaborating with clients’ accountants and estate attorneys to develop comprehensive wealth management plans. In other roles at Spero-Smith, Matt has served as a portfolio manager and investment analyst.

Matt is a CFP® professional, Accredited Estate Planner® (AEP®) designee, and Certified Exit Planning Advisor (CEPA). He is a member of the Financial Planning Association (FPA), The Estate Planning Council of Cleveland and the Society for Financial Service Professionals. Matt received a Bachelor of Arts degree magna cum laude in Economics from John Carroll University in Cleveland where he remains active as a member of the Entrepreneurs Association.