My issue last year was the deposited funds weren’t available to convert right away. I checked daily and after a few days I was finally allowed to covert. By that time the traditional IRA had gained value and it was a big hassle to convert. Took weeks to straighten out. It would’ve been easier if there was a non interest holding account in the traditional IRA until they allowed me to convert.
Thank you for the video. Do you know how to set up recurring conversions? I found in Vanguard the option to have recurring contributions (from bank to Traditional IRA) and recurring investments (from Roth IRA to buying ETAs). Still, the conversion from a Traditional IRA to a Roth IRA seems to be a manual activity I have to do every month? can it be set up automatically?
Do I have to buy vanguard funds in the ira prior to the roth roll over or can the funds just sit in the settlement fund until the holding period is over?
thank you for the video, so if my employer direcly deposits my check to my bank account and the the taxes are already taken out, and now I want to put funds into a traditional Roth IRA a and convert into Roth I RA at what point am I paying for taxes again or how does that work?
Thank you for the example! I appreciate it. Question to you, I accumulated a few dollars in my settlement fund while I let the money sit in my Traditional IRA prior to the Roth conversion. Technically that would be "taxable", I assume, since it built up while sitting in the account. What would you do with that money? transfer to another account? I can't imaging that's reportable, right?
I am not able to immediately convert. I get an error message that says “this account has no holdings available to convert”
I typically have to wait a business day or two. And by that time sometimes the money in the money market settlement account has gone up by 10-20 cents. Any thought?? Is this a problem?
How soon can u do back door Roth conversion
What if h have othe Ira account then this would be considered Roth conversion with tax implications.
My issue last year was the deposited funds weren’t available to convert right away. I checked daily and after a few days I was finally allowed to covert. By that time the traditional IRA had gained value and it was a big hassle to convert. Took weeks to straighten out. It would’ve been easier if there was a non interest holding account in the traditional IRA until they allowed me to convert.
Thank you for the video. Do you know how to set up recurring conversions? I found in Vanguard the option to have recurring contributions (from bank to Traditional IRA) and recurring investments (from Roth IRA to buying ETAs). Still, the conversion from a Traditional IRA to a Roth IRA seems to be a manual activity I have to do every month? can it be set up automatically?
Thank you!
Do I have to buy vanguard funds in the ira prior to the roth roll over or can the funds just sit in the settlement fund until the holding period is over?
Does vanguard allow you to covert to a Roth in another brokerage
How'd you get a traditional IRA without any money in it? When opening the account they force you to deposit money
vanguard won't let you create a $0 balance traditional IRA. should i make the contribution during the traditional IRA account creation?
Thank you, thank you, thank you. You couldn't have made that any easier.
thank you for the video, so if my employer direcly deposits my check to my bank account and the the taxes are already taken out, and now I want to put funds into a traditional Roth IRA a and convert into Roth I RA at what point am I paying for taxes again or how does that work?
Thanks Cosmo
Thank you for the example! I appreciate it. Question to you, I accumulated a few dollars in my settlement fund while I let the money sit in my Traditional IRA prior to the Roth conversion. Technically that would be "taxable", I assume, since it built up while sitting in the account. What would you do with that money? transfer to another account? I can't imaging that's reportable, right?
What is a “back door” IRA
I am not able to immediately convert. I get an error message that says “this account has no holdings available to convert”
I typically have to wait a business day or two. And by that time sometimes the money in the money market settlement account has gone up by 10-20 cents. Any thought?? Is this a problem?