Roth

Is Retirement A Good Time For Roth Conversions?

Nov 15 2023

If you have cash on hand at retirement, a multi-year Roth conversion strategy is worth considering depending on your asset mix and other factors....

forbes.com

Can High Earners Fund a Roth IRA Without Paying More Tax? - 455

Nov 14 2023

Steve & Sharon in Minnesota are high earners - can they get more money into their Roth IRA without paying more tax? Should Fred in western New York do Roth conversions before required minimum dist...

purefinancial.com

How Should I Pay Taxes on My Roth Conversions?

Nov 08 2023

“You do not rise to the level of your goals; you fall to the level of your systems.” James Clear I’ve been focusing on building up my systems lately and today I’ll provide you ...

rogerwhitney.libsyn.com

Roth 403b vs Roth IRA

Nov 07 2023

As of areport in 2021, nearly 6 in 10 U.S. hospitals are nonprofit. If you’re one of the many workers ... Read more...

physicianonfire.com

5 Steps To Become A Roth IRA Millionaire

Nov 07 2023

Take these 5 simple steps to become a Roth IRA millionaire. Given enough time anyone can become a ROTH IRA Millionaire....

forbes.com

Millionaire

Is Your Portfolio Big Enough to Benefit From Roth Conversions?

Nov 07 2023

What are the benefits of Roth conversions in retirement planning? James addresses questions about when Roth conversions become worthwhile. This episode explores key factors: Changes in tax bracket Spo...

buzzsprout.com

Portfolio

Managing MAGI tradeoffs: ACA subsidy v. Roth conversions

Nov 07 2023

The following post applies to U.S. pre-medicare taxpayers who need to buy health insurance. Can anyone recommend some calculators, books, or websites to optimize modified adjusted gross income (MAGI) ...

reddit.com

Is It Ever a Good Idea to Over-Fund a Roth IRA?

Oct 26 2023

Today, we talk about if it is reasonable to use 457(b) money to help fund your child's college education, how to do a 401(k) rollover and then how to rebalance it, if it makes sense to do Roth contrib...

whitecoatinvestor.com

10% Penalty Applied to Roth Conversion? Maybe

Oct 25 2023

Photo credit: jb In general, when you withdraw funds from an IRA prior to age 59½, your withdrawal is subject to both income tax and the 10% early withdrawal penalty. The 10% penalty is waived ...

financialducksinarow.com

Pretax vs Roth- Which is Better for You If You're in the 24% Tax Bracket?

Oct 24 2023

If you're in a high tax bracket now and expect to remain in a high tax bracket after retirement, should you prioritize pre-tax retirement accounts or Roth retirement accounts for individuals? James an...

buzzsprout.com

Navigating Pre-Tax vs Roth Retirement Accounts: A Guide to Smart Financial Planning

Oct 24 2023

buzzsprout.com

There’s never been a better time to convert to a Roth

Oct 23 2023

Do you have a traditional IRA or 401K? Have you considered converting your retirement accounts into a Roth, but aren’t clear about the advantages? Outlined below are the most important benefits ...

bossretirement.com

The Mega Backdoor Roth IRA: A Comprehensive Guide (2023)

Oct 21 2023

Physicians often have high incomes, which can make them ineligible to contribute to Roth IRAs directly. Luckily, there is another ... Read more...

physicianonfire.com

The Golden Age of Roth Conversions

Oct 12 2023

Do you want to avoid future regrets? I’m no prophet, but I suspect I know a regret that many Baby Boomers will have in the coming decades. That regret? Their […] The post The Golden Age of...

theretirementmanifesto.com

401k with catch up and additional (Roth) IRA?

