Search found 4 matches

by moneylove
Fri May 22, 2020 6:47 pm
Forum: Personal Investments
Topic: Vanguard RMD service and COVID-19
Replies: 10
Views: 1019

Re: ROTHs.

I want to gift $6000 to my kids so they can invest during the Covid market. It's now May so they've only earned 2020's salary for 5 months. I don't know what their income is but...hypothetically they've only earned $4000 total salary January to now and will earn nothing more until December. Can they...
by moneylove
Wed Apr 29, 2020 6:29 am
Forum: Personal Investments
Topic: Vanguard RMD service and COVID-19
Replies: 10
Views: 1019

Re: Vanguard RMD service and COVID-19

Is it true that I can only make one IRA to ROTH conversion in 2020?
by moneylove
Sun Apr 19, 2020 2:47 pm
Forum: Personal Investments
Topic: Different Spin on the question of "Should I pay of the house or Invest.."
Replies: 73
Views: 4637

Re: Different Spin on the question of "Should I pay of the house or Invest.."

Nobody mentioned this: In my case, 45 years ago, before I got married, I bought a cheap house in a red-lined neighborhood which the realtor said was improving. I paid the mortgage off as the neighborhood improved but then, my hubby needed money to open a business so I again took a small mortgage. I ...
by moneylove
Sun Apr 19, 2020 12:44 pm
Forum: Personal Investments
Topic: Vanguard RMD service and COVID-19
Replies: 10
Views: 1019

Re: Vanguard RMD service and COVID-19

Following the Covid allowance, I did NOT take my usual IRA RMD this first quarter 2020. Instead, I transferred one quarter’s RMD amount from my IRA into my ROTH. I expect to pay the same income tax I’ve always paid on ONE quarter’s RMD. Will this tax plan work as I hope it will? (My longevity, total...