Bogleheads.org

QuiGonJohn wrote: ↑Sun Mar 12, 2023 11:03 am

tibbitts wrote: ↑Sun Mar 12, 2023 10:58 am Well as you know the variable rate isn't something the Treasury decides based on market factors; it's just a calculation. So "they" didn't lower the rate. Now, you can argue with the calculation, but it's not like the fixed portion where they may be considering the environment to some extent in setting the rate, and have some flexibility.

Well if that's the case, then the numbers they are basing the calculations on are "fabricated" to tell a different story. Inflation is still bad. Just shopped, 16oz bottle of Kraft Salad Dressing, that was $2.52 before Jan 2021, now was $5.99. Many other items similar story.

Hmmm... and I was shocked that oil (equivalent size container) went from $3.5 to $7.00!!

Kinkajou82 wrote: ↑Sat Mar 11, 2023 10:19 pm

tibbitts wrote: ↑Sat Mar 11, 2023 10:10 pm

Kinkajou82 wrote: ↑Sat Mar 11, 2023 10:00 pm

Drew31 wrote: ↑Sat Mar 11, 2023 8:07 pm

peteyboy wrote: ↑Sat Mar 11, 2023 7:54 pm

+1 on the 50/50.

Another vote for 50/50. Planning half this month and another half in May. My approach to limiting anticipated regret.

Don't you mean 33%/33%/33%? There are three distinct buying periods in a year for I Bonds aren't there?

Maybe it depends if you mean calendar year, or I-bond year.

Ohhh I understand now

Because the limits are based on calendar year, I thought the 33% splits make more sense. But analyzing a bit more, they probably make less sense. Any logic gurus to vote on one vs the other?

dukeblue219 wrote: ↑Fri Mar 17, 2023 8:03 am

an_asker wrote: ↑Fri Mar 17, 2023 8:00 am I'm surprised no one has told you to use tax software. Apparently once you start using it, all your tax filing issues will be solved. Or so I have been repeatedly told.

Scroll up.

It's true though. I don't understand all the angst over filing a schedule C. It's just a few more screens on whatever software you use.

LOL. I blinked and missed it!!

TomatoTomahto wrote: ↑Fri Mar 17, 2023 7:57 am [..]
I wonder what percentage of ER visits are people who DIY beyond their real level of capability.

Fwiw, my wife didn't lay down the law about the firewood splitting until I told her about the guy who very proudly showed me his missing finger from a "lapse of attention" a few years prior, on the very splitter we were operating.

Last month, I went up on our roof following a handyman. It was fun. But now, reading this thread, it will remain a unique experience. Thankfully I got a selfie out of it for posterity

I'm surprised no one has told you to use tax software. Apparently once you start using it, all your tax filing issues will be solved. Or so I have been repeatedly told.

TomatoTomahto wrote: ↑Wed Mar 15, 2023 1:49 pm My wife knows how clumsy I am and wants to keep me around, so she has given orders to me. For example, no chores in the afternoon/night. I volunteer with some people to buck, split, deliver/stack firewood for seniors in town; I’m under strict orders to restrict my contribution to activities that aren’t near machinery; co-workers laugh at me but understand.

I’ve done my work in finding a good carpenter, electrician, landscaper, mechanic, etc. I dial the phone (well, for the carpenter, everyone else responds to texts).

LOL. I have already shared how I got fired from my lawn mowing job ... by DW lol!!

PS: I now use the time saved on the tennis courts (playing, not fixing them!!)

stoptothink wrote: ↑Wed Mar 15, 2023 1:47 pm I'm not very handy, but I'll pretty much give anything a shot and we have a lot of more skilled friends. I've recently done some plumbing and electrical and it worked out fine. My threshold probably is if it will require me to rent heavy machinery or tools.

You're shortchanging yourself! When I say I'm not handy, I literally mean that "job + my input = at least 3 jobs"

Sharing a nice long thread which I found to be quite helpful!!

GettingComfortable wrote: ↑Tue Feb 22, 2022 9:47 am This thread was very helpful for doing a 199A deduction (first time for me, for tax year 2021). The required IRS Form 8995 was very easy for such (unexpected 199A earnings) from ETFs, and my result goes on line 13 of Form 1040 (2021).

+1. For tax year 2022.

trooma7 wrote: ↑Wed Mar 15, 2023 7:50 pm Can I ask what you do to make $465K remotely?

