2019 Tips for Retirement Success: IRA and Roth Contributions

Tax season is upon us and a good reminder for us to take advantage of the annual contribution options on Traditional and Roth IRAs. As long as you or your spouse have earned income, you can contribute $6,000 to a traditional or Roth IRA. If you are age 50 or over, then you can contribute another $1,000 for a total annual contribution of $7,000. And consider building your Roth IRA, whether you meet the income limitations or whether you qualify to make a “back door” Roth conversion/contribution, which is allowed for everyone who qualifies, regardless of income level.

You have until the tax filing deadline - April 15th, 2020 - to make a 2019 contribution. Also, you have until the tax filing deadline of April 15th, 2019 to make a 2018 contribution. So please don’t delay getting checks to us at least a few days prior to April 15th. If you have any questions - your financial planner is here to help!

Below is a handy chart to figure out the different year contribution limits.

#IRA #RothIRA #Investing #Contributions #Taxes #RothIRAContribution #IRAContribution #Tips #Retirement #retirementplanning

Featured Posts
Recent Posts
Search By Tags
No tags yet.
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

2020 by WEBB FINANCIAL GROUP. Proudly Created at WIX.com


Webb Financial Group (WFG) is a registered investment adviser firm offering advisory services in the State of Minnesota and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by WFG in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or pursuant an applicable state exemption.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of WFG, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties' informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

WFG is licensed to sell insurance in the State of Minnesota and may be licensed in others.