How To Fund Your Account How To Fund Your Account

How To Fund Your Account

Carol Carol

To add funds to your iTrustCapital account, you will begin by:

1. Log into your iTrust dashboard.

2. Once in your dashboard, you will go to the USD section and click the "Contribute" button.

3. There are three ways to fund your account, a transfer from other IRAs, a rollover from previous employer plans, or a cash contribution.

4. Depending on the method chosen, we will email you the appropriate funding instructions once the process is initiated.

**We are not able to fund these accounts with crypto unless they are coming from another Crypto IRA.

 

Contribution Guidelines

  • A contribution can only be made in USD per IRS rules.
  • Contribution limits for 2021/2022
    • $6,000 if you are under 50 yrs. old
    • $7,000 if you are over 50 yrs. old

Roth IRA Contribution Guidelines for 2021

  • Filling Single, you must have a modified adjusted gross income under $125,000 to make the maximum contribution to a Roth IRA.
  • If you are married filing jointly, your MAGI must be less than $198,000 to make the maximum contribution to a Roth IRA.
    • If eligible, both you and your spouse can open your own Roth IRAs and make the maximum contribution.

Roth IRA Contribution Guidelines for 2022

  • Filling Single, you must have a modified adjusted gross income under $129,000 to make the maximum contribution to a Roth IRA.
  • If you are married filing jointly, your MAGI must be less than $204,000 to make the maximum contribution to a Roth IRA.
    • If eligible, both you and your spouse can open your own Roth IRAs and make the maximum contribution.

*If you are over the income limits to contribute to a Roth IRA directly, you can setup a Backdoor Roth IRA. 

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