I’m Earning Extra from my Side Hustle. But Does This Cramp My Chances at Investing?
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Maximizing Retirement Contributions and Backdoor Roth Strategies
This chapter delves into the significance of consistent saving and investing for retirement, exploring contribution limits for solo and employer-sponsored 401(k) accounts. It also explains the concept of backdoor Roth contributions to surpass income restrictions on Roth IRAs, emphasizing the priority of maximizing retirement contributions before pursuing backdoor Roth strategies.
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