Search found 6009 matches

by Duckie
Fri Nov 16, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA rollover to 403b witholding amount
Replies: 14
Views: 260

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: 14
Views: 260

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: 14
Views: 260

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: 497

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: 439

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: 158

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: 312

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: 31
Views: 3880

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: 2306
Views: 1455788

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: 291

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: 191

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: 1133

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: 565

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: 909

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: 1289

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: 2751

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: 685

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: 685

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: 2751

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: 907

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: 1289

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: 762

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: 1536

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: 1044

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: 3209

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: 2751

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: 762

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: 2751

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: 2751

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: 559

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: 908

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: 1320

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: 337

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: 1534

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: 1376

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: 979

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: 9262

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: 657

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: 1521

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...
by Duckie
Wed Oct 24, 2018 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-advantaged retirement options for an expat?
Replies: 2
Views: 281

Re: Tax-advantaged retirement options for an expat?

Which I hope to simplify as: Roth IRA contributions are ideal but you can only make these if you are making more than zero after certain tax exclusions but less than $135k gross if you’re unmarried or $189k gross if you’re married. If you make more than that, you can only do a traditional IRA. Is t...
by Duckie
Wed Oct 24, 2018 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: UGMA accounts best option?
Replies: 6
Views: 461

Re: UGMA accounts best option?

I did a quick search on the IRS website and it mentions that gifts above the threshold typically need to be reported by the donor. Given that the donor doesn’t live in the US / not a US citizen this doesn’t apply. Let’s say the grandparents give $20,000 in a year, would I need to report that at all...
by Duckie
Tue Oct 23, 2018 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Another portfolio review request:
Replies: 4
Views: 637

Re: Another portfolio review request:

Poster is 76, spouse is 71. Questions: What would be the ideal stock/bond ratio, There is no ideal, there is just what you can stomach. At your ages I recommend 40% stocks and 60% bonds. and should it contain international funds? That's a personal preference. I think it should. If so, what percenta...
by Duckie
Tue Oct 23, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for rebalancing 401K composition
Replies: 4
Views: 354

Re: Suggestions for rebalancing 401K composition

mrtoad , welcome to the forum. I am trying to rebalance my 401K composition and am looking for input on how best to approach based on my options. <snip> The International Stock and Bonds components seem straightforward with VTIAX and VBTLX, respectively. I am curious how to approach the US stock be...
by Duckie
Tue Oct 23, 2018 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Invest Plan/Asset Allocation - roughly 2 milion
Replies: 5
Views: 752

Re: Help with Invest Plan/Asset Allocation - roughly 2 milion

shilpat , welcome to the forum. Vanguard Advisor has proposed a plan for us. Would love to get your input on the plan. I have tweaked the plan based on my research and would love input on the tweaked plan as well. Unless there is some problem with fees, I would make it a lot simpler: 49% VTI/VTSAX ...
by Duckie
Tue Oct 23, 2018 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance portfolio design
Replies: 3
Views: 541

Re: Inheritance portfolio design

Standing to inherit a high six-figures sum next year and I am looking to get some feedback on a hypothetical portfolio. The portfolio would be at Vanguard in a taxable account. <snip> Funds I'm interested in; VTSAX Vanguard Total Stock Mkt Idx Admiral VTIAX Vanguard Total Intl Stock Index Admiral V...
by Duckie
Tue Oct 23, 2018 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA earned income qualifying period
Replies: 9
Views: 902

Re: ROTH IRA earned income qualifying period

So would my eBay sales this year be considered earned income, even though they're not over $20,000? Yes. You will need to file Schedule C to show your profit and Schedule SE for your self-employment tax (social security/medicare). From what I've read, only earnings over $20,000 are taxed, but you s...