Search found 6016 matches

by Duckie
Sun Nov 18, 2018 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k worth it, if I can only put $3200 a year in it?
Replies: 14
Views: 758

Re: solo 401k worth it, if I can only put $3200 a year in it?

mrtimo wrote:How much are such plans? Any recommendations on where to set one up?
Here are two articles by tfb who did this:
by Duckie
Sun Nov 18, 2018 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) alternatives
Replies: 3
Views: 282

Re: 401(k) alternatives

I am trying to find a non-IRA pre- or post-tax retirement investment option that may be available to me this summer, given that I will not have access to a 401(k). Worst-case scenario I will just invest in a taxable account, but I would like to explore other possibilities first. If your W-2 employe...
by Duckie
Sat Nov 17, 2018 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: Simple procedural question on Backdoor Roth
Replies: 3
Views: 313

Re: Simple procedural question on Backdoor Roth

Since IRAs are individual accounts, I guess I should be opening 2 Traditional IRAs and 2 Roth IRAs and do the conversion. Is that right? Yes, if you mean one TIRA and one Roth IRA for you and one TIRA and one Roth IRA for your spouse. Should we get individual online access for these 2 sets of accou...
by Duckie
Sat Nov 17, 2018 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Betterment taxable account to Vanguard taxable, help on tax efficiency
Replies: 6
Views: 502

Re: Moving Betterment taxable account to Vanguard taxable, help on tax efficiency

Does this sound like a reasonable tax efficient plan? (FYI, I live in CA, highest federal tax bracket, 11.3% CA tax bracket. Will be itemizing). I'm concerned I'm missing something. It sounds reasonable. Is there a benefit to a DAF (donor advised fund) vs just donating individual shares as I go? Th...
by Duckie
Sat Nov 17, 2018 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Best Mutual Funds To Invest In With a New BOA Merrill Edge Roth IRA?
Replies: 5
Views: 515

Re: Best Mutual Funds To Invest In With a New BOA Merrill Edge Roth IRA?

However, whereas my elections for my 403(b) were very limited for mutual funds, the options offered through Merrill Edge are enormous. There are thousands to choose from. So I need help narrowing it down. First look for index funds or ETFs that have no-trading fees (commissions) and are no-load. Th...
by Duckie
Sat Nov 17, 2018 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Index Fund - What account to place it in?
Replies: 3
Views: 624

Re: Bond Index Fund - What account to place it in?

Where should I put my bond index fund? Read the wiki on tax efficient placement but stated that either strategy could work - putting bonds in tax efficient and tax inefficient accounts. For most non-retired people, bonds are best in tax-sheltered accounts and preferably pre-tax not Roth. However, t...
by Duckie
Sat Nov 17, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA rollover to 403b witholding amount
Replies: 25
Views: 659

Re: Traditional IRA rollover to 403b witholding amount

Is it OK to just do the conversions rather than go through the hassle of a rollover to 403b? You are allowed to convert the entire amount without rolling any pre-tax amounts over. It just means you'll pay taxes on all the pre-tax amounts that you convert. If those amounts are small and the tax-hit ...
by Duckie
Fri Nov 16, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA rollover to 403b witholding amount
Replies: 25
Views: 659

Re: Traditional IRA rollover to 403b witholding amount

Yes, I have contributed $4000 for 2018 so far, to ROTH. I'm confused. Did you contribute the $4000 directly to the Roth IRA or did you contribute it to the TIRA and already converted it? I plan to convert $1500 from TIRA to ROTH in 2018. Why are you converting in pieces? Also, yes, come Jan 2019, I...
by Duckie
Fri Nov 16, 2018 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA rollover to 403b witholding amount
Replies: 25
Views: 659

Re: Traditional IRA rollover to 403b witholding amount

What will happen if I end up just converting part of the TIRA to ROTH (I still have $1500 space for 2018 for ROTH backdoor), then convert the rest about $2500 to 2019 ROTH? You can make many conversions in a year. They'll be totaled into one number on the 1099-R. But don't convert anything until yo...
by Duckie
Fri Nov 16, 2018 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA rollover to 403b witholding amount
Replies: 25
Views: 659

Re: Traditional IRA rollover to 403b witholding amount

I would like to confirm that this TIRA is non deductible and funded with after tax dollars. In speaking with my employer 403b plan administrator, I cannot roll over any after tax TIRA funds into this account since it is after tax dollars. It is not a huge amount, but are there any other means to ta...
by Duckie
Thu Nov 15, 2018 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: best method for selling stocks/funds in taxable acct.
Replies: 4
Views: 525

Re: best method for selling stocks/funds in taxable acct.

