How to Construct a Diversified Stock Portfolio of Major Index Funds
The Money with Katie Show
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Rich Girl Round Up - Money With Katie
In 2022, the income limit for investing at all in a Roth IRA is a modified adjusted gross income or Magi of $144,000 per singles and 214,000 for married filing jointly. In other words, you're using money that you've already paid taxes on. So what should you do if you fear you're unable to contribute to a Roth IRA because you make too much money? A backdoor Roth IRA can be able to pull this off without any tax penalties.
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