Asked Oct 11, 2019

Barry is a single, 40-year-old software engineer earning $190,000 a year and is not covered by a pension plan at work. How much can he put into a Roth IRA in 2018?

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Step 1

IRA- Abbreviation of IRA is Individual Retirement Account which is used as an investing tool that has tax advantage where the money invested and interest earned is not taxable until retirement.

  • The annual contribution limit for a single, married filing jointl...

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