Series 24: Contributing To An IRA

Taken from our Series 24 Online Guide

Contributing to an IRA

The government puts limits on IRA deduction amounts. All contributions must be made only from earned income, as opposed to passive income. Earned income typically means wages. Unearned income, or passive income, includes dividends, capital gains, and interest on securities; Social Security benefits; unemployment benefits; child support; rental income; and inherited funds. Traditional IRA contributions are limited to $6,000 per individual, but an additional $6,000 can be contributed to a non-working spouse’s IRA, provided the couple files a joint

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: Contributing To An IRA, you might also be interested in:

Series 65 - 10.6.2 Electronic Communications and Social Media

Series 6 - 4.2.7. Bond Points and Basis Points

Series 65 - Expiration

Series 24 - Regulation M, Rule 105 – Short Selling in Connection with a Public Offering

Series 53 - Approval by Principal

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I originally started studying for the series 24 with Test Teachers... After being frustrated with confusing material, out of date information, contradicting questions/answer/study guides, I bought Solomon's practice exams... After one test, two things became clear: I was grossly unprepared for the exam The material, though difficult, didn't have to be taught in such a confusing manner.I passed the 24 on the fist time because of the quality of the practice exams from Solomon. Thank you! Putting it another way...If you are using anyone else to study, you owe it to yourself and your efforts to buy the practice exams from Solomon to get a true judge of your studying efforts.

Will, Bainbridge Island, WA

I took another vendors 24 course but it did not compare to how Solomon Exam Prep for Series 24 prepared me. The material and practice exams, especially the timed exams, were broken up by sections, similar to the FINRA Exam. This really helped in allowing me to understand which section(s) I needed to spend more time on/hit harder. Thank you Solomon!!!

Jim Ruckman, Mass Mutual

I recently passed my Series 24 using Solomon Exam Prep! It was the hardest exam I've taken to date. I found all the practice exams with specific feedback to be the most helpful, though the audiobook was very helpful as well.

Diane Pouliot, RBC, Minneapolis, MN

I used Solomon to sit Series 24 and Series 79, passing with 81% and 88% respectively. Having looked at other material providers, Solomon stands out because of their prompt replies to student questions and the completeness of the answers provided – they are the best out there!

Chris Brice,CFA Bell Potter Cantley, Québec, Canada

Just passed the Series 24 on my first attempt. Not an easy exam so put the time in. I used the Video Lectures and the Exam Simulator from Solomon. Great resources of information!

Shawn McClain, Natixis, Charlotte NC

Excited to say I passed the Series 24 the first time I sat for the exam. The course material and exam simulator were paramount in my preparation.

Ben Young, Berthel Fisher. Cedar Rapids, IA