- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Roth IRA
Posted on 1/13/22 at 2:50 pm
Posted on 1/13/22 at 2:50 pm
My company doesn't offer a 401K so I'm beginning the process of looking at a ROTH IRA versus traditional IRA. Thoughts?
8
Posted on 1/13/22 at 2:55 pm to HeartAttackTiger
only negative is you get capped in a roth
Posted on 1/13/22 at 2:55 pm to HeartAttackTiger
Do it.
Posted on 1/13/22 at 2:57 pm to Champs
quote:You have the same cap in a traditional.
only negative is you get capped in a roth
OP, are you W2 or 1099?
Posted on 1/14/22 at 6:44 am to HeartAttackTiger
quote:
My company doesn't offer a 401K so I'm beginning the process of looking at a ROTH IRA versus traditional IRA. Thoughts?
You sound young - Roth all the way
Posted on 1/14/22 at 7:09 am to HeartAttackTiger
Roth. Max it.
If you phase out due to income later, then do traditional
If you phase out due to income later, then do traditional
Posted on 1/14/22 at 11:24 am to HailToTheChiz
more pros / benefits to a roth ira vs traditional ira....
Posted on 1/14/22 at 3:13 pm to slater
Roth if your AGI is less than $129,000 or $204,000 filing jointly. No brainer. Do it for 2021 as you have until 4/15 to fund. $6000 a year max. If over then a traditional IRA but please do it and do it today.
Posted on 1/14/22 at 3:28 pm to HeartAttackTiger
Rather than starting a new thread about it - I had a backdoor question I will ask here. When doing a backdoor Roth do I have to do it all at one time or can I make several periodic backdoor contributions throughout the year?
Posted on 1/14/22 at 3:32 pm to HeartAttackTiger
I don't understand why IRA contribution limits aren't raised to the same as the contribution limits on a 401(k) in the event you don't have a 401(k) at work.
Posted on 1/14/22 at 4:01 pm to tgrmeat
quote:
Rather than starting a new thread about it - I had a backdoor question I will ask here. When doing a backdoor Roth do I have to do it all at one time or can I make several periodic backdoor contributions throughout the year?
Technically you can, as trad to Roth conversions are not supposed to be subjected to the once a year IRS rollover limit.
With that said, certainly the cleanest option would be to do a lump sump trad contribution then convert. You can also slowly contribute to a trad over the course of the year and then convert to Roth, but you'll be subject to tax on any gains while in the trad account at the time of conversion.
Posted on 1/14/22 at 4:22 pm to Puffoluffagus
quote:
Technically you can, as trad to Roth conversions are not supposed to be subjected to the once a year IRS rollover limit.
With that said, certainly the cleanest option would be to do a lump sump trad contribution then convert. You can also slowly contribute to a trad over the course of the year and then convert to Roth, but you'll be subject to tax on any gains while in the trad account at the time of conversion.
Thanks. That's what I was thinking. I think I will just wait until I have it all at once.
Posted on 1/19/22 at 9:39 am to HeartAttackTiger
I've got another Roth IRA question...again instead of starting a new thread.
I've just about completed my first year of contributing max to a Roth, nearly $6,000. I've currently got 100% of this through Vanguard in the VTI total stock market ETF by some recommendations on here of starting there with a low balance. At what point would ya'll recommend diversifying that into multiple ETFs?
I've just about completed my first year of contributing max to a Roth, nearly $6,000. I've currently got 100% of this through Vanguard in the VTI total stock market ETF by some recommendations on here of starting there with a low balance. At what point would ya'll recommend diversifying that into multiple ETFs?
Posted on 1/19/22 at 12:38 pm to Mark Makers
I think this depends on your age and risk tolerance. The general consensus is to increase the amount of bonds in your portfolio as you get closer to retirement. I would recommend some international exposure regardless of age. Google Vanguard 4 Fund Portfolio. I’m in my mid-30s and my portfolio looks something like this:
60% VTI US Stocks
20% VXUS International Stocks
15% BND US Bonds
5% BNDX International Bonds
You could gradually increase your international exposure by buying VT (combination of US and International stocks) instead of VTI periodically. Keep maxing out that Roth. You’ll be happy you did.
60% VTI US Stocks
20% VXUS International Stocks
15% BND US Bonds
5% BNDX International Bonds
You could gradually increase your international exposure by buying VT (combination of US and International stocks) instead of VTI periodically. Keep maxing out that Roth. You’ll be happy you did.
Posted on 1/19/22 at 12:52 pm to Dale Gribble
Thank you, I'm 33. I feel like i'm behind and probably should have started this Roth a long time ago. I have the hardest time grasping how much I should have put away for my retirement by now at my age. I'm not quite sure if i'm setting myself up for success or failure 
This post was edited on 1/19/22 at 12:56 pm
Posted on 1/19/22 at 7:08 pm to dovehunter
quote:
$6000 a year max.
7k if he can use the 1k catch up contributions depending if he is 50 or over
6500 catch up for 401k
This post was edited on 1/19/22 at 7:11 pm
Posted on 1/20/22 at 6:54 pm to Mark Makers
Not sure of your particular situation, but if you are trying to play catch-up, I would recommend contributing to your 401K as well if you’re eligible (at least up to the company match). HSAs are great retirement vehicles as well if you’re eligible. I wouldn’t sweat getting a late start on retirement savings. Just keep continuously contributing to your accounts and don’t try to time the market.
Posted on 1/20/22 at 9:40 pm to Dale Gribble
Also, don’t sleep on the plain Jane taxable brokerage account either.
Capital gains are far more favorable than ordinary income taxes, and it’s entirely plausible you may never pay the taxes on unrealized gains.
Capital gains are far more favorable than ordinary income taxes, and it’s entirely plausible you may never pay the taxes on unrealized gains.
Posted on 1/21/22 at 10:57 am to HeartAttackTiger
This post was edited on 10/27/22 at 12:52 pm
Posted on 1/21/22 at 11:10 am to slackster
quote:
Capital gains are far more favorable than ordinary income taxes
yup.
Page 1 of 2
Back to top
Follow TigerDroppings for LSU Football News