Roth

Income

Retirement Investing, Roth Conversion Pros & Cons: YMYW Best of 2023 - 463

Jan 09 2024

We’re revisiting your favorite Your Money, Your Wealth topics and Derails of 2023 in this Roth and retirement investing mega-episode. Safe investing when you’re risk averse, mutual funds v...

purefinancial.com

Investing

The Backdoor Roth IRA When Life Is in Flux (and Why to Beware a Contribution in January)

Jan 08 2024

By Dr. Tyler Scott, WCI Columnist As the daylight fades ever earlier and the hushed softness of newly driven snow quiets the world around me, I, in only the second winter of my newly blossomed financi...

whitecoatinvestor.com

Roth & Retirement Spitball, Insurance, and the Origins of YMYW - 461

Dec 26 2023

Spitballing on early retirement and Roth conversions to finish 2023. How can Jack and Diane (no, the other, other Jack and Diane, these are the ones in Rochester, MN) bridge the gap to retirement at a...

purefinancial.com

Insurance

Roth IRAs Are NOT a Bad Investment

Dec 25 2023

Today, Dr. Jim Dahle debunks an article recently published titled “Why a Roth Is a Bad Idea ( Yes, You Can Lose Money).” He spends time educating on why a Roth is a fantastic place to put ...

whitecoatinvestor.com

deposit in a Roth or traditional IRA for F61yo

Dec 23 2023

My wife (who does not work, used to but not in the past 10 years) has a traditional IRA in addition to a Roth IRA. We are going to deposit $7500 for 2023 into one of these accounts and wondered which ...

reddit.com

Mostly retired. Make sense to contribute to our Roth IRAs for 2023

Dec 21 2023

My husband (61) is 100% retired. I'm (62) mostly there but did work part time for half the year so have earned income. Is there any reason we absoluteely should (or should not) contribute to our Roth ...

reddit.com

Retired

How to Invest: Bonds, CDs, and Roth Conversions - 460

Dec 19 2023

Joe and Big Al spitball on investing in index funds, bonds, CDs, treasuries, annuities, net unrealized appreciation on company stock, and where to park cash right now. Plus, how do taxes, Roth convers...

purefinancial.com

Fidelity Roth Conversion: Why, and Step-by-Step Instructions

Dec 14 2023

One of the advantages of reduced income due to leaving my full-time career is the opportunity to execute a Fidelity Roth conversion. Roth conversions allow investors to transfer money from a 401(k), t...

retirebeforedad.com

Am I Ok to retire at 67? Will I have to work? I live frugally.

Dec 14 2023

Im 56 have $490k in a Roth, $60k in Traditional IRA will collect $1299 in pension in 10 years with an estimated $3900 a month in SS in 10 years. $75k in savings. Can I retire in 10, or will I have to ...

reddit.com

Custodial Roth IRA: Is It Right For You?

Dec 05 2023

Custodial Roth IRAs have become popular for parents looking to help their children build their savings. These accounts offer a ... Read more...

physicianonfire.com

How I Failed and Then Mastered the Backdoor Roth IRA

Dec 05 2023

By Dr. Rikki Racela, WCI Columnist The founder of this website is often baffled by the amount of questions/grievances/headaches that WCI followers face when attempting the Backdoor Roth IRA. It seems ...

whitecoatinvestor.com

Worth contributing to a Roth in late 50s?

Dec 05 2023

I'm (f57) am considering opening Roth accounts for me and my husband (60). I'm maxed out on my 401(k) and plan on being in a lower tax bracket when we retire. We're not eligible for a traditional IRA,...

reddit.com

Is It Time To Convert Your IRA To A Roth?

Dec 03 2023

If you have a big wad in a pretax IRA, sit down with your accountant now....

forbes.com

How to calculate amount for Roth Conversion

Dec 02 2023

Hello. I would like to do a Roth conversion this year (first time). Is this as simple as withdrawing up to the amount that puts me at the top of the tax bracket I am in without the conversion? Thanks ...

reddit.com

Calculators

How To

Roth 401(k) vs Roth IRA

Nov 28 2023

According to Becker’s Hospital Review, 74 percent of doctors are either corporate or hospital employees. As of a 2021 study, ... Read more...

physicianonfire.com

Roth IRA transferred to new brokerage, 5 year clock restarts?

Nov 28 2023

Had recently transferred my Roth IRA to a new brokerage firm. The original Roth was opened 10 years ago with yearly contributions. Does the 5 year clock for withdrawals restart in the new Roth IRA acc...

reddit.com

How do I find a tax advisor to guide me on IRA withdrawals and Roth conversions?

Nov 27 2023

I’m 65 and plan on retiring from full time employment in 26 months. I have a military pension, 900k in retirement savings (mostly in non-Roth, unfortunately), planning on drawing SS when I retir...

reddit.com

Why a Roth IRA Is a Bad Idea (Yes, You Can Lose Money)

Nov 17 2023

Have you ever been swept up in the wave of unanimous praise for something, only to later discover that nearly ... Read more...

physicianonfire.com

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

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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