What is the best way to withdraw the needed funds? Sell all orders that have yielded a net loss so they can be deducted on my taxes this year? Then, what is the next best step? It depends on how much you need for the purchase. Once you've sold all the assets with losses, you could sell long-term as...
by Duckie
Thu Nov 15, 2018 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA conversion and possible early withdrawl
Replies: 6
Views: 454

Re: Roth IRA conversion and possible early withdrawl

-suppose I have $2000 in traditional IRA, and $4000 in Roth IRA now -I convert the $2000 traditional IRA into Roth IRA in December 2018 (at that point, I will have $6000 in Roth) -I don't make any contributions to IRA in the next few years -In 2020, I take a $3000 withdrawl from my Roth IRA, Is the...
by Duckie
Thu Nov 15, 2018 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: Roll IRA into Employer 401k? Then Backdoor ROTH ?
Replies: 1
Views: 169

Re: Roll IRA into Employer 401k? Then Backdoor ROTH ?

LFT_PFT wrote:Am I missing anything here? Are there other considerations to be aware of?
Since the 401k options are low-cost and diversified I don't see any problems.
by Duckie
Wed Nov 14, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 529 Plan
Replies: 2
Views: 349

Re: Help with 529 Plan

I am expecting a baby in January and have been thinking about a 529 plan. I live in Massachusetts. I have narrowed it down to MA 529 Fidelity plan and the Nevada Vanguard 529 Plan. If I invest in the Nevada plan, will I still be able to get the 529 tax deduction in MA? No. In order to get the $1000...
by Duckie
Mon Nov 12, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Assistance and Retirement Advice
Replies: 32
Views: 4079

Re: Portfolio Assistance and Retirement Advice

mikeinvest , welcome to the forum. I've missed the 'why' behind not auto-reinvesting dividends and cap gains. Can you enlighten me or point me to a link that would explain? Automatic reinvesting is fine in tax-sheltered accounts because selling doesn't trigger taxes. But in taxable, where selling c...
by Duckie
Mon Nov 12, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2308
Views: 1456801

Re: The Three-Fund Portfolio

Thanks to competition from Vanguard, Fidelity recently introduced an international index fund (VZILX) with "zero" cost. Talk to Fidelity about switching. Is this fund not listed yet? I can’t find it in my Fidelity app. Wondering if I need to contact Fidelity directly? It's F ZILX, not V ZILX. ( FZI...
by Duckie
Sun Nov 11, 2018 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 401K investments
Replies: 6
Views: 294

Re: Help with 401K investments

I've copied and pasted the funds, amount invested, return to date, etc below and am open to any advice on improving this moving forward. You have too many funds many of which are rather expensive. I don't know what your plan expense ratios are but the following are the best options of those listed:...
by Duckie
Sun Nov 11, 2018 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: NJ Deferred Comp 457 - Help with Allocations
Replies: 3
Views: 199

Re: NJ Deferred Comp 457 - Help with Allocations

casey6632 , welcome to the forum. Here are my current investments and below I have listed all of the options that I can choose from. Any advise as to how I should change my allocations? Current Allocations: Name and percentage of Holdings: PIMCO All Asset Instl 9.38% Large Cap Value / LSV Asset Man...
by Duckie
Sat Nov 10, 2018 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup - for the first time
Replies: 8
Views: 1146

Re: Portfolio Checkup - for the first time

Age: 46/46 Desired Asset allocation: 90% stocks / 10% bonds 10% bonds is very aggressive for your ages. I'd be at least 30% bonds. Desired International allocation: 5% of stocks That's less than 5%. Why bother? His 401k – Fidelity 6% Company Match 30.38% $199,618.00 GROWTH FUND OBLF 0.43 Dump this....
by Duckie
Fri Nov 09, 2018 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Best type of retirement plan for small nonprofit?
Replies: 10
Views: 567

Re: Best type of retirement plan for small nonprofit?

