Search found 4173 matches

by House Blend
Mon Aug 14, 2017 5:22 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey spends two segments on his investing advice
Replies: 65
Views: 6673

Re: Dave Ramsey spends two segments on his investing advice

From Zacks: Effect of Sales Fees Although the Financial Industry Regulatory Authority limits the size of the sales loads to 8.5 percent, such fees have a negative compounded effect on the investor's return from the point of the initial investment. For example, a 5-percent front-end load for a $10,0...
by House Blend
Mon Aug 14, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: When to pay estimated taxes on mutual fund distributions in December 2018?
Replies: 32
Views: 1785

Re: When to pay estimated taxes on mutual fund distributions in December 2018?

It's worth remembering that failing to meet a safe harbor need not be a big deal. For example, let's suppose you're in the OP's shoes. A big, unanticipated $6,500 cap gain distribution occurs in December 2018. As a result, you pay an extra $1000 in estimated tax on 1/15/19 that you had not planned f...
by House Blend
Mon Aug 14, 2017 10:24 am
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 396
Views: 54384

Re: Forum software upgrade bug reports and change requests

To give one current example, take the new icon that links to your Personal Messages. I still have no idea what symbolism the author had in mind, and hovering gave no additional clue as to the function. If you were giving me a Rohrschach test, I'd say it's a head-on view of a car. So, when I post in...
by House Blend
Mon Aug 14, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Vt Tax Dept. Notice of Intent to Assess - Audit
Replies: 6
Views: 797

Re: Vt Tax Dept. Notice of Intent to Assess - Audit

She will research the issue and get back to me by phone today. She sounded sympathetic to my idea that some IRS clerk had entered our business income twice on form 1040. I always wondered whether the IRS reads paper forms with OCR (optical character recognition) or whether a human reads the forms a...
by House Blend
Mon Aug 14, 2017 9:35 am
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 396
Views: 54384

Re: Forum software upgrade bug reports and change requests

I just think symbols instead of words is moving in the wrong direction. People who are not accustomed to this don't know what to do. When you tell people to "edit", you also have to add "use the pencil thing" in case they don't know. Now we have a quote symbol instead of a word, color, url, etc. Ye...
by House Blend
Mon Aug 14, 2017 8:38 am
Forum: Investing - Theory, News & General
Topic: Wealthfront now uses VTEB (Vanguard Tax-Exempt Bond) as its default muni ETF
Replies: 3
Views: 776

Re: Wealthfront now uses VTEB (Vanguard Tax-Exempt Bond) as its default muni ETF

Wealthfront is a robo-advisor that peddles TLH as a service. With VTEB and TFI listed as "primary" and "secondary", it looks like they do expect to TLH between these two. That has the potential to increase the entertainment value of tax filing for their shareholders, due to the rule about selling mu...
by House Blend
Fri Aug 11, 2017 7:53 pm
Forum: Personal Consumer Issues
Topic: Harry Bosch: the Amazon Series vs the novels
Replies: 47
Views: 2233

Re: Harry Bosch: the Amazon Series vs the novels

Now that I am done with all the seasons of Bosch, what next? Any suggestions for a quality show? Have watched all of Wallamder, and all of Luther. Would like a good show series that doesn't have too too many episodes overall as I do not want to start in on a 60 episode show. Try "The Killing" or "H...
by House Blend
Fri Aug 11, 2017 8:50 am
Forum: Investing - Theory, News & General
Topic: "When's the Right Time to Take RMDs?" – (Christine Benz's Latest Column)
Replies: 34
Views: 4208

Re: "When's the Right Time to Take RMDs?" – (Christine Benz's Latest Column)

But how about the timing of RMDs in a given year? Are you better off taking your distribution at the beginning of the year, or at the end? Or should you take them throughout the year, the better to fund living expenses and cover quarterly estimated taxes? Sigh. This is massively unimportant. Aside ...
by House Blend
Thu Aug 10, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds and Taxes.
Replies: 24
Views: 1503

Re: Muni Bonds and Taxes.

