Investing General Discussion

Cad · 2025-09-23T23:22:21-0400

superstraight said:
It's also a situation where the rich will continue to get rich and the poor continue to suffer; those with the most assets win in the long run

As has always been true throughout history, don't think that boat is going to capsize now.

Synj · 2025-09-24T00:24:14-0400

TJT said:
You can't contribute to ROTH after you make a certain amount of money. If you haven't considered that.

I kinda forgot. Might be fucked on that end.

Sanrith Descartes · 2025-09-24T07:24:40-0400

Synj said:
I kinda forgot. Might be fucked on that end.

Over contributions to IRAs is pretty brutal in terms of IRS penalties. If you did over contribute i would get that handled. IRS takes 6% a year of the over contribution each year until its corrected.

TJT · 2025-09-24T07:38:35-0400

Not contributions. This:

2010-2012

Single: $105,000–$120,000 (full or partial contribution)

Married Filing Jointly: $169,000–$179,000 (full or partial contribution)

2013-2018

Single: $115,000–$130,000 (full or partial contribution)

Married Filing Jointly: $184,000–$194,000 (full or partial contribution)

2019

Single: $120,000–$135,000 (full or partial contribution)

Married Filing Jointly: $190,000–$200,000 (full or partial contribution)

2020

Single: $124,000–$139,000 (full or partial contribution)

Married Filing Jointly: $196,000–$206,000 (full or partial contribution)

2021

Single: $138,000–$140,000 (full or partial contribution)

Married Filing Jointly: $208,000–$218,000 (full or partial contribution)

2022

Single: $138,000–$149,000 (full or partial contribution)

Married Filing Jointly: $208,000–$218,000 (full or partial contribution)

2023

Single: $144,000–$153,000 (full or partial contribution)

Married Filing Jointly: $214,000–$228,000 (full or partial contribution)

2024

Single: $146,000–$161,000 (full or partial contribution)

Married Filing Jointly: $230,000–$240,000 (full or partial contribution)

2025

Single: $150,000–$165,000 (full or partial contribution)

Married Filing Jointly: $236,000–$246,000 (full or partial contribution)

Cad · 2025-09-24T10:31:28-0400

Synj said:
I kinda forgot. Might be fucked on that end.

You can still backdoor Roth.

Backdoor Roth IRA: What it is and how to set it up | Vanguard

What is a backdoor Roth IRA? Explore the process, benefits, and steps to utilize backdoor Roth IRAs for maximizing your retirement savings.

investor.vanguard.com

Sanrith Descartes · 2025-09-24T10:57:58-0400

I am going to put this out there. Contributions to retirement accounts is a much deeper pool than "what meme stock should I buy?" Things like income level, type of income (earned, not earned), 401k (you amd spouse) etc factor in.

Make sure you examine all the rules for the two accounts before contributing to Roth/Traditional.

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Investing General Discussion

Cad

scientia potentia est

Synj

Dystopian Dreamer

Sanrith Descartes

Its all the Joos' fault. Am I doing this right?

TJT

Mr. Poopybutthole

Cad

scientia potentia est

Backdoor Roth IRA: What it is and how to set it up | Vanguard

Sanrith Descartes

Its all the Joos' fault. Am I doing this right?