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Message
re: Roth IRA income limit
Posted on 11/19/20 at 8:49 am to TigerDeBaiter
Posted on 11/19/20 at 8:49 am to TigerDeBaiter
quote:
There is a lot more nuance than that.
On Vanguard, that is literally all you do. The only extra step is Form 8606 (I think that's it anyway) at tax time.
Here is a step by step on Vanguard's website LINK
quote:
Unless this is your first and only retirement vehicle.
I guess. Besides my 401k, SOLO 401k, my wife's 403B, 457, her Roth IRA, and her TRSL I oversee. But I probably don't know what I'm doing.
This post was edited on 11/19/20 at 9:09 am
Posted on 11/19/20 at 9:21 am to TheWiz
quote:
On Vanguard, that is literally all you do. The only extra step is Form 8606 (I think that's it anyway) at tax time.
Yeah not sure what he is talking about? I have done it through Fidelity no issues. really simple, only thing is you just have to wait for the funds to settle before doing the conversion.
Maybe it is harder when you are not using an online brokerage with all the tools right there?
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