This year, Americans filing their tax returns got an extra day to get the paperwork done. The tax deadline this year is April 17th, thanks to the 15th falling on a Sunday and April 16th being a holiday in Washington DC.

That means you also have an extra couple of days to open up and fund your Roth IRA.

If you and your spouse or partner earned less than $160,000 this year you’re each eligible to open up a Roth IRA and put away as much as $4,000, or up to $5,000 if you’re at least 50 years old.

Opening up and funding your Roth IRA might be the smartest financial move you make all year. Funds in your Roth IRA grow tax free forever, and you can open up your Roth IRA at any financial institution, giving you a wide variety of stocks, bonds, and mutual funds to choose from.

An annual $4,000 contribution this year will grow to $434,741 in 30 years, assuming a 7 percent annualized return. Now that’s smart.

With practical, informative consumer advice, I’m Ilyce Glink, News-Talk 750 WSB