01.03.24 Roth IRA Limits For 2024 / Used Electric Cars

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 3 January 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Clark shares good news about his favorite type of retirement account. Also in today’s show, advice for used car buyers includes new tax incentives that just went into effect. New Roth IRA Limits: Segment 1 Ask Clark: Segment 2 The Used EV Tax Credit: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Looking to save in a Roth IRA next year? Here's what you need to know. - from USA TODAY How To Open a Roth IRA IRS provides tax inflation adjustments for tax year 2024 Best 529 College Savings Plans By State 529 rollover to Roth IRA: A guide to conversion Visible Review: 5 Things To Know Before You Sign Up Visible vs. Verizon Wireless: Plans, Pricing, Data and More Edmunds: Best used electric vehicles under $25,000 13 Secret Saving Hacks at Costco, Sam's Club and BJ's Wholesale What Home Security Camera Does Clark Prefer Ahead of Amazon’s Ring? How To Find and Choose a Financial Advisor Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Oracle.
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0:20.0	Do more and spend less, like Uber 8 by 8 and Data
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0:28.6	slash enhance. It's my pleasure to welcome you to the Clark Howard Show. Our mission is to serve you with knowledge that empowers you to make better financial decisions in your life.
0:46.8	One of those really smart decisions would be to sign up for our free newsletters at Clark.com slash newsletter.
0:55.7	And if you're new to the show,
0:57.6	you may not know they call me the man from Roth. what does that mean?
1:04.0	Well, Roth IRA, named after Senator William Roth of Delaware,
1:10.0	long deceased, the late senator.
1:12.3	And it is true.
1:14.6	I do love the Roth IRA and the Roth 401k.
1:19.5	The great news on the Roth IRA
1:22.0	is the income limits that allowed you to qualify used to be so
1:26.1	stinking low and now those have gone up and up and up the amount you can
1:31.1	contribute gone up so both the amount you can contribute to a Roth higher in 24 the income that qualifies you to get a full
1:40.4	ability to contribute to a Roth up as well. I'm going to explain how that works.
1:46.3	And today's show, I want to tell you, I spoke recently about hybrid cars, how they work, but also used electric cars. I've talked
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