The decision to move is a personal one. Do you value the relationships/proximity to friends or the tax savings more.

Cannot speak for OP, but my buddy's DW is a radiologist. Has a remote job (only needs to report to office once in three months). Gets 12 weeks of vacation annually. Has shared numbers like $500/hour.

Don't really know if these numbers are the norm or outliers. She is in her 50s, so I would say couple of decades of experience.

I feel ashamed to reveal to her that I make just over a tenth of that

I contributed to the After-Tax portion of my company’s 401k. Then I called my company plan advisor and rolled over the after tax to a Roth IRA at Vanguard. I was issued a single 1099-R as shown below, and this is how I entered it into Hr block online. Single 1099-R issued: Box 1 (gross distro.): $35,615.96 Box 2a (taxable amount): $96.29 Box 5 (employee contributions): $35,519.67 Box 7 (code): G - direct rollover -I checked the box “I rolled this amount over to an IRA account” -“Did you roll this distribution into a Roth IRA account?" checked YES However, Hr block online gives me this error : "Code G indicates a direct transfer; therefore, box 2a should be zero. If there is an entry greater than zero in box 2a, contact your plan ...

We are planning trips to different countries. We are also looking into putting in a home elevator before we replace carpeting and schedule maintenance on the house. I’m not sure that this spending will make much of a dent into the portfolio though. my older brother has talked about an elevator for his house (I solved that problem with a one-story house - they can roll me out onto the dock and into the water). Are these expensive? I guess it depends on how much demolition is required to fit it in. I think he has concluded that it would destroy the value of his house and for them the cost would be prohibitive since it would have to be inside the existing structure and have no visible signs from outside. While speedreading through this respon...

Interesting stats. I’m paying about 1,200/yr for a 7 year old Subaru. Spotless driving record, safe neighborhood, but high limits. Replacing that with a Tesla would bring it to ~ 2,200/yr. Replacing it with an ICE luxury car of about the same “value” as a Tesla would raise it $300/yr. I was pretty shocked at the price difference. And our auto rates are pretty cheap when we compared coverage with other companies. Obviously not as cheap as other people, but I’m sure that’s geographical. Percentage wise, your costs appear reasonable compared to folks in the mid-Atlantic. If you hear what we pay for insurance, you would be shocked. Two kids, one of whom is in college and the other almost there, three cars (none a premium brand) of which only o...

You can purchase VOO because it's not substantially identical to VTI. Just because you sold $100k of stock doesnt mean you had $100k in losses. You first should look at how much in losses you had hoped to have from sale. Then the $42k of replacement shares you bought within 30 days would wash $42k of the losses you hoped to claim. Does that make sense? No it doesn't. I am not understanding what you wrote. Let's say: Purchase 10 shares at $100 per share on 1/1/2022 Sold 10 shares at $20 per share on 2/13/2023 Bought 5 shares at $15 per share on 3/13/2023 Loss = $200 - $2000 = $1800 What is the purchase price of the 5 shares bought for $75 (total) going to be after the wash? Think your math is off. He doesn't have an $1800 loss. He has an $8...

arcticpineapplecorp. wrote: ↑Thu Mar 16, 2023 8:32 am You can purchase VOO because it's not substantially identical to VTI.

Just because you sold $100k of stock doesnt mean you had $100k in losses. You first should look at how much in losses you had hoped to have from sale.

Then the $42k of replacement shares you bought within 30 days would wash $42k of the losses you hoped to claim.

Does that make sense?

No it doesn't. I am not understanding what you wrote. Let's say:

Purchase 10 shares at $100 per share on 1/1/2022
Sold 10 shares at $20 per share on 2/13/2023
Bought 5 shares at $15 per share on 3/13/2023

Loss = $200 - $2000 = $1800

What is the purchase price of the 5 shares bought for $75 (total) going to be after the wash?

HomeStretch wrote: ↑Thu Mar 16, 2023 6:59 am

cbox wrote: ↑Thu Mar 16, 2023 6:43 am Do Roth IRA Contributions Count Toward Your 401(k)? …

No.

… To be clear, that would allow her to make a total of $29,000 in contributions toward retirement accounts this year. …

Assuming sufficient compensation, for 2023 your friend can contribute up to the IRS limits for:
1) 401k - $22,500 (<age 50) or $30,000 (age 50+), and
2) Roth IRA - $6,500 (<age 50) or $7,500 (age 50+)

Talking of "sufficient compensation", my understanding is that even with a compensation of $22,500 you could contribute $22,500 to the 401(k)* and an additional $6,500 to the Roth IRA.