As I recall, a cap loss on muni bond funds held less than 6 months is non-deductible so be careful if you TLH. Actually, the Bogleheads looked into this and we ultimately came to the conclusion that is not so! Truly one of the highlights of the forum. If your municipal bond fund is accruing interes...
by House Blend
Thu Aug 10, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds and Taxes.
Replies: 24
Views: 1503

Re: Muni Bonds and Taxes.

Long-term capital gain distributions can be offset against any losses generated by a sale; short-term capital gain distributions cannot and must be counted as taxable income. If you have capital losses, can't short term losses or remaining long term losses be used to offset short term gains? And th...
by House Blend
Thu Aug 10, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA-CREF allocation mix? Diversify or lowest ER?
Replies: 16
Views: 800

Re: TIAA-CREF allocation mix? Diversify or lowest ER?

...Make about $75k, mandatory 5% contrib from me but then they match 10% (so an extra $7k per year on the match). I also have a supplemental account I opened that I have tossed ~$2k in per year after I max my Roth out to further lower my tax burden a bit. I had a very similar plan for 40 years. Tha...
by House Blend
Thu Aug 10, 2017 1:17 pm
Forum: Investing - Theory, News & General
Topic: Does VG Compound Interest?
Replies: 12
Views: 1137

Re: Does VG Compound Interest?

In case the horse hasn't been beaten to death yet... Interest payments, new contributions, and bonds sold before maturity are simply more fodder for the management of a fund. It all gets redeployed (net of expenses) one way or another. They don't literally set aside cash daily for accrual whether th...
by House Blend
Thu Aug 10, 2017 1:10 pm
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 8081

Re: 4% Rule has changed.....not

Actually, if we treat 'cash' as T-bills, it can actually be a very effective asset. Historically, that's usually kept you about even with inflation or slightly better. Agree. Not sure if retail investors had easy access to T-bills in 1966 though. Not disagreeing just don't know. They seemed to all ...
by House Blend
Thu Aug 10, 2017 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds and Taxes.
Replies: 24
Views: 1503

Re: Muni Bonds and Taxes.

As I recall, a cap loss on muni bond funds held less than 6 months is non-deductible so be careful if you TLH. Actually, the Bogleheads looked into this and we ultimately came to the conclusion that is not so! Truly one of the highlights of the forum. If your municipal bond fund is accruing interes...
by House Blend
Thu Aug 10, 2017 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA-CREF allocation mix? Diversify or lowest ER?
Replies: 16
Views: 800

Re: TIAA-CREF allocation mix? Diversify or lowest ER?

NOTE: While the ideal option is probably invest all of my funds here in low ER SP500 fund and then use my Roth at Schwab for small caps, intl, bonds, etc., I'm trying to keep every account equally diversified for the time being until I figure out my current/next job situation. I don't see much poin...
by House Blend
Thu Aug 10, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: TLH Partner?
Replies: 5
Views: 419

Re: TLH Partner?

I recently sold some COLTX - Columbia Tax Exempt Fund for a loss If you're running short on things to worry about :twisted:, here's something: If any of your shares of COLTX sold at a loss were held for 6 months or less, then the loss you can claim might be reduced. It depends on how the fund manag...
by House Blend
Thu Aug 10, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds and Taxes.
Replies: 24
Views: 1503

Re: Muni Bonds and Taxes.

Help me to understand Muni Bonds and taxes. So when you put money into say a state specific CA Tax Exempt Muni Bond fund via a taxable account. You pay neither Federal nor State taxes on the income, correct? But when you withdraw the money from the fund you will have to pay capital gains taxes eith...
by House Blend
Wed Aug 09, 2017 8:58 pm
Forum: Investing - Theory, News & General
Topic: Why do graphical comparisons of mutual fund trailing returns change with the length of the time horizon?
Replies: 18
Views: 1274

Re: Why do graphical comparisons of mutual fund trailing returns change with the length of the time horizon?

