Search found 5 matches

by simplify
Thu Oct 05, 2017 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Did Backdoor Roth, but there's 35 cents left in TIRA
Replies: 8
Views: 875

Re: Did Backdoor Roth, but there's 35 cents left in TIRA

Thanks livesoft. I just tried it on the Vanguard website by repeating the "Convert to Roth IRA" step -- but on the next page it gives a warning: Holdings alert You have one or more holdings with either pending activity, zero balance, or open orders on this account. So I got scared. It also doesn't l...
by simplify
Thu Oct 05, 2017 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Did Backdoor Roth, but there's 35 cents left in TIRA
Replies: 8
Views: 875

Did Backdoor Roth, but there's 35 cents left in TIRA

I just did my first Backdoor Roth two days ago. Setup new TIRA with Vanguard, contributed $6500 (I'm now 50), and next day after it settled I converted it online using "Convert to Roth IRA" per instructions from calling Vanguard. All went well, now two days later there is a $0.35 balance in TIRA. I'...
by simplify
Mon Oct 02, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth logistics question re: existing TIRA
Replies: 1
Views: 181

Backdoor Roth logistics question re: existing TIRA

Hello all, This will be my first year doing a backdoor Roth. I have an existing Traditional IRA account with Vanguard (a rollover from previous employer) with a 100K balance. I know I need to roll that over to my current employer's 401k (which does accept incoming rollovers) to avoid the pro-rata ru...
by simplify
Thu Mar 02, 2017 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Roth phase-out zone and portion to Backdoor Roth?
Replies: 2
Views: 514

Re: Roth phase-out zone and portion to Backdoor Roth?

Thanks so much Alan. I knew a backdoor Roth requires form 8606, and I knew that if I contribute for tax year 2016 but convert in 2017 then it makes the 8606 more complex. For some reason I thought the extra complexity to the 8606 would be required for all my future tax reporting. Can you verify if I...
by simplify
Mon Feb 27, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Roth phase-out zone and portion to Backdoor Roth?
Replies: 2
Views: 514

Roth phase-out zone and portion to Backdoor Roth?

Hello all -- this is my first post and I'm so grateful to have such a great online community to help with questions! This is my first time being in the Roth phase-out zone for tax year 2016. (Got an unexpected promotion). In January 2016 I contributed $2000 to my Roth with Vanguard. I turned 50 last...