Good advice, one additional tip. If you are using Obamacare for health insurance, anything you can do to lower your AGI/MAGI could return dollar for dollar (thousands of dollars) reductions in your monthly premiums. This includes contributions to IRA/401K and HSA accounts and if your AGI is near 70K (married). Contributing to a ROTH in this case I think would be a bad idea because this is an available tax credit.
Your videos are very helpful !!
Thank you!!
Thank you!
Good advice, one additional tip. If you are using Obamacare for health insurance, anything you can do to lower your AGI/MAGI could return dollar for dollar (thousands of dollars) reductions in your monthly premiums. This includes contributions to IRA/401K and HSA accounts and if your AGI is near 70K (married). Contributing to a ROTH in this case I think would be a bad idea because this is an available tax credit.
Didn't know you could take out the principal. That gets a like.
Yes, and there was also a new law for retirement plans that made them even better. Checkout the last two videos I posted on that
Where should I open my Roth IRA account??
Fidelity or Vanguard
Isn't that you can take principal after 5 years you open the account? Not right away.