New answers tagged roth-ira
1
vote
Accepted
Do Transaction Fees Count Towards Roth IRA Contribution Limit?
No - the money you put in the IRA counts as contributions. Fees charged within the IRA, as well as gains and dividends, do not count.
For example, If you put the maximum amount ($7,000 for 2024) into ...
- 130k
1
vote
Accepted
Interest accrued before backdoor roth ira conversion
This:
you have to convert the whole thing to keep your backdoor roth strategy working in future years
is an over-simplification.
You don't want large amounts of money in your Traditional accounts if ...
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4
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Interest accrued before backdoor roth ira conversion
Not sure I understand your confusion. If you don't want to deal with prorating the conversions, you need to convert the total balance of your traditional IRA.
Say you had $0 in traditional IRA, and ...
- 166k
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What is the correct Formula for calculating fund growth with fees
The results in the article quoted can be calculated as follows.
With
s = future value
a = periodic deposit
n = number of periods
r = periodic rate
Setting the future value s equal to the sum of the ...
- 9,677
4
votes
Accepted
What is the correct Formula for calculating fund growth with fees
In simplest terms, if the fee is a percentage, you can subtract it directly from the percentage yield. That is, a fund with a 1% fee and 8% yield will be no better for you as an investor than a fund ...
- 42.9k
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