SIMPLE 401(k) - never heard of this before, but seems rare It is rare. It has the disadvantage of the lower contribution limits of a SIMPLE IRA and the higher paperwork requirements of a 401k. Any other options I've missed? Yes, but none of the following would be useful in your case. SARSEP Payroll...
by Duckie
Thu Nov 08, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Need Advice Regarding Where to Put Retirement Funds
Replies: 7
Views: 910

Re: Need Advice Regarding Where to Put Retirement Funds

JMA304 wrote:Through my employer, I have direct access to the Vanguard Institutional Index Fund Institutional Plus Shares [VIIIX] fund.
Does your employer also offer an extended market fund? That would cover the missing 20% mid/small caps found in Total Stock.
by Duckie
Thu Nov 08, 2018 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Tax efficiency in retirement
Replies: 6
Views: 1294

Re: Tax efficiency in retirement

I’ve initiated the transfers on my own IRAs and will hopefully get DW’s solo 401k going shortly. I don't know where she plans to open the solo 401k but be aware than Vanguard's solo plan does not allow incoming rollovers. So since she needs to "hide" her non-Roth IRAs, Vanguard is not suitable. Wha...
by Duckie
Thu Nov 08, 2018 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Military Pilot- 8/10 yrs to FIRE, need help! BONDS/ Taxes
Replies: 22
Views: 2753

Re: Military Pilot- 8/10 yrs to FIRE, need help! BONDS/ Taxes

At Vanguard you can exchange from one Vanguard fund to another. You can't exchange if one of the funds is not Vanguard. In that case you have to sell and buy. If I exchange, will it still register as a "gain" to impact taxes or no? An exchange is a sell/buy without going through the two separate st...
by Duckie
Thu Nov 08, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: 30 - Portfolio Strategy - Tax efficiency questions
Replies: 4
Views: 690

Re: 30 - Portfolio Strategy - Tax efficiency questions

His Rollover IRA-77.5k - vanguard target 2055 (VFFVX) (.15%) [this account will get rolled into his new 401k plan before EOY] His 401k -0- at Vanguard - job starts next week His Roth IRA-24k - vanguard target 2055 (VFFVX) (.15%) His Traditional IRA-11k - vanguard target 2055 (VFFVX) (.15%) [this ac...
by Duckie
Wed Nov 07, 2018 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: 30 - Portfolio Strategy - Tax efficiency questions
Replies: 4
Views: 690

Re: 30 - Portfolio Strategy - Tax efficiency questions

ltv , welcome to the forum. Age: 30 Desired Asset allocation: 80% stocks / 20% bonds Desired International allocation: 30% of stocks This is reasonable. It breaks down to 56% US stocks, 24% international stocks, and 20% bonds. Current retirement assets All accounts are Vanguard except her 401k Taxa...
by Duckie
Wed Nov 07, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Military Pilot- 8/10 yrs to FIRE, need help! BONDS/ Taxes
Replies: 22
Views: 2753

Re: Military Pilot- 8/10 yrs to FIRE, need help! BONDS/ Taxes

I stopped all automatic re-investments in Taxable. Good. Moved my tTSP and ROTH TSP ($60,000) to G Fund. I can not move them independent of one another. Okay. What about his TSP? Invested 20,000 into Total Stock. Is this in taxable? Did you sell something or is this part of the $50K from checking? ...
by Duckie
Tue Nov 06, 2018 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: 403B, is mine even worth it?
Replies: 10
Views: 908

Re: 403B, is mine even worth it?

jwils118 , welcome to the forum. Any suggestions? The only way to see what's best is to contact every custodian on the list and get their options. You need the fund names, ticker symbols, and plan expense ratios. Plus you need the custodian's extra maintenance fees, etc. Just a couple of decent low...
by Duckie
Tue Nov 06, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Tax efficiency in retirement
Replies: 6
Views: 1294

Re: Tax efficiency in retirement

$1.2M in tax deferred 401ks/ IRAs - going to try and consolidate IRAs with current employer 401k so I can do backdoor Roths. DW is self employed so not sure what her options are. The self-employed have three basic retirement plans: Solo 401k -- The option to choose if she wants to use the backdoor ...
by Duckie
Tue Nov 06, 2018 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Allocation % - Target Date 2040 Fund vs Custom selection
Replies: 6
Views: 763

Re: 401K Allocation % - Target Date 2040 Fund vs Custom selection

I am currently contributing 7% to 401K and just set a ROTH IRA to add $250 a month to that IRA. Should I continue to do 7% in 401K plan or decrease to employer match 4% and take the rest and add it my Roth IRA instead? You have good funds in the 401k (if you use them), so contributing 7% is fine. I...
by Duckie
Mon Nov 05, 2018 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Order of Operations - What to hit first...
Replies: 8
Views: 1538

Re: Order of Operations - What to hit first...