Oct 04 2023

Hello-I’m over 50 so I am allowed to add an additional $7500 a year to the $22500 a year maximum 401k contribution. I am deducting the max 30k a year from my paycheck. Can I also open a Roth IRA...

reddit.com

How to Model Roth Conversion Strategies in the NewRetirement Planner

Mar 24 2023

The decision to save into a Roth account or to convert money from a traditional IRA or 401(k) into Roth savings is not straightforward. There are a large number of criteria to consider and ultimately,...

newretirement.com

How To

Backdoor Roth Step by Step Walkthrough

Mar 18 2023

What is a Backdoor Roth? Roth IRA’s are pretty cool. Money contributed into a Roth IRA will grow tax free and in retirement you will be able to withdraw the full amount including growth tax free...

andrenader.substack.com

The Case for a Roth for Individuals in High Tax-Brackets

Mar 18 2023

The Case for a Roth for Individuals in High Tax-Brackets If you read the title of this post and are confused, I don’t blame you. When investors are taught about using a Roth vs Traditional IRA, ...

reddit.com

Newbie Retiree: Cost Basis Missing for Regular IRA Account What Documentation Needed for Rolling Over to Roth IRA?

Mar 16 2023

Retired unexpectedly early due to COVID in 2021. Have 3 IRA accounts: (1) Roth IRA; (2) Regular IRA; (3) SEP-IRA. Unfortunately, I have very hazy cost-basis info. First, Roth IRA gains are considered ...

reddit.com

Funding a spousal Roth IRA for a married retired man

Mar 16 2023

Hello everyone. My father is set to retire at age 75. The issue is he has a TIAA retirement account which is like a 401k but not quit. It's a retirement account from a university. It seems to be somet...

reddit.com

Retired

Pension & Roth IRA?

Mar 15 2023

Wondering if anyone has a pension & a Roth IRA account. Is it worth it? Is it too much? My company offers a pension that they pay in to, no cost to me. Our package is currently $70/month/year of s...

reddit.com

Pensions

Can you contribute jan 1st to a roth ira if you haven't made the 6,500 yet but expect to for the year 2023?

Mar 15 2023

I'm in CA here if that makes a difference. submitted by /u/Sorakairi89[visit reddit] [comments]...

reddit.com

What should I chose? Im just starting my roth IRA today and am planning on putting in $100 per month what should I invest in?

Mar 13 2023

submitted by /u/MyNameNickk[visit reddit] [comments]...

reddit.com

I have my own Roth IRA and my companies Roth 401k, how should I contribute?

Mar 13 2023

I’m just coming up on year one at my newish job. Decent pay (70k but a raise is in the works in the next two months that is negotiable). I’m currently 30M. Currently have about 15k in Roth...

reddit.com

401k vs Roth 401k how to decide?

Mar 11 2023

Im hoping to get some clarity on deciding. The usual advice i see is if you think youll be in higher tax bracket in retirement then go roth, if same tax bracket it doesn't matter and if lower tax brac...

reddit.com

How To

Is Roth IRA enough

Mar 11 2023

I'm 33 years old and just recently started saving for retirement. Maxed out my Roth IRA last year( put it all into VOO on vanguard) and will max it out again this year, but I have no 401k at my job an...

reddit.com

Roth eligibility?

Mar 08 2023

Can someone tell me what the limit is for being able to contribute to a Roth IRA? I’m not sure if I make too much or what the limits and rules are. Thanks for your help! submitted by /u/RedStar-...

reddit.com

Backdoor Roth IRA 2023 A Step by Step Guide with Fidelity

Mar 07 2023

In 2023, I made my eleventh pair of “backdoor Roth” IRA contributions. It’s a great way for high-income professionals to ... Read more...

physicianonfire.com

I need to decrease my taxable income or else I need to payback my Health Insurance Premium Tax Credit. How can I turn my Roth IRA to a traditional IRA for 2022?

Mar 06 2023

I funded my Roth IRA for 2022 back in January 2022. Can I take that money out? And then add it to my traditional IRA? How does Vanguard know that I'm taking the money out for 2022 so that I can put th...

reddit.com

Ask an advisor: Am I too rich for a Roth IRA?

Mar 03 2023

...

financial-planning.com

Advisors

Roth IRAs, 401(k)s and 529s

Mar 02 2023

We always know when it is the beginning of the year, because we get so many questions about retirement accounts and everything related to them. This episode answers more of your questions about employ...

whitecoatinvestor.com

The Marginal Value of the Backdoor Roth. Is it Worth the Trouble? - Physician on FIRE

Mar 02 2023

The backdoor Roth is touted as an important, no-brainer move for a high-income investor to make. This post explores the marginal benefit of doing so....

physicianonfire.com

Fire

Backdoor Roth IRA 2023: A Step by Step Guide with Vanguard - Physician on FIRE

Mar 01 2023

A step by step guide that shows you how to successfully complete a Backdoor Roth IRA contribution via Vanguard in 2023 (for a mutual fund or brokerage IRA)....

physicianonfire.com

Fire

Contribute to 401k or Roth 401k?

