Roth IRA eligibility is simple.
You can contribute up to $5,500 if your under age 50 & $6,500 if you are over age 50.
If your income level (as a single individual) reaches $114,000, then your contribution begins to phase out. Once your income reaches $129k, you can no longer contribute to a Roth IRA.
If you are married, filing jointly, your phase out begins at $96,000 through $116,000 at which you can no longer contribute to your Roth IRA.
For further information, feel free to contact me or reach out to your broker adviser.
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You can contribute up to $5,500 if your under age 50 & $6,500 if you are over age 50.
If your income level (as a single individual) reaches $114,000, then your contribution begins to phase out. Once your income reaches $129k, you can no longer contribute to a Roth IRA.
If you are married, filing jointly, your phase out begins at $96,000 through $116,000 at which you can no longer contribute to your Roth IRA.
For further information, feel free to contact me or reach out to your broker adviser.