#495 - The Rules for Roth Contributions

So many economic predictions for the year have proved incorrect. Since even the brightest economists don’t have a crystal ball, planning your retirement based on economic, market, or investment predictions can lead you astray.

Instead of basing your retirement plan on wishful thinking, learn how to create a strategic retirement plan based on agency.

Today, and during this entire Roth IRA series, we’ll see how you can use Roths to enhance your retirement plan. Listen to this episode to hear whether you should be making Roth contributions to help fund your retirement.

Will Roth contributions be a part of your retirement plan?

Many of us missed the bus when it comes to making Roth contributions, but that doesn’t mean you’re too late. You can still make small, incremental contributions that get you to the yearly $6500 limit.

We would all love to be able to see what the market has in store for us in the future, but this kind of wishing can distract us from focusing on the things we can control. Don’t let economic predictions influence sound decision making. Create your retirement plan based on a process that you control. Listen in to hear the limitations and benefits of making Roth contributions.