A Roth IRA is a great option for those looking to save after-tax dollars, offering the opportunity for tax-free growth, and favorable distribution rules. Unfortunately, eligibility to contribute to a Roth IRA is subject to multiple restrictions, which can cause confusion when determining if you are eligible to contribute.

To help make the analysis easier for you, we’ve included a “Can I contribute to my Roth IRA?” flowchart. It addresses the key eligibility considerations including earned income, other IRA contributions, and income thresholds.

Can I contribute to my Roth IRA?

While checklists and flowcharts can help you identify different opportunities, we are always available to meet with you to discuss your financial needs and goals, and help to identify what the best opportunities are for you.

 

This content is provided by Windward Private Wealth Management Inc. (“Windward” or the “Firm”) for informational purposes only. Investing involves the risk of loss and investors should be prepared to bear potential losses. No portion of this blog is to be construed as a solicitation to buy or sell a security or the provision of personalized investment, tax or legal advice. Certain information contained in the individual blog posts will be derived from sources that Windward believes to be reliable; however, the Firm does not guarantee the accuracy or timeliness of such information and assumes no liability for any resulting damages.

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