OK. It appears that Yahoo Finance has restored the availability of adjusted closing prices. So I downloaded monthly data (first trading day of each month) for the entire history of three funds: VTSMX = Total Stock Market VEXMX = Extended Markets Index (effectively a Mid Cap Blend Index) VISVX = Smal...
by House Blend
Wed Aug 09, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Need help understanding TIPS funds
Replies: 15
Views: 1307

Re: Need help understanding TIPS funds

IMO it's not a good idea to think that because you have (say) 10% allocated to a TIPS fund, you now are protected from inflation. What you have instead is a portfolio slice that will react to market conditions (especially unexpected inflation) in ways different from the way your other bonds react. ...
by House Blend
Wed Aug 09, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: Why do graphical comparisons of mutual fund trailing returns change with the length of the time horizon?
Replies: 18
Views: 1274

Re: Why do graphical comparisons of mutual fund trailing returns change with the length of the time horizon?

I think something even better than a "Growth of $10,000" chart would be a "Cost of $100,000" chart. Would love to see that be a clickable option at morningstar (or even better, the default). The right hand endpoint of such a chart would be today's date (or whatever endpoint is selected), with a val...
by House Blend
Wed Aug 09, 2017 10:53 am
Forum: Investing - Theory, News & General
Topic: news yesterday that Buffett has $100,000,000,000 in cash now
Replies: 62
Views: 7594

Re: news yesterday that Buffett has 100,000,000,000 in cash now

I read yesterday that Warren Buffett has now in cash $ 100,000,000,000. Berkshire Hathaway has $100M in cash ... not Buffet. Not the same thing. https://www.bloomberg.com/news/articles/2017-08-07/buffett-nears-a-milestone-he-doesn-t-want-100-billion-in-cash I hate to break it to everyone in this th...
by House Blend
Wed Aug 09, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Bond Fund Piñata
Replies: 27
Views: 2975

Re: Bond Fund Piñata

BTW, I noted something in the BH Wiki (Capital Gains Distribution) that seems to give an incorrect impression. It states that the long-term CG rate is 0% for those in the 10% or 15% ordinary income bracket. Actually the only part of the long-term CG that is taxed at 0% is any difference between ord...
by House Blend
Tue Aug 08, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Need help understanding TIPS funds
Replies: 15
Views: 1307

Re: Need help understanding TIPS funds

^As long as the ER is very low, I don't have a problem with owning an actively managed fund in a tax-advantaged account where distributions are not taxable events. I definitely don't think trading in and out of TIPS or a TIPS fund is a good idea for individual investors unless they are willing and a...
by House Blend
Tue Aug 08, 2017 12:04 pm
Forum: Investing - Theory, News & General
Topic: New Wiki page: the Telltale Chart => feedback?
Replies: 55
Views: 3063

Re: New Wiki page: the Telltale Chart => feedback?

siamond wrote:Mind sharing a pointer to one of those threads of yours, so that we discuss this interesting idea in the proper context?
It wasn't a thread that I originated, but here's the first one I found after googling:
viewtopic.php?f=10&t=200057
by House Blend
Tue Aug 08, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Need help understanding TIPS funds
Replies: 15
Views: 1307

Re: Need help understanding TIPS funds

It's not an index fund. On the other hand, there's only so much active management one can do when you are (mostly) trading in only one type of US Gov. Security. For example, In light of these market crosscurrents, and based on our expectation of a rise in inflation and interest rates, we continue to...
by House Blend
Tue Aug 08, 2017 10:41 am
Forum: Investing - Theory, News & General
Topic: New Wiki page: the Telltale Chart => feedback?
Replies: 55
Views: 3063

Re: New Wiki page: the Telltale Chart => feedback?

siamond, Slightly OT, but let me put in a plug for an improved approach to charting. I've proposed it a couple of times before in old threads about charts and garnered absolutely no response.... The first iteration of the idea is that one should replace "Growth of $10,000" charts with "Cost of $100,...
by House Blend
Mon Aug 07, 2017 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: How or if to use TIAA annuity
Replies: 32
Views: 1843

