Your Banner Here

   [Show all top banners]

qlikview226
Replies to this thread:
GeetMaiJawaafDiu? 1440 days ago

More by qlikview226
What people are reading
Subscribers
:: Subscribe
Back to: Kurakani General Refresh page to view new replies
 Roth IRA issue
[VIEWED 7814 TIMES]
SAVE! for ease of future access.
Posted on 04-13-22 10:02 AM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

HI for the year 2022 me and my wife invested 6000 each into our roth IRA account in Jan . Looks like with the bonus and salary we will be making almost 260K if not more together which is way over roth IRA limit. What will be the suggestion to handle this issue.
1 Let it sit in the roth account which is already invested into index fund.
2 Sell those fund.
3 Your opinion.


Thanks
 
Posted on 04-13-22 11:36 AM     [Snapshot: 32]     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

In your current tax/income situation,
if you file the taxes with status "Married Filing Separately"
AND
an AGI falls below $144,000, then that account qualifies for roth-conribution allowed for 2021. (Contribution made after Tax Day is applied toward roth-limit for 2022.)
If one has contributed to Roth without qualifying, then a 6% annual penalty of the excess-amount will be assessed.

For more details, see this
https://www.thebalance.com/what-to-do-if-you-contributed-too-much-to-your-roth-ira-3192888

Does this help?



Last edited: 13-Apr-22 12:17 PM
 

Please Log in! to be able to reply! If you don't have a login, please register here.

YOU CAN ALSO



IN ORDER TO POST!




Within last 90 days
Recommended Popular Threads Controvertial Threads
Democrat wants to run election like in India. Chaos and Confusing to voters.
ए १ पनि पुगेनछ ?
नोबेल शान्ति पुरस्कार र अशान्त राष्ट्रपतिको बालहठ
ALERT: JUDGE RULED NEPAL TPS CAN CONTINUE
200 denaturalization cases per month to the Department of Justice for the 2026 fiscal year.
अब के हाेला त?
Funny when Nepalis talk about Epstein and injustice
मिरो प्रेडिक्शन जन्मेर एमेरिकामा आखा खो ल न पायेका नागरिकता बारे
नेपाली वालमार्ट चोर
H1B
नेपाली ससुरोले वर्जीनियामाँ आफ़नो छोरी नाती र ज्वाईलाई खुकुरी प्रहार
When will Nepali women be equal?
Why Prachanda seems to be the smartest of them all?
When will the culture of impunity end?
बालेंन आए पछि आशाका किरण देखिन थालेका छन् !!
बालेंन मेयर बाट प्रधान मन्त्रि हुने भो ?
Sukulgunda 2.0 / www.sukulgunda.com
Can we really get rid of Nepotism in the government?
NOTE: The opinions here represent the opinions of the individual posters, and not of Sajha.com. It is not possible for sajha.com to monitor all the postings, since sajha.com merely seeks to provide a cyber location for discussing ideas and concerns related to Nepal and the Nepalis. Please send an email to admin@sajha.com using a valid email address if you want any posting to be considered for deletion. Your request will be handled on a one to one basis. Sajha.com is a service please don't abuse it. - Thanks.
Sajha.com Privacy Policy

Like us in Facebook!

↑ Back to Top
free counters