The answer is "No, they don't." -- HokieJay 04/28/2022 5:56PMInsert a Link
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Trying to make sure I'm not screwing up my retirement contributions -- Tafkam Hokie 04/28/2022 3:14PM The answer is "No, they don't." -- HokieJay 04/28/2022 5:56PM Don’t forget to maximize your HSA if you qualify -- beancounter77 04/28/2022 4:27PM I max mine every yr, my company seeds it with $4600 and I do the rest. Pay -- B777Fr8Dog 04/28/2022 8:04PM (a) I don't have an HSA, and (b) when I have had one, it's always been a -- Tafkam Hokie 04/28/2022 4:35PM Moot point if you’re not eligible, but just FYI next time, you don’t -- beancounter77 04/28/2022 8:12PM If you use a non employer plan, I'm guessing -- Tafkam Hokie 04/28/2022 9:44PM Correct, you will get a contribution tax form at the end of the year and -- beancounter77 04/28/2022 10:24PM I am fairly confident the traditional IRA and 401k contributions ... -- vt90 04/28/2022 3:17PM Did you know that a Roth IRA doesn't just collect money and you have to -- Hurley09 04/28/2022 4:03PM Oof, that's rough. At least you aren't 50 and finding that out. ** -- hoosnowahokie 04/28/2022 4:09PM LOL ... yep, I don't know much but I knew that. ** -- vt90 04/28/2022 4:05PM I didn't know that. I though it was an "either, or" proposition. -- EDGEMAN 04/28/2022 3:49PM Let me rephrase ... -- vt90 04/28/2022 3:52PM Roth contributions are non-deductible, but all earnings are tax free. -- EDGEMAN 04/28/2022 3:59PM Right, but as Hoke points out below ... -- vt90 04/28/2022 4:02PM Also there is an income cap for IRA contributions -- Hoke 04/28/2022 3:35PM Roth IRA also has income limits. -- Tank 04/28/2022 4:13PM Unless your 401k plan permits AT contributions to backdoor Roth IRA. -- Fatman 04/28/2022 4:29PM Income cap is not an issue. I just have no debt, no mortgage -- Tafkam Hokie 04/28/2022 4:04PM I don't believe there is an income limit for non-deductible traditional IRA -- vt90 04/28/2022 3:40PM You're right on non-deductible -- Hoke 04/28/2022 3:46PM True ... only benefits are that I am volume saving ... -- vt90 04/28/2022 3:48PM She can spend it, but you incur an additional penalty. -- EDGEMAN 04/28/2022 3:50PM Nice work Andy Dufrene. ** -- GreenvilleVT 04/28/2022 7:50PM She's smarter than that and she wants to retire too. ** -- vt90 04/28/2022 3:53PMTech Sideline is Presented By:
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