Comments on: Roth IRA Phase-Out in 2007 http://www.consumerismcommentary.com/2007/05/21/roth-ira-phase-out-in-2007/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 08 Nov 2009 07:50:42 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: » Flexo's 2007 Goals: Status at the Halfway Point on Consumerism Commentary: A Personal Finance Blog http://www.consumerismcommentary.com/2007/05/21/roth-ira-phase-out-in-2007/#comment-116992 » Flexo's 2007 Goals: Status at the Halfway Point on Consumerism Commentary: A Personal Finance Blog Thu, 12 Jul 2007 16:04:14 +0000 http://www.consumerismcommentary.com/2007/05/21/roth-ira-phase-out-in-2007/#comment-116992 [...] Investing in Roth IRA goal: fully invest. My Roth IRA contributions are going strong, but I will have to check later this year to make sure my amount of income won’t exempt me from eligibility for the Roth IRA. [...] [...] Investing in Roth IRA goal: fully invest. My Roth IRA contributions are going strong, but I will have to check later this year to make sure my amount of income won’t exempt me from eligibility for the Roth IRA. [...]

]]> By: Sun http://www.consumerismcommentary.com/2007/05/21/roth-ira-phase-out-in-2007/#comment-102654 Sun Wed, 23 May 2007 19:06:59 +0000 http://www.consumerismcommentary.com/2007/05/21/roth-ira-phase-out-in-2007/#comment-102654 We were forced to withdraw almost all 2006 contributions this April because of the phase out limit. As Dong said, right now the easiest way to deal with it is get a non-deductible IRA account and move the excess contribution to the that account and wait till 2010 to convert it back to Roth once the limit is removed. We were forced to withdraw almost all 2006 contributions this April because of the phase out limit. As Dong said, right now the easiest way to deal with it is get a non-deductible IRA account and move the excess contribution to the that account and wait till 2010 to convert it back to Roth once the limit is removed.

]]> By: dong http://www.consumerismcommentary.com/2007/05/21/roth-ira-phase-out-in-2007/#comment-101613 dong Mon, 21 May 2007 21:25:04 +0000 http://www.consumerismcommentary.com/2007/05/21/roth-ira-phase-out-in-2007/#comment-101613 It's pretty easy to get around the phaseout given that they're lifting the income cap requirment on a conversion. Just put the money into a non-deductile IRA and covert it after 2010. I think the flexibility of the Roth makes it too attractive do anything but maximize your dollars in it. It’s pretty easy to get around the phaseout given that they’re lifting the income cap requirment on a conversion. Just put the money into a non-deductile IRA and covert it after 2010. I think the flexibility of the Roth makes it too attractive do anything but maximize your dollars in it.

]]> By: Flexo http://www.consumerismcommentary.com/2007/05/21/roth-ira-phase-out-in-2007/#comment-101467 Flexo Mon, 21 May 2007 16:16:07 +0000 http://www.consumerismcommentary.com/2007/05/21/roth-ira-phase-out-in-2007/#comment-101467 Married, filing separately isn't quite like filing single. The phase-out range is from $0 to $10,000 MAGI, so there's hardly any Roth IRA allowed at all. If you are married, filing separately *and* living apart, then the phase-out range is the same as filing single. Married, filing separately isn’t quite like filing single. The phase-out range is from $0 to $10,000 MAGI, so there’s hardly any Roth IRA allowed at all.

If you are married, filing separately *and* living apart, then the phase-out range is the same as filing single.

]]> By: Lazy Man and Money http://www.consumerismcommentary.com/2007/05/21/roth-ira-phase-out-in-2007/#comment-101465 Lazy Man and Money Mon, 21 May 2007 16:11:03 +0000 http://www.consumerismcommentary.com/2007/05/21/roth-ira-phase-out-in-2007/#comment-101465 Hmmm, I wonder if it makes sense to file separately if you are near that limit and are married. Hmmm, I wonder if it makes sense to file separately if you are near that limit and are married.

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