* maybe to a Roth 401(k) not traditional 401(k) ... but I am not too sure about the reasoning either way

leviathan wrote: ↑Fri Mar 10, 2023 2:37 pm I am wondering what will happen to share (stock SIVB) holder of SVB. It's one of S&P 500 companies.

I would assume you would kiss it goodbye.

S&P 500 will essentially be S&P499 for a short while!

TomatoTomahto wrote: ↑Fri Mar 10, 2023 1:58 pm

alex_686 wrote: ↑Fri Mar 10, 2023 1:48 pm [...]
Would you rather fight a horse sized duck or 100 duck sized horses?

In this case I would rather fight 1 duck sized horse. I think. Maybe. I can see arguments either way.

Alex, I usually value your posts because you're someone who has "seen how the sausage is made." I have to admit that your duck/horse post has gone right over (or perhaps around) my head.

I misread "duck" at the first go around. Twice.

In a reference to My Cousin Vinny, I wear glasses only for myopia.

bloom2708 wrote: ↑Fri Mar 10, 2023 11:20 am She should quit/resign and if needed use 2 weeks of PTO. Life is too short.

There are other J-O-B-S and Careers.

Best of luck.

+1!

Not exactly same situation but over a decade ago, DW had a similar choice to make (keep unhappy job or quit) and turned in her two week notice. She's done well since then.

jjensen67 wrote: ↑Tue Mar 07, 2023 6:35 pm [...]
If and when I move, I am tempted to rent an Airbnb property (if available) in the target neighborhood to "test drive" the noise.

Not me, but ... many folks would absolutely not want to live in a neighborhood where airbnbs are allowed.

Cindy07 wrote: ↑Mon Mar 06, 2023 2:28 pm SubPar, Silk McCue, Retiredjg and Magicrat

Thank you for the guidance (and education).
I will make the 0.81c conversion and make a note at the end of the year to make sure the Traditional Roth accounts are empty.

Thank you
Cindy

I am assuming you mean Traditional IRA. You don't need to empty a (Traditional) Roth IRA.

hi everyone I'm still a newbie with financial matters (and get overwhelmed) so forgive the basic question but I can't seem to find a similar thread to answer my question. On January 23rd, I transferred $7,499.98 into each of mine my husband's Traditional Roth (there was 0.2 cents interest from 2022 already in the account) On January 24th, I transferred $7,500 into each of our Roth IRA. On January 31st, we each received dividend of 0.81 cents into our Traditional Roth IRA. What do I do with this 0.81 cents? I don't want to get dinged on pro-rata tax rules (?). btw, I do Mega Backdoor Roth at work with In-Plan conversion. My husband does not work. We file tax returns as Married Joint Filing. I do not know my Tax Bracket and waiting for our T...

jebmke wrote: ↑Mon Mar 06, 2023 9:03 am [...]
edit: since you enjoy and appreciate learning the underlying law and mechanics of tax returns, you'd be an excellent volunteer for AARP TaxAide or Vita. But, beware, in TaxAide we moved along from paper forms decades ago. However, every certified preparer who volunteers must pass a test demonstrating knowledge of the tax law and proficiency in preparing a correct tax return. You're a natural fit.

Wow! That sounds like an excellent volunteering opportunity after retirement. I hope I don't need to know it all - the tax loopholes are so many that I doubt if anyone really knows all of them intimately!

Thanks

I scan everything and turn it into a PDF and then organize it into a hierarchical folder which all fits on a small USB flash drive which I label and put into an empty Rx bottle then in a safe.[...] Wow! This is exactly what I do. I have a bunch of Vitamin D3 bottles filled with either SD cards or flash/thumb drives :-) :sharebeer My folders are year --> finance and year --> photos. That takes care of the main folders. I do have sub folders of course. Within photos I have folders organized by events. Within finance I have statements, taxes, etc. Needless to say, the photo folders are too unwieldy for thumb drives. They go to the standard external hard drives. I keep 3 years on one of the NAS devices, and once a year add the oldest year to t...

