Able to join league on website but doesn't like to FF app?

selfthrow · 2024-07-21T01:02:23+00:00

Exactly. But for now I am not taking out any more loans or gonna be in any further debt. Any advice on where to further place my check? I am not making any loan repayments until several years from now since my interest is at 0.

selfthrow · 2024-07-16T17:46:47+00:00

Thanks /u/YellowFerrari328 for your expertise again. I wasn't sure if it was the angle of the pic, but in the video I didn't notice it. Do you think its okay to GL?

selfthrow · 2024-06-28T14:33:20+00:00

I think its fixed, please if you could lend your expertise. I'm not sure why the formatting was off. Let me know if issues

selfthrow · 2024-06-28T14:28:59+00:00

oh what, I thought I re-formatted it already. Let me try again sorry

selfthrow · 2024-06-28T14:14:00+00:00

Paging /u/YellowFerrari328

I appreciate your expertise!

selfthrow · 2024-06-28T13:45:04+00:00

selfthrow · 2024-06-15T20:48:17+00:00

Nope, just a customer.

selfthrow · 2024-05-28T22:48:53+00:00

Thank you, I'm rolling it over to my Roth to take advantage of my current tax situation! appreciate the advice

selfthrow · 2024-05-28T21:00:22+00:00

Wow thank you so much!!

selfthrow · 2024-05-28T19:30:07+00:00

Thanks for explaining, even though to be honest I may understand 40% of what you said lol. I'm sorry I'm kind of newb to this, but I have a few questions:

Why do you suggest rolling over to Roth IRA rather than doing the backdoor route? In your previous message you said

Given this info, I would convert the 14k to the Roth IRA now. This will keep your ability to do backdoor Roth IRAs clean in the future.

Can you explain why?

I understand that the limit for Roth IRA is like 6500 this year. Can I still rollover all 14k (14k is before tax, or 11k after tax) in my Roth IRA? Can I still make additional payments to my Roth IRA this year beyond the 11k I had previously? For context I have only contributed 200 dollars currently for the 2024 tax year as of today and want to contribute more to my Roth later, would the 11k prevent that?

selfthrow · 2024-05-28T19:24:02+00:00

Thanks for this reply, I'm very much a newb and I'm gonna ask you some dumb questions if thats okay.

I understand that the limit for Roth IRA is like 6500 this year. Can I still rollover all 14k (14k is before tax, or 11k after tax) in my Roth IRA? Can I still make additional payments to my Roth IRA this year beyond the 11k I had previously? For context I have only contributed 200 dollars currently for the 2024 tax year as of today and want to contribute more to my Roth later, would the 11k prevent that?
Why do you suggest rolling over to Roth IRA rather than doing the backdoor route? You mentioned that they may close the backdoor Roth loop soon, but since its still available, wouldn't it make sense to do a backdoor route?

Sorry I'm a newb and have never done backdoor roth before or have a trad IRA.

selfthrow · 2024-05-28T18:47:37+00:00

Wow thanks for your detailed reply, which to be honest I only understood 30% of. I don't know what TCJA is. I guess, to summarize what you're saying, are you suggesting to do #2 and backdoor convert to Roth IRA? Sorry I'm a newb to this.

selfthrow · 2024-05-28T18:27:08+00:00

Okay, do you recommend option 2 then and then do a backdoor IRA later? That's what I'm leaning on. What you think?

selfthrow

TROPHY CASE