PodParley PodParley
PodParley
What Should You Do If You Make Too Much To Contribute To a Roth IRA?

EPISODE · Feb 15, 2023 · 12 MIN

What Should You Do If You Make Too Much To Contribute To a Roth IRA?

from Real Personal Finance · host Scott Frank and James Conole

Scott and James discuss what to do if you make too much to contribute to a Roth IRA.Listener Question:I am currently 33 years old, single, and am nearing a $129,000 annual salary. I have been investing in a Roth IRA and realize the phaseout limits for single taxpayers are from $129k - $144k. My question is, how do I lower my income, besides contributing to my traditional 401k, so I can keep contributing the max $6000/year into my Roth IRA as my income rises over the years?Planning Points Discussed:Utilizing Time EfficientlyCapital AppreciationPurchasing PowerOther issues (IRAs, Inflation, Financial Goals, etc.)Timestamps:2:30 - Introduction6:17 - Phaseouts8:13 - Roth IRAs11:05 - Aligning Your Financial GoalsLET'S CONNECT!JamesYouTube LinkedIn WebsiteScottFacebook Twitter Website

NOW PLAYING

What Should You Do If You Make Too Much To Contribute To a Roth IRA?

0:00 12:57

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Share this episode

Similar Episodes

Veteran Salesman: Tap Into Raw Emotion To seal The Deal | E46

Apr 22, 2025 ·32m

Introducing the Wealth Education Podcast

Feb 27, 2025 ·0m

Inclusive Entrepreneurship Advocate: Unlocking Wealth for Underserved Entrepreneurs| E45

Dec 6, 2024 ·34m

Mastering Money Management: Become Rich for The Price of Financial Literacy| E43

Sep 27, 2024 ·29m

Onstage Presence Expert: Overcome Stage Fright with Internal Drive | E44

Sep 20, 2024 ·57m

Mastering Money Management: Intro to Financial Literacy | E42

Aug 7, 2024 ·16m

Similar Podcasts

MG Show MG Show The MG Show, hosted by Jeffrey Pedersen and Shannon Townsend, is a leading alternative media platform dedicated to uncovering the truth behind today’s most pressing political issues. Launched in 2019, the show has grown exponentially, offering unfiltered insights, comprehensive research, and real-time analysis. With a commitment to independent journalism and factual integrity, the MG Show empowers its audience with knowledge and encourages active participation in the political discourse. French Your Way Jessica: Native French teacher founder of French Your Way Boost your French listening skills and test your comprehension with this one of a kind series of podcasts. Get the chance to listen to a real conversation between native speakers talking at normal speed AND customise your learning experience through carefully designed sets of questions (2 levels of difficulty) available for download at www.frenchvoicespodcast.com. All interviews also come with the transcript. French teacher Jessica interviews native speakers of French from around the world who share a bit of their life and passion. Where else would you meet in one same place a French yoga teacher based in Melbourne, a soap manufacturer from Provence, or a couple cycling around the world? Popup Chinese Popup Chinese Fresh from Beijing, PopupChinese teaches Chinese as it is actually spoken. Start with our basic Chinese lessons, and in no time you'll be speaking like a Beijinger. Our free daily podcasts, vibrant community, and love for the real China make us the most powerful and personal way to learn mandarin. Rise Up Mentor Derek Kempker Welcome to Rise Up Mentor (formerly, Summits of Life), a platform that advocates for lifelong learning and constant improvement in every aspect of life. As someone who’s experienced both the valleys and peaks of life, I understand that while we cannot control all the obstacles that come our way, we do have the power to choose whether we get back up or not. And each time we choose to rise again, we become stronger.But why settle for just getting back up? By consistently striving to become better and wiser, we can reduce our chances of being knocked down in the first place. That’s why I started Rise Up Mentor – to encourage and motivate you to continuously improve in all areas of life, including vocation, marriage, friendship, personal development, health, parenting, lifestyle, spirituality, intellect, and finance.Although I am a Certified Master Life Coach, I don’t consider myself an expert or master, because I don’t feel there is such a thing as mastering life, but it is possible to
URL copied to clipboard!