Thanks to inflation, the IRS increased the maximum you're allowed to invest in your IRA in 2024. In this video, Certified Financial Planner® Matt Frankel discusses the new limits, the revised income limitations, and when you need to get your contributions in.
*Stock prices used were the afternoon prices of Jan. 3, 2024. The video was published on Jan 4, 2024.
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Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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