After the end of the calendar year, you still have the opportunity to make contributions to a Roth IRA.

Roth IRAs 👇🏻 🚨 PLZ prioritize a Roth IRA every year 🤑this is a tax-advantaged savings account that will help you retire! 💰if you didn’t contribute to one in 2022, it’s not too late! You have until April 18 of this year. FOLLOW along for all the ways to make & save $$ 🤑...(read more)

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TRANSFER IRA TO GOLD: Gold IRA Account
TRANSFER IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA

Roth Individual retirement account (IRA) is one of the best ways to plan for your retirement, as it offers tax-free growth and withdrawals. However, the traditional rule is that contributions to a Roth IRA should be made before the tax deadline on April 15th of the following year. But don't worry if you missed that deadline, you can still make contributions to your Roth IRA after the calendar year ends. Here, we'll discuss what a Roth IRA is, how contributions, and withdrawals work, and how you can maximize your contributions. What is a Roth IRA? A Roth IRA is a retirement savings account that allows you to save after-tax dollars for your future. The money grows tax-free, and you won't have to pay taxes on that money when you withdraw it in retirement. It's a perfect option for individuals who expect to be in a higher tax bracket in retirement than they are now. How Contributions and Withdrawals Work The contributions to your Roth IRA are made with after-tax money, which means you can't deduct them from your taxes for the year in which they were made. However, once you start making withdrawals, you won't have to pay taxes on the contributions or any earnings. While there is no required minimum distribution age for Roth IRAs, it is beneficial to keep in mind that the account must have been open for at least five years to make a tax-free withdrawal. How to Maximize Your Contributions Roth IRA contribution limits for the calendar year are $6,000 for those under the age of 50 and $7,000 for those over the age of 50. However, if you missed the deadline for the previous year, you can always make contributions for the following year before the tax deadline. For example, if you missed the deadline for the 2020 tax year, you can still make contributions to your Roth IRA until April 15th, 2021. Keep in mind that contributions must be postmarked by the tax deadline for the previous year. Another way to maximize your contributions is to set up automatic contributions to your Roth IRA throughout the year. This method ensures that you are consistently putting money towards your retirement savings, rather than scrambling to make a large contribution at the tax deadline. In conclusion, it's never too late to contribute to a Roth IRA. Even if you missed the tax deadline for the previous year, you can still make contributions for the following year before the tax deadline. With a little planning, you can maximize your contributions and enjoy the benefits of tax-free growth and withdrawals in retirement. https://inflationprotection.org/after-the-end-of-the-calendar-year-you-still-have-the-opportunity-to-make-contributions-to-a-roth-ira/?feed_id=102733&_unique_id=64761c194db54 #Inflation #Retirement #GoldIRA #Wealth #Investing #HowtocontributeRothiraafteryearends #RothIRA #RothIRA #HowtocontributeRothiraafteryearends #RothIRA

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

Timothy Sumer

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