- 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
Dumb IRA question
Posted on 12/8/18 at 1:42 pm
Posted on 12/8/18 at 1:42 pm
I've done some research and need to start contributing. Don't have an account
My current salary is over the Roth limit. However my 2018 tax return will be well below since I started my new job in October and I was unemployed a few months.
Do I need to backdoor this year or can I just set up the Roth? Is vanguard the best site to start on?
My current salary is over the Roth limit. However my 2018 tax return will be well below since I started my new job in October and I was unemployed a few months.
Do I need to backdoor this year or can I just set up the Roth? Is vanguard the best site to start on?
1
Posted on 12/8/18 at 1:55 pm to tween the hedges
Based on your 2018 earnings not salary. You can just contribute to the Roth IRA as long as your AGI doesn’t phase out. Otherwise, contribute to a Traditional IRA and then backdoor if you’d like.
This post was edited on 12/8/18 at 2:06 pm
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News