///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you. TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP® CERTIFIED FINANCIAL PLANNER™ Company Website: twitter: @travissickle Instagram: Facebook: LinkedIn: Sickle Hunter Financial Advisors 1646 W Snow Ave. Suite 144 Tampa, FL 33606 ------------------------------------------------------- Gear Used in Videos Income Protection: You have a 1 in 4 chance of becoming unable to work due to disability. Your Breeze Disability Insurance policy will replace part of your lost income if and when you need it. Apply here Partnership referral links Aura Identity Theft Protection *Up to 50% off* HTTPS://www.aura.com/travis Seeking Alpha 50% Discount All Amazon links are affiliate links ____________________________________________________________________________ Information in this video is for educational and entertainment purposes only. sicklehunter.com/disclosures ____________________________________________________________________________ #travissickle...(read more)
LEARN MORE ABOUT: IRA Accounts
TRANSFER IRA TO GOLD: Gold IRA Account
TRANSFER IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
As the April 15th tax deadline approaches, self-employed individuals may be looking for ways to reduce their tax liability and make last-minute contributions to retirement accounts. One option to consider is the Roth IRA. Roth IRAs offer unique benefits for the self-employed, including the ability to make tax-free withdrawals in retirement and the option to contribute even after age 70 ½. However, there are some recent changes to the rules that self-employed individuals should be aware of. First, the maximum contribution limit to a Roth IRA for 2019 is $6,000 for those under age 50 and $7,000 for those age 50 and older. This amount can be contributed up until the tax filing deadline for the year, which is April 15th, 2020. Second, there are income limitations that determine who is eligible to contribute to a Roth IRA. For 2019, single filers with a modified adjusted gross income (MAGI) of $122,000 or less ($193,000 or less for married filing jointly) can make the full contribution amount. The contribution limit is reduced for those with a MAGI between $122,000-$137,000 ($193,000-$203,000 for married filing jointly) and completely phased out for those with a MAGI above these amounts. Third, there is a new rule for inherited IRAs that could impact those who inherit a Roth IRA. Starting in 2020, non-spouse beneficiaries of inherited IRAs will have to withdraw the entire account balance within 10 years of the original owner's death. This could result in a large tax bill for beneficiaries, so it's important to consider this when planning for retirement. Overall, the Roth IRA can be a great option for self-employed individuals looking to make last-minute tax-free contributions. However, it's important to understand the contribution limits and income limitations, as well as any recent changes to the rules. Consult with a tax professional or financial advisor to determine the best retirement savings strategy for your unique situation. https://inflationprotection.org/roth-ira-changes-for-self-employed-to-get-last-minute-tax-free-contributions/?feed_id=75832&_unique_id=6403e74d3ef08 #Inflation #Retirement #GoldIRA #Wealth #Investing #backdoorroth #backdoorrothira #retirementplanning #RothIRA #selfdirectedira #selfemployedretirement #selfemployedtaxes #selfemployed #Solo401k #traditionalIRA #travissickle #RothIRA #backdoorroth #backdoorrothira #retirementplanning #RothIRA #selfdirectedira #selfemployedretirement #selfemployedtaxes #selfemployed #Solo401k #traditionalIRA #travissickle
Comments
Post a Comment