qualified income sources. Also, pay attention to the income limits and contribution phaseouts to ensure that you are eligible.
Are you ready to learn more about the Roth IRA? Here are 3 things to consider if you are on a mission to build wealth in your retirement account.
1. Max Out Your Retirement Account Every Year
The IRS raised the individual retirement account contribution limits from $5500 in 2018 to $6,000 in 2019. Don’t let those numbers scare you away. You are not required to save or add $6,000 to your Roth IRA this year. You can save $1000 for the year if that works best for you.
But if you want to increase your investing power and wealth-building opportunities, you want to max out your account with $6,000. All you have to do is contribute $500/month or $125/week to max out your retirement account within a 12-month period.
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2. Invest In Assets You Understand
How do you earn money in your Roth IRA? You have to invest the money that you save in your account to accelerate
