@femme_financial: Replying to @Lex | Petite Fashion how to do a Backdoor Roth IRA! #rothira #PersonalFinance

Femme Financial Coaching
Femme Financial Coaching
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Region: US
Thursday 18 January 2024 22:25:43 GMT
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auggiearchives
auggiearchives :
Why is this legal vs directly putting $ to Roth IRA via direct deposit?
2024-01-20 22:42:19
5
jaydepanos
Jayde Panos :
Great info, can you do a video on the pro rata rule?
2024-01-18 23:40:02
6
marcushalberstram2
Marcus Halberstram :
There is no way this is right.
2024-01-28 06:54:34
2
tracyphamthai1738
tracyphamthai1738 :
Why don’t you convert the whole amount over?
2024-01-19 20:26:13
3
heyissafoodie
heyissafoodie :
Can you explain the mega backdoor Roth?
2024-01-19 03:58:56
3
user156424256299
aaron dean :
401K Roths do not have an income limit..
2024-01-28 08:54:06
3
paul9999x
Texas Paul :
What if you’ve maxed out a 401k, can you still do this?
2024-01-27 21:08:05
1
steam5811
steam5811 :
if you have to do pro rata, good luck!
2024-01-28 02:08:10
2
ju1z10
J :
So I had my fin advisor do this and I just got a 1099-R for the distribution from my Ira. Does that sound right
2024-01-19 11:50:18
2
pandachibaby
Pandachibaby :
What is the benefit? Why do a back door?
2024-01-19 15:50:39
0
samuel_e_man
samuel_e_man :
This seems wrong. I make $250k … there is no way this can be done
2024-01-28 04:12:46
2
alexis_miley
Alexis Miley :
Thank you so much!!🤍
2024-01-18 22:30:20
1
ciarannm20
Ciara :
If I don’t have either yet do I have to create both?
2024-03-21 20:34:06
1
maddd_city
maddd_city :
What about recharacterizing vs withdrawal method
2024-04-07 10:56:10
1
procraneop01
procraneop :
I didn't think I'd make over 153k, but did and I maxed out my Roth early in 23' now what?
2024-01-28 03:22:42
3
bs123xyz
bs123xyz :
You forgot to mention you have to pay taxes during tax season
2024-01-28 00:44:31
1
dubt0wn
Dubtown :
High Income earners aren’t eligible for the deduction . Conversions are taxable. Do better.
2024-01-28 03:41:28
4
docpilot
docpilot :
lol half baked info .. this will become a distribution from your ira..
2024-01-28 04:44:11
4
mufcbusby1878
MUFC.1878 :
1 huge piece that’s missing. You have to file an 8606 form to show that this is not a taxable event. If not you are liable for taxation.
2024-04-05 19:26:18
1
heartshapedjes
heartshapedjes ❤️ :
Wait you have to do traditional first? It can’t just be straight to Roth IRA when investing?
2024-02-12 21:42:22
1
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