178. How to Make the Most Out of Your IRA
Did you know that you have until April 15th, 2024, to contribute to your 2023 IRA? If you haven't maxed yours out yet, this episode will share everything you need to know about making the most out of your IRA. Allegra and Whitney explain everything you need to know about the difference between Roth and Traditional IRAs, the restrictions on contributing to and withdrawing from IRAs, and why IRAs are great investments. LISTEN TO LEARN What an IRA is, and why you may want one even if you already have a 401(k) How to make the most of your IRA and avoid costly penalties A breakdown of the different types of IRAs - Roth, Traditional, SEP, and SIMPLE How to determine which IRA is right for you and your goals What action steps to take to open an IRA account RESOURCES Learn more about the Wealth Circle: factorawealth.com/wealth-circle Join 6 Figure Savings: factorawealth.com/6-figure-savings Get our FREE financial framework workbook: factorawealth.lpages.co/grow-net-worth-workbook Get our FREE investing checklist: factorawealth.lpages.co/investing-checklist/ FOLLOW Instagram: www.instagram.com/factora_wealth/ YouTube: youtube.com/@factora_wealth Visit our website: www.factorawealth.com Got a question or a topic you'd like us to cover? Message us on Instagram @factora_wealth. Don't forget to subscribe and share this episode with someone who could benefit from it!