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Can I Contribute To My Roth IRA?

Category:
Working / Accumulation Phase, Assets and Investment Planning
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A Roth IRA is a great option for clients looking to save after-tax dollars, offering the opportunity for tax-free growth and relaxed distribution rules. Unfortunately, eligibility to contribute to a Roth IRA is subject to restrictions, which can cause confusion.

To help make the analysis easier, we have created the “Can I Contribute To My Roth IRA?” flowchart. It addresses the key eligibility considerations, including:

  • Earned income
  • Other (traditional) IRA contributions
  • Filing status-based MAGI thresholds

 

Updated 12/1/2022


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