Do not rejigger. Include with your income tax return a Form 8995 with the Section 199A dividends (if you meet the conditions to use form, some will need to use Form 8995-A). Copy the amount from the last line of Form 8995 to line 13 of Form 1040, and continue with Form 1040 from there. Ahaa! This is what I was needing I think. I will check out this form and read up what needs to be done. Maybe I need to amend last year's taxes as well... though I doubt if it is worth it (I don't think the number was over like $20 or something!) Use tax software. It is much more accurate than asking random strangers on the internet. I respectfully disagree. I would rather understand/learn what I am doing rather than feed stuff as asked by a software. Now th...

I would think 3 or 4, depending on which is quicker/better for you.

FactualFran wrote: ↑Sun Mar 05, 2023 2:37 pm Do not rejigger. Include with your income tax return a Form 8995 with the Section 199A dividends (if you meet the conditions to use form, some will need to use Form 8995-A). Copy the amount from the last line of Form 8995 to line 13 of Form 1040, and continue with Form 1040 from there.

Ahaa! This is what I was needing I think. I will check out this form and read up what needs to be done. Maybe I need to amend last year's taxes as well... though I doubt if it is worth it (I don't think the number was over like $20 or something!)

OK, it appears that my original assumption is wrong. Then, what is right? Do I completely ignore the information provided under Section 199A dividends? If I recall correctly, that's what I did last year! Enter the data as it appears on the form. Sorry, maybe I am a bit dense. I am still not getting this. Here is what the instructions say: Qualified dividends. If any part of the total ordinary dividends reported in box 1a is qualified dividends, report the qualified dividends in box 1b. ... followed by ... Qualified REIT dividends. Certain taxpayers are entitled to a deduction under section 199A computed by reference to several types of income, including qualified REIT dividends. A qualified REIT dividend is generally a dividend from a REIT...

Hyperchicken wrote: ↑Sun Mar 05, 2023 2:10 pm This makes no sense. If you have $125 of qualified dividends, you cannot claim $175, because you did not receive it.

OK, it is wrong. But you did see how I got $175, no?

If - by holding on to VNQ for more than 90 days - my action "qualifies" the section 199A dividends, I can add them to qualified dividends, can I not?

OK, it appears that my original assumption is wrong. Then, what is right?

Do I completely ignore the information provided under Section 199A dividends? If I recall correctly, that's what I did last year!

This is not majorly earth shattering in our personal situation, but I definitely want to better understand this and file it correctly. I am confused on how i am supposed to be filing Section 199A dividends. Let me explain how I understand it - please correct me if I am wrong. I am especially focusing on this because this time, I got a revised 1099 from my brokerage with the only difference being the amount on the Section 199A line, which entirely derives from VNQ (REIT index ETF). This is an example with completely arbitrary numbers: Ordinary Dividends (box 1a) $200.00 Qualified Dividends (box 1b) $125.00 ... Section 199A Dividends (box 5) $50.00 My understanding: - qualified dividends are a subset of ordinary dividends (i.e., the number in...

FactualFran wrote: ↑Sun Mar 05, 2023 12:05 pm

KingRiggs wrote: ↑Sun Mar 05, 2023 9:58 am We Bogleheads extoll the benefits of the back door Roth process, but the forum is rife with posts from people who have run into issues with it.

A problem is that some individuals use the term "back door" with IRAs but the income tax instruction do not. The IRS is concerned

• whether the sum of contributions made to a traditional IRA for a year exceeds the limit for the individual
• how much of the amount distributed from a traditional IRA during a year, including Roth conversions, is taxable

Individuals should think in those terms rather than "back door" to avoid issues with income tax returns.

I agree! I shared my "Explanation Two" link in a post above which specifically describes the steps.

enad wrote: ↑Fri Mar 03, 2023 5:25 pm I scan everything and turn it into a PDF and then organize it into a hierarchical folder which all fits on a small USB flash drive which I label and put into an empty Rx bottle then in a safe.[...]

Wow! This is exactly what I do. I have a bunch of Vitamin D3 bottles filled with either SD cards or flash/thumb drives

My folders are year --> finance and year --> photos. That takes care of the main folders. I do have sub folders of course. Within photos I have folders organized by events. Within finance I have statements, taxes, etc.

Needless to say, the photo folders are too unwieldy for thumb drives. They go to the standard external hard drives.

THY4373 wrote: ↑Sun Mar 05, 2023 11:31 am [...]
You are right this is why I don't hang out at the gate on Euro airlines that are known to have a bag weighing bent (my bag is often a pound or two over weight though well below the max size limit). Also you have folks in the lounges who likely only show up around boarding time.

