Episode 209: It’s Not Too Late For Your 2022 Roth Contributions... 5 Things You Should Know

Were you thinking about contributing to a Roth IRA last year but never get around to it? Good news! It’s not too late to make your Roth IRA contributions for 2022. In fact, David encourages most people to make, and even max out, this contribution. So, if you haven’t made your 2022 Roth contributions, now’s your chance.

If you’re looking for ways to invest, this is often a good place to allow your investments to grow tax-free. David explains the ins and outs of contributing to a Roth IRA, who can benefit from it, and why it’s not too late to contribute 2022 dollars even though we’re already well into 2023.

Here are five things you’ll want to know about Roth contributions:

• It’s not too late to contribute for 2022. (3:15)
• Tell the custodian it’s a 2022 contribution. (4:29)
• Should I max out my contribution? (5:55)
• Am I eligible to make a Roth contribution? (7:15)
• Am I too old to contribute to a Roth? (10:25)
• Bonus: Why to use a Roth instead of a bank. (11:43)

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.