I think I may only have a year or two left of ability to contribute to the IRA due to the married income cap... You show no non-Roth IRAs in your portfolio. That means when your income gets above the limit for direct Roth IRA contributions you will be able to use the Backdoor Roth IRA method withou...
by Duckie
Sun Nov 04, 2018 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: How often should I buy VASIX and ORTYX given that they have transaction fees?
Replies: 14
Views: 1047

Re: How often should I buy VASIX and ORTYX given that they have transaction fees?

I have brokerage accounts with Schwab. Both VASIX and ORTYX have $25/transaction fees. How often/how much should I accumulate before purchasing more of those funds? At least $1000 each and more would be better. And are there good equivalents I should use for temporarily investing cash rather than j...
by Duckie
Sun Nov 04, 2018 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for something 20 years from now
Replies: 24
Views: 3216

Re: Saving for something 20 years from now

I'm planning to put 800 monthly contributions to save for a payment about 20 years from now. <snip> Thoughts? The need for this money is 20 years away. I would invest the contributions according to my current retirement AA for now. That money might be all in stocks, all in bonds/cash, or mixed. In ...
by Duckie
Sun Nov 04, 2018 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Military Pilot- 8/10 yrs to FIRE, need help! BONDS/ Taxes
Replies: 22
Views: 2753

Re: Military Pilot- 8/10 yrs to FIRE, need help! BONDS/ Taxes

I need to check but would your TSP recommendations change if the accts were ROTH TSP vs Traditional TSP? I think there is money in each type but I didn't consider the implications of holding bonds in Roth vs Traditional until you pointed it out. I think we have a mixture of ROTH TSP and Traditional...
by Duckie
Sat Nov 03, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Allocation % - Target Date 2040 Fund vs Custom selection
Replies: 6
Views: 763

Re: 401K Allocation % - Target Date 2040 Fund vs Custom selection

gnk1975 , welcome to the forum. Should I stay the course or change to a Vanguard Index fund (VIIX), Vanguard Extr index market fund (VIEIX) and lastly a Vanguard bond fund. Vanguard has way lower expense ratios of 0.02 Yes, swap. Without knowing your exact plan expense ratios I'm sure the following...
by Duckie
Sat Nov 03, 2018 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Military Pilot- 8/10 yrs to FIRE, need help! BONDS/ Taxes
Replies: 22
Views: 2753

Re: Military Pilot- 8/10 yrs to FIRE, need help! BONDS/ Taxes

Duckie, would you recommend TSP G or TSP F or a mix? Why? It seems that TSP F has higher returns (even with higher risk) and since we're not looking at immediate retirement/need for safety/income, it may be worth it? The G Fund is almost a "free lunch". It pays higher intermediate-term rates on sho...
by Duckie
Fri Nov 02, 2018 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Is "recharacterizing" the correct method/term?
Replies: 14
Views: 618

Re: Is "recharacterizing" the correct method/term?

so am I correct that I need to submit a form to "recharacterize" these Roth contributions in order to move the contributions to the Traditional IRAs? Your custodian can probably set this up over the phone and you won't have to fill out a form. Call first. And can I do this before the end of the cal...
by Duckie
Fri Nov 02, 2018 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Military Pilot- 8/10 yrs to FIRE, need help! BONDS/ Taxes
Replies: 22
Views: 2753

Re: Military Pilot- 8/10 yrs to FIRE, need help! BONDS/ Taxes

Bonds: How to get to 20% in bonds (where to invest, how much money would we need to get us to 15/20% within our portfolio?) Should I use to G fund in the TSP to hold the bonds? If so, what do I do with the LifeCycle we are currently investing into? Yes, use the TSPs for all your bonds. Instead of L...
by Duckie
Thu Nov 01, 2018 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: FTIPX Tax loss harvesting now?
Replies: 7
Views: 563

Re: FTIPX Tax loss harvesting now?

I currently own FTIPX in a taxable account, and thinking about tax loss harvesting(which I have never done before). The total loss on the investment is $2,253 (-8.4%) and I am thinking about selling it and buying something like a FSIVX or IXUS. FSIVX is only developed markets and covers about 70% o...
by Duckie
Thu Nov 01, 2018 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Paralysis by analysis
Replies: 4
Views: 909

Re: Paralysis by analysis

cap999 , welcome to the forum. Sitting on the cash in the IRA due to getting rid of some funds. How best to put that to work? See below. I'm stuck on how best to split things up? Mirror 3 or 4 index funds in the 3 accounts or split the weighting between them? Don't mirror. Pick the best options in ...
by Duckie
Thu Nov 01, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: 401k rollover funds
Replies: 3
Views: 309

