It can take a lot of work to save for retirement.
You know you have to do it, but you need help figuring out where to start. Not only that, you have bills to pay now.
And then April 15 comes around, and you are hard-pressed to fund your Individual Retirement Account (IRA). Possibly scrambling to put money into it.
Here is how I helped people easily save for retirement over the years.
First, let’s look at how much you can put into an IRA for 2024.
If you are under the age of 50, the maximum you can contribute to your IRA will be $7,000. If you are over 50, you are allowed a “catch-up” of an additional $1,000 for a total contribution of $8,000.