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DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

Overcontributing to an IRA

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

Bleav + Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!

Money, Self-improvement, Business, Real Estate, Education, Investing

4.6858 Ratings

🗓️ 7 July 2021

⏱️ 18 minutes

🧾️ Download transcript

Summary

On this episode of DIY Money, Quint and Daniel talk about overcontributing to an IRA.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey there, this is Daniel. Thanks for listening to DIY Money. Now, if you haven't already, be sure to give us a five-star review so your friends know that this is a show that they can learn from. Follow us on Instagram at DIY.money. Now, enjoy this episode.

0:21.9

Welcome back.

0:23.1

Ladies and gentlemen, you're listening to another edition of D.I.W. Money.

0:28.0

I am fired up today, Daniel, fired up.

0:33.3

It's July 1st when we're cutting this.

0:36.0

Second half of the year.

0:36.9

Second half of the year, Second half of the year.

0:38.0

But we just had some unbelievable news that's going on.

0:42.6

This isn't a news show.

0:43.9

It'll be interesting to see how this plays out over the next several months and certainly over the next couple of years.

0:49.7

But the ruling just went into effect that student athletes can now be compensated and utilize their brand, their image, et cetera, to make money.

0:59.0

Show me the money! Show me the money!

1:02.2

So as of midnight last night, that went into effect.

1:06.4

And it's interesting because I would love to have somebody on this show.

1:11.4

I would love to talk to somebody about that on this show.

1:14.5

So we're working on that right now.

1:16.1

We're working on bringing in a student athlete,

1:18.5

talk to them about what they're going through,

1:21.1

what kind of stuff they're hearing, seeing.

1:24.2

I just think this is a game changer, no pun intended for some of these kids.

1:28.2

It's just unbelievable.

1:29.4

I think we're going to see more of this stuff.

...

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