When do you "find out" if you've messed up the Backdoor IRA

[Badxmojo]

Yeah I feel like at this point its all a bit of a blur. Even when I go on my vanguard website the records are not super clear. When looking a the records...

[Badxmojo]

I'm not sure that I have until the last few years, unless Turbotax automatically prompted me to fill it out. I'm okay if I overpaid a little. For me...

[Badxmojo]

Hello everyone,

Newbie question. I might just be paranoid and overthinking it...I've been following this forum for a few years now and its...

[Badxmojo]

okay great thanks for letting me know. Atleast now I know I need to get that second 1099R...

[Badxmojo]

Ahh okay good to know they are definitely separate. I did try to track it down online.. and keep getting an error message when I click on taxes/forms....

[Badxmojo]

I've been trying to, but the wait times are over 1 hour. I'm going to keep trying periodically

Thanks for your input!...

[Badxmojo]

Vanguard, retirement account is with vanguard, and the personal IRA is also with Vanguard...

[Badxmojo]

Hello Folks,

Looking for some advice from folks who have been there done that. I started working on my taxes


I completed...

[Badxmojo]

Ah okay thanks for the clarification. Doesn't look like the part time employer offers any type of 403b or 401k plan.They are just going to be giving me...

[Badxmojo]

Unfortunately my primary employer put a 10% limit on my NRAT contributions. I'm unable to increase my megaback door Roth :-(...

[Badxmojo]

Hello Folks,

Was hoping to get some advice on if there are an tax friendly accounts that I should be using for a part time job that I was...

[Badxmojo]

Hello Folks,

I know this is a bit of a "timing the market post" so I'm a wary of posting this lest I get flamed but I would like...

[Badxmojo]

I know this is written in english.. but I really don't understand any of this. smh... I need to up my personal finance game. Thank you for the advice...

[Badxmojo]

Thanks for the advice!...

[Badxmojo]

I only bought $6000 (60 shares)...

[Badxmojo]

That's a fair point. I'm still new to anything other than run of the mill investing. I did my first back door Roth a few years ago..and then after discovering...

[Badxmojo]

Hello all,


Years ago, when I was an young, foolish inexperienced investor and thought I could stock pick I bought about 6K worth of...

[Badxmojo]

Hi Guys Newbie here,

Was wondering if anyone could shed some light on this for me. I'm trying to understand 401k and 403B accounts better...

[Badxmojo]

Thank you!...

[Badxmojo]

- I do have a car with auto insurance and rental insurance which is required by my apartment building.


To your point regarding starting...

[Badxmojo]

Hello everyone,

I searched the forum for this but couldn't find quite what I'm looking for. I've been a member of this forum for about 2...

[Badxmojo]

Thank you!...

[Badxmojo]

My apologies for another Mega Back Door Roth question.. I searched the forum and couldn't find anything that specifically answered this, (probably because...

[Badxmojo]

I think even if you have vanguard it is employer specific. I can do the MBDR, and my company uses Vanguard but it has to be done manually.

[Badxmojo]

Yeah make sense. I wish this info was readily available...

[Badxmojo]

You know I remember a few years ago that actually was available. For some reason when our plan changed they no longer showed that and that section was...

[Badxmojo]

Yeah you can do a cashout.. but you would have to wait to find out what the amount is until you actual retire....

[Badxmojo]

Thanks for your feedback...I think you make good points...I definitely can't solely count on the pension which is why I'm trying to also max out 403B,...

[Badxmojo]

I've read it twice.. and honestly don't understand it much. I think it assumes that you are working at the same company until 65 and then taking the benefit....

[Badxmojo]

I hear you. I'm also a kaiser employee! You are right there doesn't appear to be an inflation marker. That being said do my numbers make sense?
...

[Badxmojo]

Hello Folks,

Weird question but was hoping I could get some input of estimating/calculating the present day value of my companies defined...

[Badxmojo]

I've been thinking about this more. Is this lump sum something you ask your employer if you can do? or the brokerage? Like ask if you can cut them a check...

[Badxmojo]

Thank you!...

[Badxmojo]

Okay thank you. So It looks like its going to be difficult for me to keep my personal Roth contributions that I do every year in January separate from...

[Badxmojo]

Hello folks

Would like some to get a few opinions on my recent Mega Back Door Roth (MBDR). This is my first time doing it. I have read a...

[Badxmojo]

Thanks WCI, do you have a link or blog post that explains what would happen if I didn't? My 2020 resolution is to actually understand the "prorata...

[Badxmojo]

Hi folks,

I completed the Backdoor Roth in January of last year. I think I got busy after putting the money in the traditional IRA &...

[Badxmojo]

JBME can you elaborate on what "pro rata" is? I was under the impression it was paying taxes on the additional amount above 6K. But based on...

[Badxmojo]

Hi guys,

I recently re balanced my portfolio in Vanguard for my TSA and Supplemental Retirement accounts (both by employer). After reading...

[Badxmojo]

My first "after tax contribution" is on December 26th. When I spoke to one of the reps on the phone they stated it would only be allowed to...

[Badxmojo]

So I think the discrepancy lies in the fact that I'm not a physician and therefore not work for the physician group. I work as a clinical pharmacist and...

[Badxmojo]

lol..okay good advice.Thanks!...

[Badxmojo]

Just planning for the future, I think in a year or two I might hit that 7 figure net worth threshold..... is it worth becoming an accredited investor?...

[Badxmojo]

Interesting, Kaiser Mid Atlantic uses Vanguard for our retirement accounts. I don't believe we have a fidelity option. I spoke to the Vanguard rep and...

[Badxmojo]

No I can not, I can only take a max of 10% out of each paycheck...

[Badxmojo]

Thanks man. I actually called up Vanguard yesterday and spoke to someone. He walked me through the process. I'm allowed to switch it over anytime I want....

[Badxmojo]

Mid Atlantic

[Badxmojo]

I think if you have the ability to do it and won't need the money in the immediate future it's a good idea. I don't see taxes going down in the future..most...

[Badxmojo]

Hello everyone as the title of my post suggests I'm looking for some guidance on the logistics of completing a Megaback Door ROTH (MBDR) starting in 2020....