Roth IRA Contribution & Income Limits 2022
Roth IRA + Traditional IRA Contribution Limits 2022 IRA + Catchup Contribution 2021 2022 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 Status 2021 Roth IRA Income Range 2022 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 Status 2021 IRA Income…
Aura Digital Safety App Review | Identity Theft Protection
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
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
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.…
How to hire your child [Tax Deduction]
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
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
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 calculate a car loan payment
How to calculate a car loan payment using a 10b ii financial calculator.