📢 2019 IRA and 401k contribution rules. | The Dough 💲how

Just released! For the first time in 6 years the IRS has increased the max contribution limits for IRA's and 401k's. Today we talk about how this affects your retirement investments and overall retirement plan. Welcome to the Dough Show!

We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money.

---Ready to subscribe---

For more information visit:

--- Instagram @jazzWealth

--- Facebook

--- Twitter @jazzWealth

[deplorable]

I considered I highly compensated employee and half of my 19500 is refunded to me yearly. Do you have any advice?

[socricket]

Can I contribute more than 6000 in Roth IRA if I don't mind paying the taxes just because I want a way for all the growth to be tax free?

[xavierbreath]

In August 2019 I put $6000 in my Roth. I pulled $5750 out in October 2019 to pay off an unexpected debt. Can I put the $5750 back in the same account for 2019 year (now Jan 18 2020)? If not can I open a different Roth and put the $5750 into a new account for the 2019 year?

[HappleR]

In regards to retirement plans such as 401k, Roth IRA, Traditional IRA. If i’m gonna plan on retiring early. should i might as well just invest in a normal brokerage account because if i withdraw early from these retirement plan, ill be taxed with income tax. whereas a brokerage account will only be charged with a capital gain tax which is lower than income tax. and with a tax-efficient ETF in the brokerge account, is it still a good idea to put it into these retirement account. Thanks

[jabwinfinance]

Sweet, so going from investing $229/paycheck (for bi-weekly paydays) to $250/paycheck. I'll take it!

[cilgarcia]

can you contribute to a roth 401k and roth ira at the same time?

[missaliisa]

Does your company match count towards the $19k 401k limit or can that allow you to go over?

[donaldjames]

So...I have a 401K with several hundred thousand dollars and it's with my present employer...pretty standard stuff, employer match, etc.

I also have a smaller (about $25K) conventional IRA that was a rollover from years ago.

I hate the fact that my 401K limits me to a small set of mutual funds. I prefer to do my own stock and option trading, which I can do with my IRA, even though option trading is a bit limited,

My question is this: Can I write a check for $7K from my personal funds and deposit it in my IRA? If so, is it tax-free?

[MotoScoutOut]

Topic idea: When figuring out "your number" do you compound your rate of return and if so how often? Is an 8% return by default annual compounding?

[robertbenoit]

Sorry I didn’t catch it... why can’t I file married/ separate filing and have a Roth for my spouse and I?

[mitchellprzybylski]

I work for the post office and have a tsp and tsp roth i understand since im over 50 my max traditional is 25k and 7k for roth for a totsl investment of 32k between the 2 i wanted to know if thats allowr or is the 25k a total between the 2 accounts thank you

[jared]

Hello so I know I can only contribute 6k to roth ira but if I want to more what are my options? I am a sole proprietorship so can't do 401k. Is there anything else I can do ? Can I gift to my parents?

[brucesmith]

Great info Dustin thank you good to know for the upcoming year

[catt]

I woild give double LIKe if I could. exciting, IRA contribution increasing for next year. Dustin you are the first to share this info. Thanks. Smiles.

[stanley]

The video is awesome like always. Not too sure if it is your expertise. Would be great if you can dig deep on taxes for people with 1099. Then how would that work with 20% pass-through? Basically, anything to do with the new tax laws including 18000 business expense on cars.

[misscracka]

If i already filed my taxes for 2019 and did not contribute to a roth ira last year can i still do so? Before april 15? If so can i with a regular ira and write it off tax year 2020? Please help

[analyst]

How do I have my retirement contributions taken out of my payroll paycheck an put into my Charles Swab brokerage account tax deferred?

[dsorrell]

Question, if my roth is currently maxed for 2018 contributions how soon can i start contributions for 2019? Is it jan. 1 or the beginning of tax filings season?

[pedroortiz]

I’m 42 single want rollover 401K to a IRA what are my options

[mastertommy]

Can you invest 6000 in each ira and roth ira?