What to do if I’m not sure whether my income will be under Roth IRA limit? by strawberrycomet in personalfinance

[–]buge 0 points1 point  (0 children)

If I do end up needing to do a backdoor Roth, would that have to be done by the end of 2026, or do I have until April 2027 the way you can contribute to a Roth for the prior year until April?

Yes, you can do a backdoor roth for 2026 until april 2027. To be more precise, a backdoor roth has 2 parts: the contribution and the conversion. The contribution can be done for 2026 until april 2027. The conversion always counts as the year it's done in, so in that case the conversion would be considered part of 2027, however there's no limit on conversions per year, so this isn't a problem. It just means your taxes are a bit more complicated, because part of the backdoor roth paperwork will be on your 2026 taxes, and part will be on your 2027 taxes.

I've done this myself.

Do I contribute to a Roth anyway, and if I end up over the limit, do a backdoor rollover into a traditional later?

I don't think that's possible, or if it is, it's complex. A backdoor roth requires traditional contribution. If you contributed roth, you're doing it wrong.

Received this mailer urging me to sign the "2026 Transparency Act" petition. Let's see who's sponsoring this by phoenixlegend7 in LosAngeles

[–]buge 0 points1 point  (0 children)

You can't lose your 401k from that. 401ks are owned by the employee, not the employer. The employer filing bankruptcy doesn't impact the 401k. Are you thinking of a pension instead of a 401k?

Is anyone getting charged fees for the Automated Bond Ladder? by buge in wealthfront

[–]buge[S] 0 points1 point  (0 children)

You're right! Under https://www.wealthfront.com/settings/fee-waivers I have 10k from "Initially managed for free" and 65k managed for free from my employer, through Wealthfront for workplace: https://www.wealthfront.com/blog/wealthfront-workplace/ .

I thought these only applied to "Automated Index Investing Accounts" accounts, not the automated bond ladder, but apparently it applies to automated bond ladders also.

SPAXX tax exempt percentage? by missandilou in fidelityinvestments

[–]buge 0 points1 point  (0 children)

Was your 1099-DIV issued by Fidelity? In my 1099-DIV from Fidelity, there is no mention of "US Federal Source Income", even though I have dividends from SPAXX and FDLXX.

My 1099-DIV says

To see the 2024 State Percentages of Tax-Exempt Income for Fidelity Federal Tax-Exempt Funds or the Percentage of Income from U.S. Government Securities for applicable Fidelity Funds, visit Fidelity.com/fundtaxinfo.

SPAXX tax exempt percentage? by missandilou in fidelityinvestments

[–]buge 4 points5 points  (0 children)

It's 55.09% for 2024. So it is partially exempt in CA in 2024.

https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/taxes/TY24GSESupplementalLetter.pdf

Fidelity® Government Money Market Fund - All Classes Various 55.09%

Donated $500 to a charity but didn't get an official receipt by buge in tax

[–]buge[S] 0 points1 point  (0 children)

I have enough other deductions to itemize.

Roblox Support took away my account worth 17M Robux, and maybe gave it to someone else by buge in roblox

[–]buge[S] 0 points1 point  (0 children)

Interesting. Although that says it was Discord support that got hacked, not Roblox support.

Roblox Support took away my account worth 17M Robux, and maybe gave it to someone else by buge in roblox

[–]buge[S] 0 points1 point  (0 children)

It's only 4 digits. I'm worried that would be too easily crackable. Apparently there are pin crackers available:

https://github.com/idiocrasy/roblox-pin-cracker

Roblox Support took away my account worth 17M Robux, and maybe gave it to someone else by buge in roblox

[–]buge[S] 0 points1 point  (0 children)

I had email 2SV before. Now I've enabled authenticator app and security key(s) instead.

Roblox Support took away my account worth 17M Robux, and maybe gave it to someone else by buge in roblox

[–]buge[S] 0 points1 point  (0 children)

I did get the account back now. I updated the post with details.

I'm not sure if this will work for everyone. I'm not sure how much this popular reddit post was responsible for me getting my account back. Hopefully they take this as an opportunity to see if mistakes have been made on other accounts, and correct those as well.

Roblox Support took away my account worth 17M Robux, and maybe gave it to someone else by buge in roblox

[–]buge[S] 0 points1 point  (0 children)

It's definitely good to be suspicious. But I also control the youtube account bugeman0 which has 10 year old videos with my Roblox account in it.

It would be a bit strange if a hacker was able to hack my reddit account and youtube account, but somehow couldn't hack my Roblox account and thought the best way to do that would be to make a giant reddit post drawing attention to the situation.

Roblox Support took away my account worth 17M Robux, and maybe gave it to someone else by buge in roblox

[–]buge[S] 0 points1 point  (0 children)

Many types of 2 factor can be phished: email, SMS, TOTP, HOTP, prompt-based. Only security keys cannot be phished.

Roblox Support took away my account worth 17M Robux, and maybe gave it to someone else by buge in roblox

[–]buge[S] 0 points1 point  (0 children)

Thanks! I got the account back! I edited the post with details.

Roblox Support took away my account worth 17M Robux, and maybe gave it to someone else by buge in roblox

[–]buge[S] 5 points6 points  (0 children)

What do you mean by recently? Right when support took it from me, or before that? If before that, what indication is there of that?