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  /  News   /  Is the Bull Market Coming to an End? What Retirement Savers Should Do to Prepare

Is the Bull Market Coming to an End? What Retirement Savers Should Do to Prepare

Investopedia

Too Rich for a Roth? Do This

For 2021, Roth IRA contributions are not allowed for single filers with a modified adjusted gross income (MAGI) of $140,000 or more (it rises to $144k in 2022) or married couples filing jointly whose MAGI exceeds $208,000 (rising to $214k in 2022). A Roth IRA allows for tax-free qualified distributions in retirement, which may be invaluable if you anticipate landing in a high tax bracket when you retire. Fortunately, there is an available solution to the Roth IRA roadblock for affluent taxpayers: a backdoor Roth IRA.

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