Pink Money
Pink Money
Jerry Williams
EPS 16 - IRA Basics Explained: Contributions, Deductions & Rules
35 minutes Posted Apr 3, 2023 at 6:00 pm.
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Show notes
In this episode of the Pink Money Podcast, Jerry covers everything you need to know about IRA contributions ahead of the April 18th tax filing deadline. He explains the difference between traditional and Roth IRAs, contribution limits, deductibility rules, and how phase-outs work based on income. Jerry also shares tips on recordkeeping, rollovers, and why keeping track of forms like 8606 and 5498 is essential to avoid being taxed twice. 💬 Have a question or comment? Contact Jerry ...