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 52 - 7.4. Monetary Policy

Series 50 - OID Municipal Bonds

SIE - Analyzing General Obligation Bonds

Series 65 - Exercise

Series 63 - Unlawful Representations Concerning Registrations

Series 65 - 2.16.2. Valuing Fixed-Income Securities

Series 63 - Chapter Four

Series 24 - 3.1.4. Suitability

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

As easy and painless as it could ever get (Series 24)!

Francis R., Hong Kong, China

I just passed the series 24! It is, by far, the hardest test that I have ever taken. I had failed it 4 times using other study materials. I have never felt more defeated! Solomon Exam Prep is the best! I took over 154 practice tests...without seeing the same question twice. I was able to finally grasp the material and passed! My only regret is that I did not use the Solomon Exam Prep on my first attempt!

Bill Harpe, Capital Choice. Greensboro, GA

Even though there is no such thing as a guaranteed success in the securities industry, there is a likelihood of strong returns if you are able to make the right risk / reward choices at the right time.

If you are taking a test one of those choices is Solomon materials. Just follow their guidance. It worked for me, 3 times in a row, 7, 63, 24!

Eric Altmann, New York, NY

I was very apprehensive about the Series 24 exam prior to taking it. Everyone I knew who had taken it informed me that it was an incredibly difficult test, with questions that were meant to trick you. After following Solomon's six week study outline and making flashcards for my weakest areas, I was averaging in the high 80s on the Solomon practice exams. That gave me the confidence I needed to walk into the test center feeling prepared, and the knowledge I needed to walk out of the test center having scored an 88. I am now recommending the Solomon Series 24 materials to everyone at the office!

Janie Richards, Austin, TX

I passed the Series 24 on the first try with an 80%! This was the highest of all of my Series exam scores and I attribute much of my success to Solomon's amazing study materials. The practice exams are spot-on and the video lectures were a great supplement to the readings. I suggest following the study schedule Solomon provides for a successful outcome!

Katelyn H, Las Vegas, NV

I tried studying on my own using materials from another vendor, which was super wordy and lengthy. After much frustration, I looked for new study materials and discovered Solomon. It is concise, clear and presented well. The subject area quizzes and practice exams were unlimited and very helpful. Six weeks later I passed the Series 24 with an 85! I would not hesitate to use Solomon again, should the need arise.

Yasmeen M.