I'm going to look into opening an IRA with Vanguard, thanks a lot Paul!
Epsilon Delta wrote:On the other hand following this to its logical conclusion TSM could be a partial wash sale with any stock.
inbox788 wrote:Yes, what goes down must come up.
lifebeckonss wrote:I am thinking of changing it such that the SCV goes in Roth, and only Total Stock and Total Intl. remain in taxable. Better for both tax efficiency and ease of TLH I think.
kaneohe wrote:Possibly you may be mixing up different concepts.
1)For the child to own the Roth, he/she would need to have earned income to make the contribution.
2) If the child is simply the beneficiary of the Roth, he/she does not need to have earned income.
Gemini wrote:Thanks rhusky.
I don't want to mess this up, so is there a step by step guide on how to do this.
gtt561 wrote:rkhusky wrote:Do you have a Roth option in your 457(b)? If so, some of the discussion may still be useful.
No, I do not have a Roth option.