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

  • 2023/02/15
  • 再生時間: 13 分
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What Should You Do If You Make Too Much To Contribute To a Roth IRA?

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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 Discussed:

    • Utilizing Time Efficiently
    • Capital Appreciation
    • Purchasing Power
    • Other issues (IRAs, Inflation, Financial Goals, etc.)

    Timestamps:

    2:30 - Introduction

    6:17 - Phaseouts

    8:13 - Roth IRAs

    11:05 - Aligning Your Financial Goals

    LET'S CONNECT!

    James

    YouTube LinkedIn Website

    Scott

    Facebook Twitter Website

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あらすじ・解説

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 Efficiently
  • Capital Appreciation
  • Purchasing Power
  • Other issues (IRAs, Inflation, Financial Goals, etc.)

Timestamps:

2:30 - Introduction

6:17 - Phaseouts

8:13 - Roth IRAs

11:05 - Aligning Your Financial Goals

LET'S CONNECT!

James

YouTube LinkedIn Website

Scott

Facebook Twitter Website

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