Personal Investments • How to get back backdoor Roth?
My wife and I each have rollover IRAs from prior employer 401ks. It’s my understanding that due to the prorata rule, you cannot do backdoor Roth IRAs with traditional IRA money. Can we roll...
View ArticlePersonal Investments • Re: How to get back backdoor Roth?
You might be able to. It depends on plan rules, and whether you have commingled ERISA assets with IRA contributions.Statistics: Posted by whodidntante — Sun Aug 04, 2024 7:03 pm
View ArticlePersonal Investments • Re: planning for Alzheimer's
If you are willing to disclose what the nearest decent sized city is, there may be folks here who could recommend some day programs or support groups.Statistics: Posted by Dufus — Sun Aug 04, 2024...
View ArticlePersonal Investments • Re: Roth vs Traditional optimization strategy.
I disagree with the above. I wish the Roth 401K were around when I was 30. Instead I have over 2M in my Trad 401K that will continue to grow that someone will have to pay taxes on in the future....
View ArticlePersonal Investments • Re: Portfolio Review - Investor with High Anxiety
Questions:1. I need a lot of help to simplify my retirement accounts. I don’t know where to start. I have been thinking about this constantly for over 10 years, but always felt so helpless. This has...
View ArticlePersonal Investments • Re: Unable to Withdraw Cash from Vanguard Brokerage...
One Week Later Update:Essentially, nothing has changed. They are still unable to electronically withdraw money directly (ie, not using the settlement fund as an intermediary) from VUSXX to the linked...
View ArticlePersonal Investments • Re: Excess contributions to HSA to gather the full...
Any HSA excess applied to the following year comes with a 6% excise tax on Form 5329. This is the same way IRA excess contributions are handled - either removed by the tax due date or carried over to...
View ArticlePersonal Investments • Re: Please help a blue-collar guy with retirement...
Something is wrong with the stated SS benefits. OP's full retirement age is 67, so if claiming at 62, the benefit will be 70% of the age 67 number. At a glance, the age 67 number is well above the...
View ArticlePersonal Investments • Roth conversion with pretax or after tax money?
I am retired and want to Roth convert some money in my company's 401k account. Currently in that account, I have both pretax and after tax money. What are the pros and cons of converting either type...
View ArticlePersonal Investments • Re: Roth conversion with pretax or after tax money?
If by "after tax money" you mean your after-tax contributions, subject to plan rules, you can convert all of that without any tax obligation, but any growth tgat has occurred on those contributions...
View ArticlePersonal Investments • Re: Moving Rollover IRA into Current Employer's 401k
I'm confident the traditional IRA wasn't from post-tax contributions, and I'm 95% sure this is the case for the rollover IRA, but I looked at my online account at Vanguard and I couldn't find...
View ArticlePersonal Investments • Re: Would you sell equity with high gains to pay...
That's silly absolutist thinking that leads to poor financial decisions. There are plenty of times where it is patently obvious it is better to carry debt than pay it off (for example I'm picking up a...
View ArticlePersonal Investments • Re: By the hour financial advisor
They are call fee only advisor, and they do exists. You might have some limitation on minimum number of hours. Good ones like Rick Ferri may require over a year to book.Statistics: Posted by gavinsiu...
View ArticlePersonal Investments • Re: Large Inheritance a Decade Plus Away. Impact on...
I think rather than structuring your portfolio, perhaps it's better to work with your parents on their side. Your parent can gift you the money in their life time or setup a trust. It's probably not a...
View ArticlePersonal Investments • Getting re-started - seeking confirmation and advice
Hopefully, I get this right - first time poster, and short-time member, but excited to join the community! DETAILS:Emergency funds: Six months Debt: Mortgage Only - 3.5% ~$300K remainingTax Filing...
View ArticlePersonal Investments • Re: Should my Father cash out his IRAs?
If he is not planning to spend the money, he could convert to a Roth IRA instead of moving the funds to taxable. Heirs still get 10 years to withdraw all the funds from the Roth IRA, but they would...
View ArticlePersonal Investments • Buying TIPS with inflation going down
I am considering long term TIPS. 10 years most likely. I am 60 yrs old. Does it make sense to buy TIPS while we expect the inflation to go down in the short term of 4-5 years and then settle to the...
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Personal Investments • Re: Is this normal? 529 “age based track” off-track
The rebalancing typically occurs quarterly or bi-annually and not on the date when age changesThank you! This is helpful. I still wish I had rebalanced last month Who is the 529 provider?I’d rather...
View ArticlePersonal Investments • Re: So do I change my thoughts
What is to be the purpose of an annuity? Is it for the purpose of accumulating funds at a higher rate than CDs? Then a multi year guaranteed annuity (MYGA) might be a good choice. Or is it for the...
View ArticlePersonal Investments • Re: Wash Sell Question? Sell IYW(loss), Buy XLK for...
Thanks, that's good news... Just sell IYW losses so you should just be willing to hold both funds indefinitely — thus holding two funds instead of one indefinitely — because it's possible the XLK...
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