Feb 27 2023

Should I be contributing to my 401k or Roth 401k? My employer offers both and I currently contribute 4% to the Roth 401k and 3% to my 401k. Should I go full Roth? Currently make $135k/yr and anticipat...

reddit.com

529 plans get a boost with tax-free rollovers to Roth IRAs

Feb 24 2023

Thanks to the SECURE 2.0 Act, you’ll soon be able to roll over funds from your 529 into a Roth IRA, as long as certain conditions are met. Here’s what you need to know about the new change...

kiplinger.com

Planning

Roth IRA income ceiling exceeded - looking for other tax advantaged options.

Feb 24 2023

This year was the first year where we exceeded the income ceiling for being able to contribute to a Roth IRA. Of course, I didn't know that that would be the case until well after I'd already made my ...

reddit.com

The Changes to Roth Accounts Because of Secure Act 2.0

Feb 15 2023

[Editor's Note: Today is the day that could change the lives of every medical and dental student reading this. Beginning at 6pm MT, WCI founder Dr. Jim Dahle and StudentLoanAdvice.com co-founder Andre...

whitecoatinvestor.com

Robinhood Roth IRA vs Acorns

Feb 12 2023

I want to clarify that the Robinhood Roth IRA is the better option when compared to the Acorns Roth IRA. From what I understand, Robinhood offers 1% matching and no monthly fee. Acorns does not match,...

reddit.com

Taxing of Roth accounts in the future

Feb 12 2023

If this does not belong here.. Dump it. Not meant to be politically based. What are the chances that the Fed’s start taxing Roth accounts like they do Social Security Payments? How would / could...

reddit.com

Pre-tax vs. Roth 401(k): Deciding which to use for retirement is trickier than you think

Feb 11 2023

The choice between pre-tax and Roth 401(k) contributions may be trickier than you expect, financial experts say. Here's what to know....

cnbc.com

Backdoor Roth for 2022 and 23 Question

Feb 10 2023

Learned that deadline to convert from Traditional to Roth for 2022 tax year was Dec 31, 2022. If one was to contribute now for 2022 as a Traditional IRA, can that all be converted into a Roth IRA when...

reddit.com

Question on over-contributing…

Feb 09 2023

Hello!! Sorry, I’m new to this but I currently have a simple IRA from my employer, and a ROTH IRA that I max out every year. I understand that traditional and Roth IRA contributions are not to e...

reddit.com

The 4% Rule

Feb 09 2023

I see a number of people working very hard and saving in a 401(k) or IRA (or Roth IRA). Are you aware of the 4% rule? Have you spoken to your advisor about it? Google ‘The Trinity Study’ a...

reddit.com

Advice for your younger self

Feb 07 2023

I’m a 51 yo . I have 401K with $228,000. I earn $110,000-120,000 a year. Save 13% plus employer matches 100% up to 6%. I also max out my Roth. For January total invested between 401k, employer m...

reddit.com

Roth IRA

Feb 07 2023

I will be 70 later this year and working part time. I opened a Roth account late last year because I had already maxed out my 403B. I thought it would help taxwise, I was wrong. I found out in January...

reddit.com

Roth IRA yearly reset

Feb 05 2023

You can contribute $6000 per year to your Roth IRA, but when does that “year” reset? Is it calendar year, meaning it resets in January? submitted by /u/AtuinTurtle[visit reddit] [comments]...

reddit.com

Roth IRA invested in TDF - Pros and Cons

Feb 04 2023

I know taken into account how much is invested and the glide path tends to be more conservative shifting to bonds down towards retirement. Anything else to be aware of? submitted by /u/Ok_Assignment41...

reddit.com

7 Best Roth IRA Accounts of 2023

Feb 03 2023

The oldest millennials are now in their 40s, and many are way behind in retirement savings. Fortunately, there's time to turn things around....

money.com