Browsing Tag:Roth IRA

AFP Staff
Economics, Financial Planning

I contributed to a Roth IRA, but make too much money. What do I do now?

The IRS specifies that you can only contribute to a Roth IRA if you make under a certain income limit. For 2022 you can make a full contribution if you are: Single and make under $129,000 or married and make under $204,000. You can make a partial contribution if you are: Single and make under $144,000 or married and make under $214,000. What if you made a contribution already earlier in the year and then made more than you expected…

AFP Staff
Financial Planning

5 Smart Money Moves for the New Year

With the new year comes new opportunities, new goals, and a fresh start. What a great time to get your finances back on track or do a little adjusting to make sure your financial house is in order. Here are 5 smart money moves you can make right now to kick off this year in a great way. Refinance your mortgage if you haven’t already taken advantage of the great interest rates right now. Rates are at all-time lows. My…