Re: 401k rollover funds

My son left his employment and has $50,000 in his 401k. He also has $150,000 in Ally savings account. The TRowe Price funds in his 401k seem to be good funds but he wants to rollover the $50K into an IRA at Fidelity. If he is anywhere near the income limits for direct Roth IRA contributions, he sho...
by Duckie
Wed Oct 31, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: NY 457/Settlement Advice
Replies: 13
Views: 1342

Re: NY 457/Settlement Advice

drayno2001 , welcome to the forum. I currently have $40k in my Roth IRA through American Funds which was set up by my parents when I was in HS. I found out the ER is .77% which seems high from what I've read. I don't know if there are any other fees associated with the account. Right now I'm set up...
by Duckie
Tue Oct 30, 2018 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor: Cap on Distribution to Roth IRA?
Replies: 12
Views: 955

Re: Mega Backdoor: Cap on Distribution to Roth IRA?

Am I able to make a $5500 deposit into a new tIRA this calendar year and then perform the transfer to a Roth account immediately thereafter, or because I already transferred $4900 from a tIRA to a Roth account I'm not able to do so again this year (ignoring the $600 available headroom)? Yes, as lon...
by Duckie
Tue Oct 30, 2018 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Self Employed 401K with transfer of traditional IRA
Replies: 6
Views: 338

Re: Self Employed 401K with transfer of traditional IRA

FinancialChewtoy , welcome to the forum. Does the non-1099 job affect the amount she can contribute to the SE-401K from 1099 sources? I don't think it does, but need confirmation. The non-1099 job does not offer a retirement plan and is also hourly (county government job). No. It would only affect ...
by Duckie
Mon Oct 29, 2018 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: VWELX, VTSMX [Vanguard Wellington, Total Stock Market]
Replies: 7
Views: 1536

Re: VWELX, VTSMX [Vanguard Wellington, Total Stock Market]

ge_trojan , welcome to the forum. I was planning to put $3000 in VWELX in a Roth to get started with my Vanguard account. Now I am wondering if it might be better to go with VTSMX. Well, it's an IRA so changing your mind won't trigger taxes but it's a Roth IRA which means stocks are better and VWEL...
by Duckie
Mon Oct 29, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to start investing in the 3 fund portfolio
Replies: 1
Views: 316

Re: Best way to start investing in the 3 fund portfolio

DLutz4714 , welcome to the forum. I'd like to invest $500 monthly on top of my current 401K contributions. Unless you're buying ETFs, you need $1000 to buy the cheapest funds at Vanguard and $3000 to buy one of the three funds in the Three-Fund Portfolio. So save up until you have that amount. The ...
by Duckie
Sat Oct 27, 2018 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: sold condo that was given to me, taxes owed?
Replies: 17
Views: 1378

Re: sold condo that was given to me, taxes owed?

Regardless, am I responsible to report to my accountant at the end of the year and pay taxes on the amount that my portion was sold for? Yes. Since the condo was a gift you need to find out your parents' cost basis. You will owe taxes on your portion of the sale (50%) minus your portion of the basi...
by Duckie
Sat Oct 27, 2018 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help! Pick which stocks to sell off
Replies: 11
Views: 980

Re: Help! Pick which stocks to sell off

I was recently gifted a number of stocks. Each has fairly significant long-term capital gains. I would be paying 15% in capital gains by selling off some. I have about $60,000 in tax loss harvesting this year so far. How would you do this? Better to focus on paying no additional taxes / sell off on...
by Duckie
Fri Oct 26, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend's Student Loans
Replies: 101
Views: 9269

Re: Girlfriend's Student Loans

CedarWaxWing wrote:By age 32ish...she should have paid it off by now however, so why did she not get that accomplished?
He's 32. We don't know how old she is. Being a "newly minted" teacher she could be as young as 22.
by Duckie
Thu Oct 25, 2018 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA?
Replies: 9
Views: 659

Re: Backdoor Roth IRA?

regaphysics wrote:I've read that I am allowed to contribute to an IRA despite not having earnings because my wife has enough income for both of us (and we file jointly) - is that correct?
Yes.
by Duckie
Wed Oct 24, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Consulting income-how to manage taxes?
Replies: 15
Views: 1527

Re: Consulting income-how to manage taxes?

if I open a SEP IRA (with 25% of the consulting compensation?) and then rollover the SEP IRA into my husband's employer's 401K before the end of 2018, there would be no pro rata impacts for the backdoor Roth that I already did this year. Is this the best/easiest option for me to save money on taxes...