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