Search found 4 matches

by mystified
Thu Jun 01, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Re-characterization of Roth contribution "opportunity" issue
Replies: 23
Views: 1751

Re: Re-characterization of Roth contribution "opportunity" issue

Quite a bit to read through. I understand I did not realize the entire process and I should have researched it more deeply. As you can see, I thought I could back out at no cost through re-characterization, but that is not the case, since having funds that were not earned on my MM deposit now must b...
by mystified
Fri May 19, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Re-characterization of Roth contribution "opportunity" issue
Replies: 23
Views: 1751

Re: Re-characterization of Roth contribution "opportunity" issue

@ hushpuppy

Couldn't follow your link. I think the abbreviation thwarted it.
by mystified
Fri May 19, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Re-characterization of Roth contribution "opportunity" issue
Replies: 23
Views: 1751

Re: Re-characterization of Roth contribution "opportunity" issue

@ FactualFan What I mean is that I paid tax on the contributions to the Roth IRA and since this 12K is not part of my gains on the 100K I am essentially having to remove the money from the Roth IRA and pay taxes again on it when I distribute it from the tIRA (or pay taxes on it when move it back to ...
by mystified
Fri May 19, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Re-characterization of Roth contribution "opportunity" issue
Replies: 23
Views: 1751

Re-characterization of Roth contribution "opportunity" issue

My Roth IRA has several different funds in it including a money market fund. Last year I converted 100K from the money market account in my tIRA to the money market account in my Roth IRA. Of course, this was a taxable event and after looking at the tax consequences while filling out my tax return I...

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