I was reading through this and I realized I never got a 1099R for any of my mega-backdoors. over the years, I have been getting them for the backdoors and filing the 8606s. is this an issue? if yes, I can reach out to the custodian to issue one but would you have any thoughts ...
The best way to calculate the value of a pension is through a simple formula I've come up with. For background, I worked in finance from 1999 – 2012, got my MBA from UC Berkeley, retired in 2012 at age 34, and have written over 2,500 personal finance articles on Financial Samurai ...
While tax-advantaged accounts can offer great tax benefits, they aren’t without certain downsides. For example, when compared to taxable accounts, you might lose some flexibility with tax-advantaged accounts. You can also lose the very tax benefits that make these accounts un...
1. Sign in: https://mytaxes.efile.com/1040/SignIn/ 2. Click on My Return on the upper left. If you have questions, please contact us as soon as possible so we can assist you with your Tax Return.DRKPARSEIRS Problem: The IRS—not eFile.com—has rejected your tax return. You need...
Using these theoretical returns, we can calculate the long-term expected real return for a 50% stock, 50% bond portfolio at 2.5%. Take More Risk for a Better Investment Return There are ways to take on more risk in hopes of getting more return. You can invest in a stock-heavy portfolio...
Plus, if your losses are greater than your capital gains, up to $3,000 of the excess amount (up to $1,500 for married people filing separate returns) can be used to offset “ordinary” taxable income, such as wages, tips, interest, pension payments, and the like. If ...
When I calculate the ratio should I measure the value of my residence today vs the value of my car today? or is it to measure the value of my home at purchase vs the value of my car at puchase? My point is that the average price paid for a NEW car might have been 30+K in ...
I’ve done this for the past few years and it’s been a great way to obtain low-cost health insurance while building up what the Mad Fientist calls theUltimate Retirement Account. Another bonus to accessing an HSA is that you can use it to lower your AGI even further. My already signif...
These can be derived from expression (3). The expression must first be logarithmised. We obtain ln I(Y) = ln I(TFP) + ln I(TIF) (6) The parameters are designed to ensure that their values correspond to the development typology we derived above. Specifically, if a change of any ...
Although the 401(k) pales in comparison to anicely funded pension, even more disappointing than the 401(k) is the IRA. With the IRA retirement plan, you can only contribute $7,000 in pre-tax dollars for 2024. Further, you can only contribute pre-tax dollars if you make under $87,000...