Recent content by Davaldez21

Why don’t you consider the lower RGV? I live here. Hispanic/ Mexican culture is stronger than El Paso. The area is much nicer and newer especially Hidalgo county (Mission, McAllen, Edinburg metro). It has South Padre Island, good size towns with all the amenities, nice, relaxing rural towns like...

Hello, I finally started my journey to FIRE! I started my Roth IRA this past year for 2015. However my job does not offer 401k, so wanted a few inputs on how to invest additional monies. Background: 28 yrs old, Married Income 145000 Free Medical Insurance via Job (No need for HSA) No self...

thanks for the replies. I do understand most of the points. However, when you convert non deductible funds from a TIRA pool, you cannot convert the non deductible portion to roth tax free, unless you convert the whole amount, since everything is now pro rated, correct? as in above examples...

so just to clarify. If you pay taxes on an amount of non deductible IRA and want to immediately convert to Roth same year, would that money (or part) be actually double taxed in the same year? Or when do you get the extra tax hit?

So what would be tax liability for 2 examples, both total of 200k: Scenario 1: TIRA:50k, NonDeductible IRA:150k Scenario 2: TIRA:150k, NonDeductible IRA:50k Lets say you want to convert part of the total to Roth. Would you pay taxes at time of conversion? Just trying to understand it better...

I wanted to educate myself on how a backdoor IRA affects an existing Traditional IRA. If one has money in a traditional IRA and then some separate money in a non deductible IRA (already taxed based on income limits since not qualifying for TIRA) which one wants to convert to Roth, I read the...

thanks

thanks, i will call VG this wk.

How do 401ks work? My job does not offer a 401k, but in a couple a years when my wife starts working and her employer offers a 401k, can i open one via her job, or do I need to fina an employer to sponser me?

Well since my job does not offer a 401k limits go up to 180...close to that.

We currently make 140k, my wife will start working in 24 months, we should be at 180-200k (I would be working a few less hrs once she starts working). I was hoping to do a traditional deductible IRA due to my tax bracket. If I do regular deductible IRA can I switch it and pay taxes at the end...

Thank You for replies. I work in the medical field, no HSA since our health insurance is free, part of my job. I would have to talk to my tax agent about a solo 401k. Additionally we currently make 140k, my wife will start working in 24 months, we should be at 180-200k (I would be working a...

Hello, My employer does not have 401k plans unfortunately, im 28 yrs old and I finally paid off my student loans and starting with my IRA this year. After maxing 11k on me and my wife IRA, where can i put my money to best invest. I only have low int debt of 3 percent (wife student loans...

Does picking Admiral vs Investor Shares really matter? (Besides diff in fees). The Admiral Shares have 10k minimum, I was interested in starting to max out IRA for me an my wife= 11k yearly currently.

Hello, just starting to start my IRA. Currently finishing in paying my student loans @ nearly 7 percent. I will have enough free income to start putting money into retirement. Stats: Income :145k Age: 27, Married (wife will start working later this year, adding 30-40K) Free Income: 2k monthly...