Frequently asked questions – answered! Many of you have been asking about Roth IRAs, so Nic dives in to give you all some clarity. He explains what a contribution is, its limits, and more. Roth conversions, tax implications, and everything else you need to know!

 

Resources:

https://taxfoundation.org/2022-tax-brackets/

https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that-you-can-make-for-2022

https://www.irs.gov/retirement-plans/plan-participant-employee/2022-ira-contribution-and-deduction-limits-effect-of-modified-agi-on-deductible-contributions-if-you-are-covered-by-a-retirement-plan-at-work

https://www.irs.gov/retirement-plans/plan-participant-employee/2022-ira-contribution-and-deduction-limits-effect-of-modified-agi-on-deductible-contributions-if-you-are-not-covered-by-a-retirement-plan-at-work

 

Nic Daniels BFA™, Financial Advisor

https://www.therealmoneypros.com

https://www.treecityadvisors.com