Today we’re covering the income limits for getting the full deduction on your traditional IRA contributions. We’ll look at the income limits if you have a 401k at work as well as if your spouse has a 401k or other workplace retirement account.
Link to calculate MAGI:
We’re an investing service that also helps you keep your dough straight. We’ll manage your retirement investments while teaching you all about your money.
—Ready to subscribe—
For more information visit:
— Instagram @jazzWealth
— Twitter @jazzWealth
Business Affairs 📧Support@JazzWealth.com…(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
So when making your calculations, are the amounts off of one spouse or both? Or each limits are off that particularly sole spouse's income?
Example: I make $125,000 and have a pension, spouse makes $30,000 and has no retirement offered. Total AGI is $155,000.
Who can deduct?
And now they are stealing the election there will only be Democrats in control. On to Socialism
Thanks for happy talk. With Democrats in control, Roth IRAs will be taxed.
Just a reminder that it is if a 401k is AVAILABLE at your/your spouses workplace, not necessarily if you contribute to it. Great video Dustin!
Fantastic video ❤️No doubt, Bitcoin and the aggregated cryptocurrency market has incurred some notable upwards momentum once again, right now the leading crypto asset is currently trading above $15,000 against the US dollars and the bulls are still very strong with great potential to see BTC bullishing higher. However a lot of people will want to sell the little they have which i see as a very odd strategy, rather i would encourage everyone out there to trade with the little they have with a working strategy/daily signals which i have been doing. I still see this as a good time to trade and make huge profits, i have been using Mr Davies O'Brien strategy/daily signals since the last bear market, increasing my portfolio monthly. With his strategy/signals, i was able to grow my portfolio to 6.2 btc with my initial 0.7 btc in my first month of using his strategy and this having been going on for 4 months now. Mr Dav makes you learn while earning massively. He can be contacted via whatsapp +44 7723 173885 and telegram @daviesbrien for crypto inclined concerns.
Great video!! 8/10 your AGI will equal your MAGI.
Thanks Dustin great info !!
Ya'll need some hot girls doing jazzersize while your music is playing like in the 90's. Builds good relationships with your clients
do you have a video on how to look at an account in folio and understand what's going on? thanks
Does that mean that post-tax contributions into a traditional IRA are double taxed after take it out in retirement?
That hand i just noticed
What if you make more than 124K. But you reduce your yearly income from a 401K? To be within the 104-124k
Whoo! That jazzercise music really pumps me up!!!
Great info! The backdoor conversion takes care of Roth issues. It's been great for me, because I want most of my investments to be tax free when I withdraw.
content = great; closing montage………just no. 🙂