How High Earners Can Sneak Money Into a Roth IRA (Legally, Of Course)
If you’ve ever felt left out of the Roth IRA party because you make “too much money,” I have good news. It’s called a Backdoor Roth IRA, and it’s one of the ways for high-income earners to build tax-free retirement income. And before you ask—yes, it’s legal, and no, you won’t get a knock on […]
What will my $7,000 Roth IRA Contribution be Worth in the Future?
In 2024, the Roth IRA contribution limit is $7,000. For those over the age of 50, there is an additional $1,000 catch-up contribution allowed bringing the total to $8,000. The incredible tax benefit of a Roth IRA is that in exchange for foregoing a tax deduction on your contribution the account becomes tax free as […]
