The answer to this question depends on the following items:

• Do you want to contribute to a Roth IRA or Traditional IRA?
• What is your income level?
• Will the contribution qualify for a tax deduction?
• Are you currently eligible to participate in a 401(k) plan?
• Is your spouse covered by a 401(k) plan?
• If you have the choice, should you contribute to the 401(k) or IRA?
• Advanced tax strategy: Maxing out both and spousal IRA contributions

Video for Backdoor Roth Contributions:    • Backdoor ROTH IRA Contributions  

Contact Michael Ruger with Questions: 5184776686 or [email protected]
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