Re: How or if to use TIAA annuity

That hits at my next question, she has a variety of plans available. The differences aren't clear to me. This account in question has: 1) TIAA Traditional Annuity - Group Retirement Annuity 4% 2) TIAA Traditional Annuity - Retirement Annuity 4% In another account the options are: 1) TIAA Traditiona...
by House Blend
Fri Aug 04, 2017 2:43 pm
Forum: Investing - Theory, News & General
Topic: offsetting ST gains - am I making this too complicated?
Replies: 23
Views: 1298

Re: offsetting ST gains - am I making this too complicated?

Only in unusually rare circumstances should one have to think about harvesting long-term losses. That hasn't been my experience. Ex.: Here are the prices I've sold VTIAX at: Dec 2011: $21.89 Oct 2014: $25.84 Aug 2015: $24.80 Sep 2015: $23.59 Feb 2016: $21.34 Substantial portions of the sales from 2...
by House Blend
Fri Aug 04, 2017 2:09 pm
Forum: Investing - Theory, News & General
Topic: offsetting ST gains - am I making this too complicated?
Replies: 23
Views: 1298

Re: offsetting ST gains - am I making this too complicated?

and the holding period is altered to match the holding period of the shares sold. So, if you harvest Long Term Losses and then trigger a wash sale, those wash sale shares (after the price adjustment) would automatically be adjusted to Long Term Gains? Yup, once you sell them. Ain't our tax code mar...
by House Blend
Fri Aug 04, 2017 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: 3 year age difference between spouse & conversion
Replies: 17
Views: 1084

Re: 3 year age difference between spouse & conversion

Regarding your specific situation, the top of the 25% tax bracket in 2017 is $153,100 in taxable income. That is about $20,000 less than the gross income amount if you are taking a standard deduction. So you do have some headroom, not much, to do Roth conversions and stay with the same tax bracket....
by House Blend
Fri Aug 04, 2017 11:01 am
Forum: Personal Consumer Issues
Topic: Delta priority boarding - first timer
Replies: 80
Views: 5703

Re: Delta priority boarding - first timer

Nate79 wrote:The only difference between Zone 1 and Zone 2 and 3 is you will for sure be able to find space for your carry on

Bingo.

My two most important priorities for air travel are

1. Nonstop flights.
2. No checked baggage.

So I'm happy to pay an extra $10 for Zone 1 to insure the feasibility of #2.
by House Blend
Fri Aug 04, 2017 10:31 am
Forum: Investing - Theory, News & General
Topic: offsetting ST gains - am I making this too complicated?
Replies: 23
Views: 1298

Re: offsetting ST gains - am I making this too complicated?

Yes, I hesitated to even say TLH, because I think that my confusion was (and still is) in something even more basic: Can a wash sale completely disallow me from netting my gains against my losses on the Schedule D? If so, what happens to those losses? If a partial wash sale does occur for some reas...
by House Blend
Thu Aug 03, 2017 4:37 pm
Forum: Investing - Theory, News & General
Topic: offsetting ST gains - am I making this too complicated?
Replies: 23
Views: 1298

Re: offsetting ST gains - am I making this too complicated?

I am willing to change my habits, and would be interested to hear your suggestions. My overall portfolio (no longer theoretical) currently consists of a 3-fund portfolio laid out over a rollover traditional IRA (Total Stock, Total International, and Total Bond) and taxable account (Total Stock and ...
by House Blend
Thu Aug 03, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Buying taxable at Vanguard: 1 lot or 2?
Replies: 11
Views: 1154

Re: Buying taxable at Vanguard: 1 lot or 2?

