Discussing the world of Roth IRA contributions and the Saver’s Tax Credit. Learn how these financial tools can help grow your wealth a secure your future.
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FedLife Podcast (ep. #119): A Deep Dive into Roth IRA Contributions and the Saver’s Tax Credit
Ed and Dan shed light on the often overlooked Saver’s Tax Credit, a boon for low to moderate-income taxpayers. Tune in to learn how to leverage these tools to maximize your savings and navigate your way to financial freedom.
Featured in this episode:
- AGI Limits for Roth IRA contributions
- Information on the tax cred for savers
- Why younger workers should utilize the Roth IRA
- Excess contribution penalties
- Pre-tax dollars and non-deductible IRA contributions
- Recharacterizing IRA contributions – IRS-8606
- Information on the $2000 tax credit
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