ilmscore | Roth IRA vs 401K - How to Retire Faster

Roth IRA vs 401K - How to Retire Faster

Published: 2022-12-21
Status: Available | Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
The maximum allowable contribution to a 401K in 2023 was $22,500.
"in 2023 the limits is $22,500"
401K Contribution Limit
Pending
The maximum allowable contribution to a Roth IRA in 2023 was $6,500.
"in 2023 the maximum amount that you can put into a Roth IRA is $6,500"
Roth IRA Contribution Limit
Pending
In 2023, single individuals earning over $153,000 or married couples earning over $228,000 were disqualified from contributing to a Roth IRA.
"in 2023 if you're single it's $153,000 if you're married it's a total combined income of $228,000"
Roth IRA Income Limitation
Pending
The Roth 401K shares the same higher contribution limit as the traditional 401K.
"the Roth 401k it's going to have the same contribution limit as the 401K which is much higher"
Roth 401K Contribution Limit
Pending