I've decided to track my funds investments using a simple spreadsheet. Shall I add the specific ID to the spreadsheet, quick look on transaction history at Vanguard didn't show any "specificID" info, or is it just the settlement date as the identifier. The default at Vanguard is to use Av...
by House Blend
Thu Aug 03, 2017 11:10 am
Forum: Investing - Theory, News & General
Topic: offsetting ST gains - am I making this too complicated?
Replies: 23
Views: 1298

Re: offsetting ST gains - am I making this too complicated?

I would simply like to offset ST capital gains with ST capital losses in a taxable account. Note that if you have realized ST gains (and nothing LT), you can cancel them out with LT losses. Theoretical example (because we are trying to keep it simple here): I have positions of VTSAX in my IRA and i...
by House Blend
Wed Aug 02, 2017 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: Buying taxable at Vanguard: 1 lot or 2?
Replies: 11
Views: 1154

Re: Buying taxable at Vanguard: 1 lot or 2?

I have a small balance in my Federal MM settlement fund from dividends a month ago. I want to put $1000 with it to make an additional purchase of VTSAX. So I set up a transaction to move the $1000 into Federal MM. Then tomorrow I'll go back and move the entire MM amount into VTSAX. Would be nice if...
by House Blend
Wed Aug 02, 2017 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Using RMDS to fund expenses 100 pct
Replies: 3
Views: 472

Re: Using RMDS to fund expenses 100 pct

.At age 90 we would still have about half our IRAs with a 3 to 4 pct return over 20 years. How much inflation are you planning on? With 2.5% inflation, growth rates of 3% to 4% are 0.5% to 1.5% real. With a constant growth rate of 1% real, your RMDs will start to decrease in real terms at approx ag...
by House Blend
Wed Aug 02, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: how can we ensure our modified adjusted gross income stays under 186k
Replies: 8
Views: 1351

Re: how can we ensure our modified adjusted gross income stays under 186k

Can you guesstimate adjusted gross income from a leave and earning statement? What happens if we are investing in our ROTH IRA and our MAGI turns out to be more than $186k? You should be able to do a transfer of funds (direct assets, no selling/buying needed) from a Roth to a non-deductible IRA pre...
by House Blend
Wed Aug 02, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Do you hold your VG mutual funds with VG Group or VG Brokerage?
Replies: 19
Views: 1274

Re: Do you hold your VG mutual funds with VG Group or VG Brokerage?

I guess my thinking was more along the lines of the advantages of insurance and possibly custodianship, e.g. in what circumstances would it be SIPC coverage be of benefit for mutual fund owners? SIPC insurance for your Vanguard mutual funds is not a compelling reason to upgrade. In my non expert op...
by House Blend
Wed Aug 02, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: What do you do when you need access to money in an investment account?
Replies: 33
Views: 2807

Re: What do you do when you need access to money in an investment account?

I agree with livesoft that this is one of the primary reasons one should tax loss harvest. (And of course, use Spec ID.) With enough banked losses, you can be indifferent to ST vs LT and simply sell the shares with the least gains. Without that, a typical dilemma might be $3000 LT gains vs. $2000 ST...
by House Blend
Wed Aug 02, 2017 10:06 am
Forum: Investing - Theory, News & General
Topic: How can VTMSX be tax efficient with 7% Real Estate
Replies: 8
Views: 838

Re: How can VTMSX be tax efficient with 7% Real Estate

Real Estate, as a sector, is more than just REIT. I took a quick look at the holdings. They do have a YUUGE position in VNQ (their REIT index). It's $175M or 3.3% of assets--the largest single position out of 595. The 2nd largest holding is $27M. The next security with REIT in the title, a health ca...
by House Blend
Wed Aug 02, 2017 8:44 am
Forum: Investing - Theory, News & General
Topic: Vanguard statement on how to calculate RMDs
Replies: 13
Views: 1475

Re: Vanguard statement on how to calculate RMDs

One can calculate the RMD on the balance if it has declined throughout the year, per the date of the distribution? I think you are misinterpreting DetroitRick's point. What he's saying is that if the previous year balance is 100, and the calculated RMD is 10, then you must withdraw 10 OR THE ENTIRE...
by House Blend
Tue Aug 01, 2017 3:40 pm
Forum: Investing - Theory, News & General
Topic: 2016 Relative Tax Efficiency
Replies: 47
Views: 7439

