Show Notes
This retirement podcast episode goes over new IRA Contributions. Chris Trembley, Director of Operations at Preferred Trust Company, discusses the new IRA contributions limits for 2023, catch- up contributions for people 50 years or older, and tax documents. Reminder: You can make IRA contributions for 2022 AND 2023 from the start of the new year up until tax day (APRIL 18th). Please go to IRS.gov for more information.
Contribution Timecodes:
1:15 New 2023 Contribution Increases
2:20 Catch-Up Contributions
3:15 Sweet spot for contributions
4:00 Contribution amounts are ALL IN
5:42 IRA Contribution Tax Deductions
7:20 Roth Contribution eligibility
8:25 Tax Documents
11:15 Why contribute to an IRA at PTC?
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Disclaimer: Preferred Trust performs duties of a custodian and as such, does not sell investments or provide investment, tax, or legal advice.
