2020 Roth IRA Income Limits

In the vast array of qualified plan retirement options, a Roth IRA makes sense. A Roth allows the accumulated funds to be withdrawn tax free at retirement. The trade off: During the accumulation phase, the contributions are not tax deductible. While, on the surface this may seem to be not an ideal situation, it can be.

A thought for consideration:

Currently, marginal income tax rates are extremely low. With all the fiscal issues with the US federal government, (e.g. The looming potential insolvency of Social Security/Medicare and the growing Federal debt), it’s a safe bet those marginal tax rates will rise. Max funding a Roth IRA is not a bad play.

The 2020 Roth IRA Limits

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