Search found 13 matches

by SAinUSA
Thu Jun 30, 2016 11:38 am
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover to ROTH and tax implications with ROTH backdoor
Replies: 14
Views: 639

Re: 401k Rollover to ROTH and tax implications with ROTH backdoor

Wow, thank you so much for such a detailed response, Celia!

Really appreciated it!
by SAinUSA
Wed Jun 29, 2016 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover to ROTH and tax implications with ROTH backdoor
Replies: 14
Views: 639

Re: 401k Rollover to ROTH and tax implications with ROTH backdoor

I should have just left it in the 401k, as I will get taxed on the roth conversion and hinders my ability to do backdoor roth
by SAinUSA
Wed Jun 29, 2016 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover to ROTH and tax implications with ROTH backdoor
Replies: 14
Views: 639

Re: 401k Rollover to ROTH and tax implications with ROTH backdoor

Yeah I will have high income for awhile

I did a 401k rollover to a IRA
by SAinUSA
Wed Jun 29, 2016 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover to ROTH and tax implications with ROTH backdoor
Replies: 14
Views: 639

Re: 401k Rollover to ROTH and tax implications with ROTH backdoor

Thanks, seems I just did something really stupid... :oops:

Im single, so 33%. I did 401k rollover straight

Here are my current fund values:

Traditional IRA $0.00
Rollover IRA Brokerage $23,691
Roth IRA $14,684

Don't have a current 401k option as working in a startup

:oops: :oops: :oops:
by SAinUSA
Wed Jun 29, 2016 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover to ROTH and tax implications with ROTH backdoor
Replies: 14
Views: 639

Re: 401k Rollover to ROTH and tax implications with ROTH backdoor

Thanks

So I would basically owe tax on my pre-tax contributions which would be $8000?
by SAinUSA
Wed Jun 29, 2016 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover to ROTH and tax implications with ROTH backdoor
Replies: 14
Views: 639

401k Rollover to ROTH and tax implications with ROTH backdoor

Hello all!! I'm a bit confused so looking for some help. I did a 401k Rollover from Fidelity into Vanguard, it's currently in the Rollover IRA Brokerage. Total fund is from Fidelity is: Contributions Employee Deferral     Inception To Date $16,458      Total Account Balance $23,389 I would like to c...
by SAinUSA
Tue Mar 26, 2013 12:13 am
Forum: Investing - Help with Personal Investments
Topic: New in USA, opening ROTH, but in phase out period
Replies: 11
Views: 1731

Re: New in USA, opening ROTH, but in phase out period

Thanks I'm going to open up a employer plan 10% of salary

And do a $5k roth backdoor in VTSMX for 2012

Does that sound like a good plan?
by SAinUSA
Mon Mar 25, 2013 12:03 am
Forum: Investing - Help with Personal Investments
Topic: New in USA, opening ROTH, but in phase out period
Replies: 11
Views: 1731

Re: New in USA, opening ROTH, but in phase out period

Ok I found out all about back door ROTH... awesome!!!
by SAinUSA
Sun Mar 24, 2013 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: New in USA, opening ROTH, but in phase out period
Replies: 11
Views: 1731

Re: New in USA, opening ROTH, but in phase out period

Ah ok I did the proper calculation like you did and that is right. So it's even less, what would be the best place to invest such little money in Roth ?

I'll be opening up a traditional soon starting 2013
by SAinUSA
Sun Mar 24, 2013 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: New in USA, opening ROTH, but in phase out period
Replies: 11
Views: 1731

Re: New in USA, opening ROTH, but in phase out period

I don't have any traditional IRA here, but thinking of opening on soon Where can I look into doing this backdoor, that sounds good! I haven't done anything in USA, just get paid and get my tax back, and trade some stocks. I'm just getting started with this, I decided to live here permanently (sponso...
by SAinUSA
Sun Mar 24, 2013 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: New in USA, opening ROTH, but in phase out period
Replies: 11
Views: 1731

New in USA, opening ROTH, but in phase out period

Good day fellow bogleheads, I just moved to the USA a few years ago, and want to open up a Roth IRA while I'm still under the contribution limit, hopefully I can build it up a bit before I can't contribute at all. My MAGI for 2012 was $121,929, I used a calculator online and figure I can contribute ...

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