Can I Directly Contribute to a Roth IRA?
The Roth IRA is arguably the best legal tax shelter available to taxpayers, however not everyone can directly contribute to a Roth IRA. We’ll explain.
2024 IRA Contribution Limits Announced
The IRS has released its 2024 IRA Contribution Limits, which sees an increase to how much one can save in an individual retirement account.
IRS Announces 2024 Solo 401(k) Contribution Limits
The IRS has released its 2024 Solo 401(k) contribution limit changes. IRA Financial is here with a breakdown of the changes we will see.
Solo 401(k) Pretax Catch-Up Contributions Still Available Through 2026
The IRS has pushed back a major SECURE Act 2.0 provision that would require high earners to make catch-up contributions in Roth until 2026.
Maximizing Roth Contributions if You Are Self-Employed
One benefit of being self-employed is maximizing Roth contributions via a Solo 401(k) or SEP IRA so you can enjoy a tax-free retirement.
2022 Self-Directed IRA Contribution Deadline
The deadline to make a Self-Directed IRA contribution for 2022 is April 18, 2023. You can make a contribution in pretax or as a Roth.
How to Make Roth IRA Contributions No Matter Your Income
It doesn’t matter how much you make, there is always a way to make Roth IRA contributions – just beware of any tax implications
Using a Gift to Fund an IRA
You can use a gift to a family member to help fund an IRA, and so long as the gift is under the limit, it will not be taxable.
One Way to Maximize Solo 401(k) Contributions in 2023
It’s important to maximize Solo 401(k) contributions in order to take advantage of the tax benefits, and the power of compounding.
Can I Make 2022 Solo 401(k) Contributions in 2023?
You can still make 2022 Solo 401(k) contributions during 2023, even if you did not establish the plan last year. Learn how much you can save!
