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Retirement Planning

Maximum Roth IRA Contribution Limits for 2021 & 2022 [Video]

Roth IRAs are a great retirement planning tool for many taxpayers. Contributions to a Roth IRA are not tax-deductible, however, the earnings can grow tax-free, and distributions from a Roth IRA at retirement are tax-free as well. Roth IRAs, however, are not available for certain taxpayers with Modified AGI above certain thresholds. View our video on Traditional IRAs:https://youtu.be/mTKgKmaiMzwSubscribe to the channel for more episodes and tutorials. Purchase our tax guides and tutorials here:https://www.udemy.com/user/jason-knott-2/https://gumroad.com/jasondknottCheck out our website for more posts:https://www.lawofficesofjasonknott.com/blog/Need more help? Schedule a consultation:https://calendly.com/jason-knottFollow Jason here: Twitter: https://twitter.com/jasondknottInstagram: https://www.instagram.com/jasondknottTikTok: https://www.tiktok.com/@jasondknottLinkedIn: https://www.linkedin.com/in/jason-d-knott/Patreon: https://www.patreon.com/jasonknottQuora: https://www.quora.com/profile/Jason-Knott-17#IRS #IRA #RothIRADISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.