Search found 7 matches

by RememberNovember
Fri Jan 11, 2019 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Same-year IRA recharacterization and conversion: Did I do this correctly?
Replies: 5
Views: 383

Re: Same-year IRA recharacterization and conversion: Did I do this correctly?

Thank you so much, Duckie — that’s exactly what I’ve been trying to puzzle out!

I appreciate everyone’s help! You are all wonderful, brilliant human beings. I love this forum. :beer
by RememberNovember
Thu Jan 10, 2019 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Same-year IRA recharacterization and conversion: Did I do this correctly?
Replies: 5
Views: 383

Re: Same-year IRA recharacterization and conversion: Did I do this correctly?

Yes, for the Schwab conversion from traditional IRA to Roth IRA, I knew there would be a tax hit and had planned for it. Maybe not pleasant for 2018 taxes, but it closes out a few-year saga with those funds and will hopefully come out for the better in the long term. My main concern is rather about ...
by RememberNovember
Wed Jan 09, 2019 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Same-year IRA recharacterization and conversion: Did I do this correctly?
Replies: 5
Views: 383

Same-year IRA recharacterization and conversion: Did I do this correctly?

Hello everyone! I could use a friendly sanity-check on this. In 2018 I made a same-year IRA recharacterization and conversion (details below), and while it all seemed to make sense at the time, as tax season approaches and my memory grows fuzzy, I hope I have not gotten myself into hot water. Please...
by RememberNovember
Sun Mar 18, 2018 9:05 am
Forum: Personal Investments
Topic: Maxed out Roth space - how to meet rest of fixed income AA?
Replies: 4
Views: 411

Re: Maxed out Roth space - how to meet rest of fixed income AA?

Here is my current portfolio: 401(k) - $78k [Website is down for maintenance, so ERs are all from 2015] 23% BFA LifePath Fund 2020 (net ER: 0.22; currently about 55% fixed income, 45% equities; fixed income quality is mostly BBB and better) 29% State Street S&P 500 Fund (net ER: 0.09) 10% State Stre...
by RememberNovember
Sun Mar 18, 2018 7:23 am
Forum: Personal Investments
Topic: Maxed out Roth space - how to meet rest of fixed income AA?
Replies: 4
Views: 411

Maxed out Roth space - how to meet rest of fixed income AA?

I’m trying to rebalance my accounts to meet a 80% stock / 20% fixed income AA, but have run into a bit of a dilemma. After I fill my Roth space with bond funds (50% VBILX + 50% VBTLX), this still leaves me with a chunk of cash roughly equal to the amount I have in my Roth account in my taxable broke...
by RememberNovember
Tue Mar 06, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Help with Roth IRA when over AGI
Replies: 5
Views: 618

Re: Help with Roth IRA when over AGI

Thanks, everyone! Somehow I missed that prior thread when searching, but it answers the question perfectly. :happy
by RememberNovember
Mon Mar 05, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Roth IRA when over AGI
Replies: 5
Views: 618

Help with Roth IRA when over AGI

Help, my head is spinning! I contributed the maximum $5500 to my Roth IRA in January — and then got surprised by a work bonus in February. I’m nearly certain this will put me over the $120k MAGI threshold as a single filer, so I’m trying to figure out how to fix this. It looks like the easiest first...