2022 Roth IRA Contribution & Income Limits

By Travis Sickle, CFP®, EA® | May 4, 2022

Roth IRA + Traditional IRA Contribution Limits 2022 IRA + Catchup Contribution20212022 Roth IRA$6,000$6,000Roth IRA Age 50+$7,000$7,000Traditional IRA$6,000$6,000Traditional IRA Age 50+$7,000$7,000 Roth IRA Income Limits Filing Status2021 Roth IRA Income Range2022 Roth IRA Income Range Single$125,000-$140,000$129,000-$144,000Married Filing Jointly$196,000-$208,000$204,000-$214,000Married Filing Separately$0-$10,000$0-$10,000 Traditional IRA Income Limits Filing & Workplace Status2021 IRA Income Limit2022 IRA Income Limit Single,…

Aura Digital Safety App Review | Identity Theft Protection

By Travis Sickle, CFP®, EA® | April 19, 2022

The Aura digital safety app is so much more than just an app.  It protects your digital identity and devices and some parts you probably didn’t realize need protecting.  I have updated this post a few times, added more videos on Aura and each time I’m more impressed and feel that much more at ease…

How to turn your $10,000 Roth IRA into $1,184,186 tax free

By Travis Sickle, CFP®, EA® | July 30, 2021

The Roth IRA can give you tax-free growth for your retirement savings plan.  But what does that look like?  How much do you need to contribute to become a millionaire in retirement?  We all want to be rich or have the financial independence necessary to do what we want when we want, right? You could…

Compound Interest Explained

By Travis Sickle, CFP®, EA® | April 26, 2021

Compound interest is the magical phenomenon that grows your money exponentially. It can be more powerful than a passive income stream or even your paycheck.  It’s probably the greatest path to wealth building that has ever existed. Let’s get you up to speed on compound interest so you can clear the way to becoming rich.…

Health Insurance Tax Credit Explained

By Travis Sickle, CFP®, EA® | April 11, 2021

 

How to hire your child [Tax Deduction]

By Travis Sickle, CFP®, EA® | August 11, 2020

IRS Family Help page   The SBA website, “5 reasons to hire your child.”   FLSA Child labor Rules   Rules for working under 14   Child labor exemptions from The US Department of Labor   How and where to apply for your businesses EIN on the IRS website.   The 17 Hazardous Occupations by…

Net Income Attributable Calculation

By Travis Sickle, CFP®, EA® | March 14, 2020

The net income attributable calculation can help you fix and avoid the 6% Roth IRA excess contribution penalty. You have until the October 15th tax filing deadline, regardless if you filed an extension or not.  In fact, if you realized you overcontributed after you filed your taxes but it’s still before the October 15th tax…

How to reduce Debt

By Travis Sickle, CFP®, EA® | October 22, 2019

Use the link below to access our financial planning tool that can help you get organized and guide you through a debt savings strategy. Financial Planning Tool

How to fill out the IRS Form W-4

By Travis Sickle, CFP®, EA® | October 19, 2019

How to fill out the IRS Form W-4 2019 video tutorials.

How to calculate a car loan payment

By Travis Sickle, CFP®, EA® | October 19, 2019

How to calculate a car loan payment using a 10b ii financial calculator.