Search found 5 matches

by CPW
Sat Feb 16, 2019 12:37 pm
Forum: Personal Investments
Topic: Trad vs Roth math help
Replies: 22
Views: 765

Re: Trad vs Roth math help

KlangFool wrote:
2) Why would you contribute to Roth 401K? You should contribute to Roth IRA instead. And, you can use Roth IRA to hold your emergency fund.

https://www.bogleheads.org/wiki/Roth_IR ... gency_fund

KlangFool
I think you mean "in addition to" rather than instead. ;-)
by CPW
Sat Feb 16, 2019 12:24 pm
Forum: Personal Investments
Topic: Trad vs Roth math help
Replies: 22
Views: 765

Re: Trad vs Roth math help

At you Income level, I would probably put the 22% bracket money into traditional as you are thinking. Health insurance premiums that you contribute are NOT deductible if you take the standard ($12k) deduction. There are obviously exceptions to this, but for what it's worth, it seems to me that if y...
by CPW
Fri Feb 15, 2019 8:34 pm
Forum: Personal Investments
Topic: Trad vs Roth math help
Replies: 22
Views: 765

Trad vs Roth math help

My 401k allows for both traditional and Roth contributions. I want to contribute enough in traditional to bring my marginal rate down to 12%, and then anything additional I want to contribute to Roth. For simplicity my salary is about $65k and threshold for 22% bracket is $39k. Filing single. So 65k...
by CPW
Mon Sep 10, 2018 10:54 pm
Forum: Personal Investments
Topic: AA for funds earmarked for parents' care
Replies: 5
Views: 453

Re: AA for funds earmarked for parents' care

Thanks JBTX. All of the funds in this account came from gifts from my parents. I'm not contributing to this. I'm contributing to my tax advantaged space as much as I can with my own earned income :happy And I'm not sitting on cash. It was a recent addition to the account, and I'm hoping to get some ...
by CPW
Mon Sep 10, 2018 9:52 pm
Forum: Personal Investments
Topic: AA for funds earmarked for parents' care
Replies: 5
Views: 453

AA for funds earmarked for parents' care

Hello Bogleheads, I've been lurking for a while. Hopefully I can get some wisdom on my situation. I have a taxable account (at Fidelity) with a low to mid six figure amount that is set aside in case my parents will need additional funds toward the end of their lives. My parents are approaching 70, h...