2023 EP0218 | REYNOLDS RAP | ROTH CONTRIBUTIONS & CONVERSIONS

Don and Cory explain that individuals have until April 18th to make contributions to their Roth or Traditional IRA for the previous year. They also explain that married couples can contribute up to fourteen thousand dollars for the previous year and fifteen thousand dollars for the current year, and that a conversion is when existing IRA money is reclassified as a Roth IRA, while a contribution is new money going in. Strategic Asset Preservation always recognizes that effective tax planning is important to help control tax liability in retirement. For more information Call Strategic Asset Preservation, Inc at (651) 773-3859 and visit the website at 800preserve.com