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Started By
Message
re: ROTH Income Limits, Recharacterizing, Back Door
Posted on 4/21/15 at 10:40 am to Dusty Bottoms
Posted on 4/21/15 at 10:40 am to Dusty Bottoms
quote:
HCE limitations are the greatest injustice I have experienced in our tax system. AMT is a close second. My wife and I are trapped in the dreaded sweet spot. We want to save for retirement but are severely restricted, while those who make more AND those who make less than we do can save more and enjoy the tax advantages of doing so.
we are in the same spot. We save a ton but don't get the tax benefits that others do, but we max out our 401ks and are happy with the $35000 tax free we get.
for the backdoor to a roth, you can get screwed on taxes if you rolled over a 401k.
1
Posted on 8/5/15 at 7:34 pm to Hawkeye95
hate to bump such an old thread with a question but i figured it was most applicable to this thread:
me and my wife just got married on april 4th 2015, do we have to worry about this income limit regarding ROTH contributions for this current year?
my intial assumption would be yes because we technically got married in the 2014-15 fiscal year(4/15/14-4/15/15)
am i correct? currently we both have been contributing to our ROTH's since the marriage
me and my wife just got married on april 4th 2015, do we have to worry about this income limit regarding ROTH contributions for this current year?
my intial assumption would be yes because we technically got married in the 2014-15 fiscal year(4/15/14-4/15/15)
am i correct? currently we both have been contributing to our ROTH's since the marriage
This post was edited on 8/5/15 at 7:35 pm
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