Re: 2016 Relative Tax Efficiency

^It is interesting that a new fund can be more tax-efficient, since gathering assets at a high rate can result in effectively lower dividend yields compared to an identically invested fund closer to equilibrium. This is possible even if the fund has been open for more than a full calendar year. I co...
by House Blend
Tue Aug 01, 2017 2:59 pm
Forum: Investing - Theory, News & General
Topic: "the top 1 percent of families had $1.08 million or more saved in 2013."
Replies: 26
Views: 3936

Re: "the top 1 percent of families had $1.08 million or more saved in 2013."

Given sufficient wages to max out a 401(k) and IRA it doesn't require all that much imagination to see how one might accumulate $1M in tax-advantaged accounts. While it does require wages well above the median, it is nowhere close to requiring membership in the 1%. It also requires time. Indeed, ech...
by House Blend
Mon Jul 31, 2017 9:28 am
Forum: Investing - Theory, News & General
Topic: What was the expense ratio of Vanguard's S&P 500 fund in 1976
Replies: 17
Views: 2237

Re: What was the expense ratio of Vanguard's S&P 500 fund in 1976

Also worth recalling that the initial minimum for Admiral shares was (I believe) $250,000. Not sure when it dropped to $100,000.

When it dropped again to $10,000 in early 2011(?), Bogleheads were dancing in the streets.
by House Blend
Mon Jul 31, 2017 9:23 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting strategy
Replies: 10
Views: 968

Re: Tax Loss Harvesting strategy

JayZ, The way I prefer to describe TLH it is that if you have positions in Fund X with losses big enough to be worth taking, exchange them for shares of similar-but-different Fund Y. End of story. There is no step 2. Yes, #1 and #2 are clearly inferior. But they keep coming up as newbie proposals, b...
by House Blend
Sun Jul 30, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Indirectly shifting shares from IRA into Taxable. Is this an efficient strategy?
Replies: 5
Views: 414

Re: Indirectly shifting shares from IRA into Taxable. Is this an efficient strategy?

So I'm considering shifting most of my overall International shares into Taxable. [Reason: Total International gives Foreign Tax Credits so it's better for me to hold in taxable.] 1. You may get the foreign tax credit, but you'll also get more non-qualified (higher taxed) dividends. As a result, un...
by House Blend
Sun Jul 30, 2017 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor/Retirement Planning - Conventional Wisdom?
Replies: 16
Views: 1595

Re: Financial Advisor/Retirement Planning - Conventional Wisdom?

Why would you think a **recommended financial advisor** would know anything close to what the collective wisdom on this here board can impart? It's not always about who knows more (and if it's Bogleheads collectively vs. any one financial planner, it's not a contest). IMO the main weakness here is ...
by House Blend
Sat Jul 29, 2017 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Assistance with FI and question about TIAA traditional
Replies: 8
Views: 632

Re: Assistance with FI and question about TIAA traditional

For example, if you are 65yo and choose a single-life annuity with 10 year guaranteed period, the current payout rates for annuitizing TIAA Traditional today are 6.2%, 6.0%, 6.3%, 7.0%, 8.4%, depending on the vintage. The 8.4% rate is for contributions prior to 2000. TIAA has its own vocabulary, wi...
by House Blend
Sat Jul 29, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: IRA "registration error" (?) Roth vs Traditional at American Funds
Replies: 37
Views: 1969

Re: IRA "registration error" (?) Roth vs Traditional at American Funds

^FWIW, when I wrote "has to be reported" that may be an overstatement. Based on what I've seen when people mess up a Backdoor Roth, I don't think the IRS has any issue with a trad IRA contribution that isn't reported on an 8606 or taken as a deduction. However, once the money is distribute...