I've been listening to the "FIRE" community stating that it's best to max out pre-tax accounts and when you retire early, doing the conversions over to a Roth. This is assuming you will have a low enough income to be ...
Hi guys,
Lets say a person puts money into a Roth IRA, but then few years later, IRS penalizes this person because this person was making too much money. What would that penalty look like?
In 2019 I believe for a s...
Hello. Long-time lurker here. I'm hoping that someone here can help me.I'm trying to estimate my AGI (assuming rental income only), but am struggling to find straight answers. I have my lease agreements set up where I...
Our current employer does not offer 401K. Started to invest on Roth IRA from past 5 years. The max is only 5.5K yearly contributions we can as per IRS limits. But some of my friends who work has 401K offered by thei...
Is it possible to transfer traditional ira funds to a self directed roth ira?Thanks for your help!
Question? Is it possible to roll a 401k that I self direct into a single SDIRA that would hold both traditional and Roth monies. Right now my 401k has both traditional and Roth money commingled in a single account ...
I have recently noticed a few articles posted on mainstream sites such as marketwatch about back door Roth IRA. I am in a situation where I would like to put more that the maximum for my Roth. I am 33 years old a...
Hello All,
I'm new to real estate investing and heard some talks from some friends regarding investing with your traditional IRA and/or Roth IRA accounts. Currently, my IRA's are with Charles Schwab (but my current ...
how does contributing to a traditional IRA affect an application for a mortgage? Since the contribution lowers Adjusted Gross Income, does it reduce the "income" that would be counted towards paying down a mortgage...