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Retirement and 401(k)

Contributing to a Roth IRA in a Low-Income Year

Rodney Brooks
|
May 8, 2020

There's not much good news in today's coronavirus-induced economic calamity, between mass layoffs, furloughs and salary reductions, temporary or otherwise. Millions of Americans are likely to end the year with a reduced income. But a crisis sometimes offers opportunities. For those who are financially able, a low income year offers a unique option to save in a Roth IRA and pay a low tax rate on your contributions.

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