$50,000aw82 wrote:30 years of contribution: $150,000
Taxes paid on contributions: $37,500 (assume 25% marginal over the course of career)
I don't know what a Roth conversion pipeline is.ShimmyShuffle wrote:I'm going to need to read up on the pro rata rule and back door Roth, but would this also cause complications for a Roth conversion pipeline? Are the back door and the pipeline the same thing, similar or completely different?
The form is easily had from the Vanguard website. Click on Forms on the homepage and then click on Remove yourself as custodian from a UGMA/UTMA.animule wrote:I called Vanguard and they sent me some forms
How is that apparent? I don't see the word "liquidate" on the form. Can you point it out?animule wrote:the UGMA fund would apparently be liquidated
When did you hear "liquidate"? In what context and from whom? The form is quite clear on transferring assets. It uses vocabulary like "transfer of shares". Is it possible you have the wrong form?animule wrote:When I hear "liquidate"
Your maximum 401k contribution is sufficient to drop you into the 25% bracket.SVT wrote:Tax Rate: 28% Federal, 7.75% State
State of Residence: MD
Company match? 10% automatic contribution of base salary
New annual Contributions
$17500 his 401k + 11000 employer contribution