Your Roth IRA Is About To Change: New 2025 Rules

Roth IRAs are one of the most exciting retirement account options available - you can save money for retirement that grows tax free outside of a workplace plan!

Every year the IRS changes the rules for the Roth IRA with changes to contribution limits and incomes allowed to contribute money. For 2025 they decided to change some things and leave others the same.

I recommend these companies for opening a Roth IRA:

Not sure how to invest?

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CONTACT ME:

Mary
P.O. Box 240981
Memphis, TN 38124

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**The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. Investing entails risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time. I am not a professional and this channel is for entertainment purposes only. Do your own research!!

*Affiliate links. I get commissions for purchases you make through links shown here. It doesn't affect your purchase in any way and the commissions help support this channel. I only recommend items I personally use and appreciate the opportunity to share.

[Larry-plwq]

One of my biggest financial mistakes was not maxing out my Roth IRA contributions earlier. The power of tax-free growth is invaluable, especially when you start early.

[theresav]

Can you do a video on how to calculate your magi?

[RyanKHawkins]

I just increased my automatic weekly contribution amount to my Roth IRA from $30 to $45. #progress

[Virtues]

It is an enlightening video and thanks for that ! Can a self-employed have both Roth and Simple and can he/she max out both or how does it work if they have both? Many thanks

[Ahdbfbfbeh]

They need to get rid of the income cutoff

[erikwilson]

Are the phase out amounts before or after taxes?

[rolandosouffrain]

❤️ luv me a Roth. This year I will max out my Roth 401k and Roth IRA. Thats $30k to help me become a Tax Free Millionaire 🎉🎉🎉❤❤🕺🏾🕺🏾🕺🏾

[deannaladratdsphne]

Does roth ira play as an investment.?
How do i inow of how to invest.?
Rolling 401k into a roth ira bc of job is a manufacturing plant and i forsee the co.may absorb our 401k into business due to tariff war..

[soshfin]

very concise very informative. thanks
do you have a vdo on what else we can buy (apart from stocks n bonds n cryptos) in roth ira?

[KatieoftheHouse]

Great info, Mary!
I’m not sure how you have your business income set up, but would it be possible for you to set up a 401K through your business so that you can invest more on top of the Roth IRA? I don’t know much about it, but I know Leila does it, so I’m just curious if you looked into it 😊

[johnstouchpad]

Are those phase out limits for gross income or MAGI?

[juanguzman]

Hey great video. What is the limit salary per year to qualify for a roth IRA?

[mkhatame]

Does 403B account offer ROTH option in it?

[johnniemartin]

Question. If I’m putting between $4, 000 and $5, 000 into a simple through my employer, can I put the $7, 000 into my traditional?

[lumaaldabagh]

I want to open Roth IRA but not sure about the income limit (is this considered as the gross annual income what you are referring to?)
Thanks

[davidcooke]

I want to contribute this year, do I use my 2023 MAGI to determine if I can contribute. I'm worried this year's MAGI and might not be able contribute. Thank you.

[deannaladratdsphne]

Were rolling our 401k into a roth ira..$ 14, 000. With 7k being the max, do we open 2.?

[sunilboodram]

I went over 150 to 151 the last week of the year 2024 but I didn't max out my Roth IRA is that a problem

[artdimino]

I’ve maxed out my Roth for 2024. Do need to wait until 2025 to contribute to 2025, or can I do it now, in 2024?

[GraziaMacahilas]

Investing in stocks is planting a tree for your future; with patience, it will bear fruit."