Search found 9 matches

by sedonabogle
Mon Feb 11, 2019 9:50 am
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 4733

Re: Am I missing out on Roth IRA

mortfree wrote:
Sat Feb 09, 2019 2:14 am
Did you contribute to the traditional IRA in 2018?

If so, you can’t do the Roth for 2018, unless you didn’t max out the traditional.
No contributions to traditional IRA in 5 or more years. Just dividends and capital gains.
by sedonabogle
Mon Feb 11, 2019 9:41 am
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 4733

Re: Am I missing out on Roth IRA

And you can do a Roth contribution for each of you, so you can put in $11,000 (5500 * 2) for 2018 and $12,000 for 2019. Just did exactly this at the beginning of Jan Did you do this with new funds or selling from existing taxed account? I'm on the fence about which option to go - I'm leaning toward...
by sedonabogle
Fri Feb 08, 2019 2:58 pm
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 4733

Re: Am I missing out on Roth IRA

Thanks for the advice!
by sedonabogle
Wed Feb 06, 2019 3:24 pm
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 4733

Re: Am I missing out on Roth IRA

And you can do a Roth contribution for each of you, so you can put in $11,000 (5500 * 2) for 2018 and $12,000 for 2019. Just did exactly this at the beginning of Jan Did you do this with new funds or selling from existing taxed account? I'm on the fence about which option to go - I'm leaning toward...
by sedonabogle
Thu Jan 31, 2019 9:29 pm
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 4733

Re: Am I missing out on Roth IRA

It doesn't make much sense to do taxable investing before maxing out a Roth IRA. In fact, you still have time to do 2018. I would direct all new money into a 2018 Roth until that is maxed or you hit the deadline (4/15/2019 this year). After that, concentrate on your Roth for 2019. Don't split, the ...
by sedonabogle
Thu Jan 31, 2019 8:10 pm
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 4733

Re: Am I missing out on Roth IRA

What is your income? Are you a very high earner? if so keep in mind you may need to do a backdoor roth conversion. If your modified adjust gross income in 2018 was less than 135k i believe then you can contrubite directly to roth ira for that tax year. Around $110k/year. Employer puts 6% in retirem...
by sedonabogle
Thu Jan 31, 2019 8:08 pm
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 4733

Re: Am I missing out on Roth IRA

With taxable investments, you are paying ordinary income taxes on dividends, and at least a 15% tax on the capital gains when you sell. With Roth IRA, both would be tax free, and the contributions to it, not the gains, can be withdrawn (but not put back in later) in case of an emergency. This Roth ...
by sedonabogle
Thu Jan 31, 2019 8:07 pm
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 4733

Re: Am I missing out on Roth IRA

It doesn't make much sense to do taxable investing before maxing out a Roth IRA. In fact, you still have time to do 2018. I would direct all new money into a 2018 Roth until that is maxed or you hit the deadline (4/15/2019 this year). After that, concentrate on your Roth for 2019. Don't split, the ...
by sedonabogle
Thu Jan 31, 2019 2:17 pm
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 4733

Am I missing out on Roth IRA

I've been following the principles and have a pretty good grasp on my personal investments and savings. I'm 30 and not married, 3 years into a 15 year mortgage. No debt. I have over $100k in my work's savings plan and maxing that out. I have a sizable CD and a small traditional IRA that I'm planning...