All Questions
Tagged with retirement-plan roth-ira
21 questions
1
vote
3
answers
175
views
How would you balance this scenario?
I have two jobs, one is in the private sector (access to 401k) and one is in the public sector academia (access to 401b/453b) and my wife has a private sector job (access to 401k) and both of us of ...
- 1,481
5
votes
1
answer
290
views
"High Income Earner" savings / investment options
After 7 years in my profession, I'm finally in a high paying position. I was reminded recently that I needed to be "accumulating wealth", which got me to reading articles. One of the things ...
- 173
3
votes
1
answer
333
views
I contributed to my and my spouse's Roth IRA when she was unemployed. Now she has a job and we will exceed the income limit. What to do?
Back in January 2021, my spouse was unemployed and our joint income for 2021 was (expected to be) less than $198,000. Thanks to that, I contributed $6,000 to my own Roth IRA and
$6,000 to the Spousal ...
- 133
30
votes
6
answers
5k
views
Is a Roth IRA good for a high schooler?
I am a high-school Senior who will not earn enough income working this summer to have to pay income taxes. I have a full ride to college, so I was thinking of using my earnings/savings for retirement. ...
- 403
1
vote
1
answer
304
views
What is a Mega Backdoor Roth IRA?
The so-called "Mega Backdoor Roth IRA" was coined in the following article in 2014:
I don’t hear about new ideas very often, but here is one that a few people might find very useful. I call it the “...
- 131
1
vote
2
answers
149
views
basic retirement planning for someone middle-aged
I'm in my early 40s and haven't done anything for retirement yet. I do own some property which I plan to sell later this year, and I'm planning to use the proceeds to plan for retirement. The proceeds ...
- 11
2
votes
1
answer
165
views
Should I Contribute to my roth 403b or roth IRA?
I currently have a Roth IRA Account I started a few years back when I was in college. Only have like 1300$ in it now. I started a full-time job now and I have a 403b plan. The thing is, I will not be ...
- 521
1
vote
4
answers
206
views
Moving my Roth IRA to a different Roth IRA custodian
I currently am funding a 403b but it is Roth Basic from my employer. I also have a Roth IRA from Vanguard that only has 1300$. Does the Roth that I put into the 403b count towards that 5500$? And or, ...
- 521
2
votes
2
answers
298
views
Roth 401(k) compared to Roth IRA
Is there any benefit to investing in a Roth 401(k) plan, as opposed to a Roth IRA?
I currently have a 401(k) plan at work that has a (very generous) 6% salary match on contributions, with no vesting ...
- 2,755
33
votes
5
answers
9k
views
Why is half of your IRA Required Minimum Distribution forfeited if you do not make minumum withdrawals by 70.5 years of age?
I do not understand this rule: "IRA confiscates half of your account if you do not make your withdrawals by 70.5 years of age".
Why? What does it mean to make withdrawals? Just to request your money ...
- 693
1
vote
4
answers
663
views
Should I switch to a new IRA custodian?
My wife and I each have a small Roth IRA that we started through our Northwestern Mutual financial advisor. All of the money is invested in American Funds American Balanced Fund-A (ABALX). There is ...
- 11
2
votes
1
answer
239
views
20 years old, Roth IRAs how they work
I am 20 years old, I make around $30K a year, this is just an entry job so I hope to be making more in a few years. I was researching Roth IRA's and I was just a little curious how they work, and if ...
- 23
1
vote
3
answers
187
views
Td Ameritrade Roth IRA question
I recently opened a Roth IRA at Td Ameritrade. I'm making regular deposits but haven't chosen a fund. I don't want to pay a fee, or cost to trade what are my options? It's overwhelming looking at ...
- 11
2
votes
2
answers
1k
views
Good/Bad idea to have an ETF that encompasses another
In my free time I'm trying to decide what/how/where I'm going to diversify my Roth IRA portfolio. I'm saving right not but haven't actually opened the account. My question is, is it a bad idea to buy, ...
- 745
2
votes
2
answers
214
views
Is it possible to have multiple retirement accounts?
Can an individual have separate traditional IRA, roth IRA, 401k, roth 401k etc...? Assuming they somehow have the income to put into them, and yet are still eligible to have such accounts?
If not, ...
- 207
4
votes
1
answer
130
views
Am I eligible to contribute to Roth IRA in 2015
I had a question with regards to the ability to contribute to Roth IRA. My current scenario is
I had a 401K with my previous employer ( in 2014. no contributions made since. I have not rolled it over ...
- 257
5
votes
2
answers
299
views
Future viability of Roths
In the spirit of this question, now 4 years later, I'd like to know if there are any concerns with the future "security" of Roth accounts.
I'm currently maxing out mine and my spouse's Roth and ...
2
votes
3
answers
756
views
Limitations of the 401(k) to Roth IRA conversion escape hatch
I'm currently planning on retiring before the 59 1/2 year old milestone where 401k's and IRA's become accessible penalty free. One workaround I've heard of to access your retirement funds early is to ...
- 633
4
votes
1
answer
212
views
403(b) and ROTH IRA contribution and rollover
My current employee offers a 403(b) with a Roth option. I also have a Roth IRA.
The Roth IRA has a lower annual contribution limit than the 403(b).
I have some questions regarding contributions.
...
- 151
5
votes
1
answer
178
views
Fund Roth IRA for previous year after filing taxes
I've filed my taxes for 2013 already and my wife and I have received our refund. We are under $181,000 MAGI for 2013 and expect to be below it in 2014. I have a work sponsored 401k retirement plan, ...
- 357
8
votes
2
answers
457
views
What, if any, IRA options are permitted with my high salary?
I am single, and make more money (more than $200k) than any of the limits I've seen for contributions or deductions for either Roth or traditional IRAs. My employer has a 401k plan.
I currently do ...
- 2,974