Maybe you've just been lucky. On a recent international trip (Qatar), at Doha, nearly all passengers - including me - who had a reasonably large carryon (most, if not all, were definitely within carryon bag limits) were forced to part with their bag at the gate and they were all checked in.

David_w wrote: ↑Sun Mar 05, 2023 8:26 am [...]
Does this make it easier now being this traditional IRA is the one and only traditional that was just opened in 2021?

You're sure you do not have a Rollover IRA (when you moved an old 401k or equivalent into an IRA) in your portfolio, I hope.

If there is one or more, that falls (they fall) in the same bucket.

On many flights that we’ve been on, we either gate check our carry-on at the check-in counter or roll it to the bottom of the entrance ramp and drop it off right before we board. No need for a ramp. 95% of the non-purses carried on are either roll bags or backpacks. I agree with todthebod. Given the time most people end up hanging around in the waiting area pre-flight, why not just require that all carry-on bags be checked for size before boarding? To be brutally honest, this extra step would only waste time. Not that I have literally done the research, but my empirical evidence leads me to believe that even if each passenger were to carry only one approved sized carry on luggage item, planes just do not have enough space for all carryon b...

retiredjg wrote: ↑Sun Mar 05, 2023 10:37 am

KingRiggs wrote: ↑Sun Mar 05, 2023 9:58 am It makes me question whether the benefits justify the potential pitfalls of the process…

This is the reason I quit, many years ago, suggesting that people use the backdoor Roth process. So many people manage to mess it up and I didn't want to be responsible for causing that.

That's giving up, retiredjg! It is not really that difficult a concept. I believe folks get confused by the semantics, not by the complexity of the process.

The benefits absolutely justify the process - potential pitfalls happen only if you do the process without understanding it. That issue exists for anything. You don't want to drive a car without knowing how to stop it, maneuver it, etc, right? No one is doubting the benefits of driving!

KingRiggs wrote: ↑Sun Mar 05, 2023 9:58 am We Bogleheads extoll the benefits of the back door Roth process, but the forum is rife with posts from people who have run into issues with it.

It makes me question whether the benefits justify the potential pitfalls of the process…

I suppose it depends too some degree on how many years one is able to make that back door contribution.

I completely disagree with your post.

The forum is rife with people who have run into issues with it because they fail to understand the concepts. The concepts are absolutely simple to understand, if you put your mind to it. Maybe one of these two explanations (or both taken together) will help?

Explanation one
Explanation two

Where would you invest $5k today, if you were in my position? I’m in my mid-20s and live in Massachusetts, paying state and federal income tax. I have a brokerage account with mutual funds ($25k), 401K ($35k), Roth IRA ($20k) and an Emergency Fund ($10k). I have no student loan or credit card debt and liquidity is not a concern currently with my savings ($10k) and the emergency fund. I have a recently acquired lump sum of $5k to invest and I am looking to diversify my portfolio. I’m slightly concerned about putting this into more equities in the current market conditions. I would appreciate any guidance and opinion on non-equity options to deploy this capital or alternatively if you think equity is a good option here in my position? Thank ...

[...] They’ve never been listed separately for me in prior years. Why the change? I have the same question as well; I bet this has to do with changing tax laws - I need to brush up in the coming couple of weeks, as I plan to file mid March or so :-) Remember, a couple of years or so ago, the brokerages started listing (or were required to do so) any security sales into six categories A through F. This is most likely something similar. BTW, isn't your second line below something like non-taxable dividend or something like that? I vaguely recall seeing something like that on our 1099s. Box 1a. Total Ordinary Dividends = $1,389.31 Dividend Distributions = $24.30 Box 1b. Qualified Dividends = $1,303.01 Box 5. Section 199A Dividends = $62.00

If a Backdoor Roth conversion was done in 2022 with a non deductible Traditional contribution, can a 2022 non deductible contribution still be made to a Traditional IRA for 2022 tax year? Then that contribution would be converted this year. The way I am reading it, what you did in 2022 was a "standard" Roth conversion of a traditional non-deductible IRA , which did not include a 2022 contribution. If that is correct, yes, you can make a 2022 non deductible contribution (by tax date, April 2023) then convert it to Roth IRA (this is the "backdoor"). In addition, you can also make a 2023 non deductible contribution and convert it to Roth IRA as well. To avoid complications, just make sure that on 12/31/2023 you do not have...

retiredjg wrote: ↑Sat Mar 04, 2023 12:38 pm If your 401k will accept the rollover, there is nothing aggressive or inventive about this. And you don't have to wait til the following calendar year to use the backdoor maneuver. It's a routine procedure around here.

