How Much Roth IRA Should I Contribute?
10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNThe short easy answer is the maximum. For hard working Americans up to age 50 you can contribute up to $5,500 if you make up to $114,000 annually and single. If you are age 51 and up you can contribute up to $6,500 annually as the rule allows for a "catch up" for older workers. I would advise finding a trusted advisor to help with all of the details.Answered on June 12, 2014flag this answer
1866 POINTSview profilePaul RothSenior Commercial and Annuity Specialist, Freedom Brokers, Marion, Carbondale, Harrisburg ILYou want to pay taxes during retirement? If not, you have two choices, a Roth IRA or an IUL, or Indexed Universal LIfe. An advantage of the IUL is that there are no minimum required distributions at age 70, and you can borrow from your IUL tax free. A skilled insurance agent can provide an illustration for you. Check out the book "Tax-Free Retirement" Paperback – 2007 by Patrick KellyAnswered on May 25, 2016flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
