KrisD15
Expert Alumni

Retirement tax questions

@Chuck48

 

You have two things going on, 

1. You need to earn income to contribute to a retirement plan. You pass that

2. Contribution limits are based on your Modified Adjusted Gross Income. If you're filing single, and your MAGI is equal to or more than 137,000, you cannot contribute. 

Who ever said you could invest that was not aware of your other income.

contribution phase out

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