There’s also an upper limit to how much you can earn and still make Roth IRA contributions. For 2023, that limit is $153,000 for singles and $228,000 for married couples filing jointly.

Dave Ramsey recommends Roth IRAs Ramsey highlights the advantages of a Roth IRA. Unlike a traditional 401(k) or IRA, contributions to a Roth IRA are made using money that has already been taxed.

Ramsey recommends investing the remainder of the 15% in a Roth IRA, which allows workers to pay taxes on their contributions up front. Withdrawals made after age 59 1/2 are handled free of taxes ...

There’s also an upper limit to how much you can earn and still make Roth IRA contributions. For 2023, that limit is $153,000 for singles and $228,000 for married couples filing jointly.