IRA contribution limits can change from year to year, and the max amount you can put in also depends on your age.
Note that no matter what, the amount you put in can’t be more than your taxable compensation for the year.
Take a look below for the limits based on the kind of IRA. Remember that IRA is one of many retirement plan options available.
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A side hustle is just extra work you do in addition to your normal job. A side job or side gig, in other words.
The phrase “side hustle” doesn’t have a bad meaning the way like the word “hustle” alone sometimes does. It’s more like hustle in the sense of “get a move on and work hard”. (Like your gym teacher might have yelled.)
It can be work you do a few hours a week, no set number of hours, or even a lot of hours if you are full of fire.
Usually a side hustle is done as a freelancer or independent contractor/entrepreneur (aka working for yourself), so those are the kinds of things we’ll focus on here.
But working part time for an employer can also be called a side hustle if you’re doing it on top of your regular job.
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Each year, the government looks into whether or not to increase 401(k) contribution limits for those kinds of retirement plans.
It’s good to take advantage of any increases if you can, as it could help future retired-you. To make planning and taxes a little easier, here are the amounts for 2023 and prior years.
There are many ways to stay warm during a power outage. And with rolling blackouts, winter storms, and other cold-weather outages on the rise, chances are you may need to use them.
So what are the ways to stay warm during a power outage?
In general, think of staying warm by area. The smaller the area you need to warm up, the easier it will be to stay warm.
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