In this episode of Adam Live, Adam Bergman, Esq., founder of IRA Financial, discusses the annual update to the IRA and 401(k) contribution limits. There has been a significant increase to what retirement savers can contribute this year, especially for the self-employed.
Learn more about updated 2022 Solo 401(k) Limits:
Read about the 2022 Self-Directed IRA Limits:
About IRA Financial:
IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.
IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial Group, its management, salespersons or IFG’s in-house legal counsel. IRA Financial Group provides IRA retirement facilitation service and CANNOT provide Client with legal, investment, or financial advice. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.
IFG is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a Committee of the American Bar Association & a Committee of Publishers and Associations.). The scope of Professional Services does not include the costs of any custodian related services.
Learn More:
#IRA #401k #Solo401k #SelfDirectedIRA #RothIRA #Roth401k #2022IRAContributionLimits #2022401kContributionLimits #Retirement #SelfEmployed #SEPIRA #SIMPLEIRA #RetirementPlanning #Investing #SavingforRetirement #ADamBergman #AdamLive #IRAFinancial #Taxes #Taxplanning…(read more)
LEARN MORE ABOUT: IRA Accounts
CONVERTING IRA TO GOLD: Gold IRA Account
CONVERTING IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
Need clarification: as we will be filing our 2021 tax return in 2022. So for our 2021 tax return: is the sole 401k contribution $19,500 or $20,500?
If all of my income is on a schedule D, what retirement vehicle am i actually allowed to use to declare a deduction. i already have a roth ira, but also have a self-directed 401k but not sure i can even contribute. advice?