Managing Your Financial Future with Lucia Capital Group
Managing Your Financial Future with Johnny Dean and "Professor" Rick Plum, CFP® Brought to you by the advisors and investment professionals at Lucia Capital Group, a registered investment advisor. Integrating financial planning and investing decisions, designed to help you reach your own financial goals. Want the best tips on which hot stocks you should buy this week? Go somewhere else - we don't do that. It's all about planning, strategy, managing your future and taking control of your financial life. Securities offered through LPL Financial, member FINRA/SIPC.
Managing Your Financial Future with Lucia Capital Group
How High-Income Earners Can Have a Roth IRA
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Many people with high incomes assume they make too much money to contribute to a Roth IRA. And they’re right – sort of. The IRS does put income limits on Roth contributions, but there are a few lesser-known workarounds that high earners can use to get money into a Roth anyway.
The potential tax-free growth inside a Roth IRA can be especially enticing to people who both earn a lot and save a lot, as they may find themselves in a fairly high tax bracket at retirement. Any opportunity they have to withdraw money on a tax-free basis can only help their situation.
So what should high-income investors know about Roth strategies that might not be obvious at first glance? Find out from podcast host Johnny Dean and Rick "The Professor" Plum, CFP® on this week's episode of Managing Your Financial Future!