Cautions.

1. Maybe your accountant means that the backdoor Roth is an "aggressive" route, rather than the rollover to 401k. That could be an indicator that your accountant is not familiar with how to document the backdoor Roth process on your taxes. We see this frequently and it leads to some tricky situations because they don't do it correctly. Unless your accountant is willing and able to learn about this, you should probably not use the backdoor Roth process.

Or get a new accountant!
[...]

3PKWzh9 wrote: ↑Sat Mar 04, 2023 12:46 pm [...]
I know this is a high end problem and obviously the proposal reduces my overall investing success. But there are people here who are at and well beyond my level of success, and have 10-30 years of experience on me.

So: smart idea or dumb idea?

It depends ... on who you want answering your question.

If you want my vote (more than a decade older than you, less than a tenth of your net worth or annual income), I say YESSS!!!

If you ask those folks who are beyond your level of success, they'll very likely say NOOOO!

TheOracle2 wrote: ↑Sat Mar 04, 2023 11:25 am [...]
5.67M (This is the total before a more realistic breakdown, which I will do next. 7M was never the starting point.)
[...]

Thank you. I was wondering if I had forgotten how to add or if the OP took a few million off his original post!

Are you sure of your facts? I don't think you can contribute to tax year 2023 - in year 2022. Unless you meant last week/month instead of last year.

Final update: I received my federal refund today. 3/13 - e-filed federal and state using TurboTax 3/13 - Federal and state returns accepted 3/20 - State refund direct deposit received 5/23 - Received letter from IRS - they need to verify my identity before processing my return 5/23 - Verified identity with IRS, online 6/15 - Federal refund direct deposit received Congratulations. Even with e-filing it took 3 months. There is hope for me. :confused So, have you got your refund yet? My update: - paper filed 4/1/2022 for tax year 2021; received refund late last week. - eFiled 4/10/2021 for tax year 2020; still waiting for refund :oops: An update: Our refund on year 2020 taxes should be here in six weeks. YAYAYAYAYAYAYAAAAAYYYYYYY!!! Today, af...

I grew up behind a lawnmower, but as I approach 50 I'm beginning to reassess whether I shouldn't just pay somebody to take care of the mowing/edging/trimming etc. We live in a subdivision in Houston on a 8000sf lot with lots of beds. I do enjoy some lawn care, just not the 3-4 hours per week. I travel with my job (3-4 days gone per week) and always feel like I don't have enough time on the days off. I would just like more time to do the things I want to do, especially now that the kids are almost gone. Our income level/hourly wage more than dwarfs the cost of lawn care. I recently hired a pool company to take care of the pool, so maybe its just a trend..... My question is has any other Bogleheads reached this conclusion and do you have any...

mud wrote: ↑Fri Mar 03, 2023 2:22 pm I use a Synology NAS connected to my network to backup all home computers. Works great for us, especially given the amount of data I store on it (in the dozens of terabyte range).

For single computers, it's hard to beat the Backblaze $6/computer/month for unlimited storage, if your internet connection is fast enough.
[...]

On the contrary, it is very easy to beat it ($72/year for online backup), especially for only one computer. I don't need "unlimited" storage. One terabyte is more than enough [I have 1.5 and 3 TB external hard drives]. Those cost less than $200 together.

I need some help here quick to make a decision for my bonus 401k election which is due in a few hours. I am trying to make use of the mega roth conversion opportunity I have and I have this dilemma that I am stuck in. Right now all my 401k contributions are roth and my IRA is roth which would be put me in the 22% tax bracket. Should I do some pre-tax contributions to bring myself into the 12% or would that not matter in the grand scheme of things? Is there a universal rule or is it really specific from person to person? Didn't read all replies - sorry! - your Roth IRA wouldn't change your tax bracket from 12% to 22% or vice versa - if your Roth 401k vs traditional IRA decision results in the 12% <--> 22% tax bracket seesaw, here is my sugg...

TomatoTomahto wrote: ↑Sat Aug 06, 2022 1:14 pm Pretty much what theorist said. Btw, I misread your username and was going to say that it checked out. What the L?

I think the username should be secondwordproblems