F*****y
发帖数: 675 | 1 我们家今年在roth ira放了一些钱，最近突然意识到，我们已经exceed income limit
，今年不能再投roth了。给vanguard打电话咨询，他们说有两个选择，一个是转
traditional ira，但估计是non－deductible，或者钱取出来，但是earning那部分要
交fee。我也没听很明白，大概这个意思。想请大牛们推荐一下这种情况怎么处理比较
合适。提点我们家的情况，就是现在需要寸downpay，想买房。
谢谢！！ |
f*******n
发帖数: 12623 | 2 你是说2013年的吗？
我建议你
1. 把Roth IRA contribution recharacterize成Traditional IRA contribution，跟
着马上convert到Roth IRA
或
2. 把今年contribute的钱，加earnings，拿出来，跟着再contribute到Traditional
IRA，跟着马上convert到Roth IRA |
r****m
发帖数: 1204 | 3 If you need downpayment, the best option is to take it out, you don't have
to pay penalty on the contribution, but you do have to pay 10% penalty on
the gain (and you can't avoid it anyway even you convert to regular IRA).
As long as you do before 2013 tax filing, you can avoid the 6% penalty on
the contribution part, so do it fast.
Also, a complication is the earning calculation, it's not straightforward (
not just based on whatever your excess contribution's gain or loss), you can
ask VG to calculate the right amount for you. For example, if your overall
Roth IRA account value declined, even your excess contribution bought a
stock and had a gain, you might still end up not having a gain at all. |
F*****y
发帖数: 675 | 4 谢谢楼上两位。我说的就是2103。我已经开了traditional ira，在考虑要不要转进去
。我知道网上很多人都说可以先转traditional， 再转回roth，但是我老公咨询过他们
公司相关的人，人家觉得这是擦边球，以后可能会有麻烦。
我的问题是，如果我直接拿这些钱买index bond之类的作为投资，那和放在
traditional里面有什么区别呢？不是更灵活吗？没有取钱的时间限制。
谢谢 |
s**********d
发帖数: 36899 | 5 Just convert to traditional then recharacterize back to Roth.
Ignore what your husband's 无知同事 said.
谢谢楼上两位。我说的就是2103。我已经开了traditional ira，在考虑要不要转进去
。我知道网上很多人都说可以先转traditional， 再转回roth，但是我老公........
【在 F*****y 的大作中提到】
: 谢谢楼上两位。我说的就是2103。我已经开了traditional ira，在考虑要不要转进去
: 。我知道网上很多人都说可以先转traditional， 再转回roth，但是我老公咨询过他们
: 公司相关的人，人家觉得这是擦边球，以后可能会有麻烦。
: 我的问题是，如果我直接拿这些钱买index bond之类的作为投资，那和放在
: traditional里面有什么区别呢？不是更灵活吗？没有取钱的时间限制。
: 谢谢
|
f*******n
发帖数: 12623 | 6 No you got it wrong. They would need to recharacterize it to Traditional and
then convert it to Roth.
【在 s**********d 的大作中提到】
: Just convert to traditional then recharacterize back to Roth.
: Ignore what your husband's 无知同事 said.
:
: 谢谢楼上两位。我说的就是2103。我已经开了traditional ira，在考虑要不要转进去
: 。我知道网上很多人都说可以先转traditional， 再转回roth，但是我老公........
|
f*******n
发帖数: 12623 | 7 No, this is wrong. There is no penalty on earnings. As long as they take out
the contribution + earnings by the tax due date, it is as if it was never
contributed at all. Of course, he would still have to report it as income
and pay income tax on it just like he put it in the bank.
can
overall
【在 r****m 的大作中提到】
: If you need downpayment, the best option is to take it out, you don't have
: to pay penalty on the contribution, but you do have to pay 10% penalty on
: the gain (and you can't avoid it anyway even you convert to regular IRA).
: As long as you do before 2013 tax filing, you can avoid the 6% penalty on
: the contribution part, so do it fast.
: Also, a complication is the earning calculation, it's not straightforward (
: not just based on whatever your excess contribution's gain or loss), you can
: ask VG to calculate the right amount for you. For example, if your overall
: Roth IRA account value declined, even your excess contribution bought a
: stock and had a gain, you might still end up not having a gain at all.
|
r****m
发帖数: 1204 | 8 Turbotax's forum has a discussion on this topic clearly mentioned the 10%
penalty for the earning part for anyone under age 59.5 -
https://ttlc.intuit.com/questions/1844181-where-how-do-i-report-a-roth-ira-
excess-contribution-withdrawal
Could you share which IRS ruling specifies that no penalty is needed for
people under 59.5? |
f*******n
发帖数: 12623 | 9 http://www.irs.gov/publications/p590/ch01.html#en_US_2012_publi
You will not have to pay the 6% tax if you withdraw an excess contribution
made during a tax year and you also withdraw any interest or other income
earned on the excess contribution. You must complete your withdrawal by the
date your tax return for that year is due, including extensions.
http://www.irs.gov/publications/p590/ch01.html#en_US_2012_publi
The 10% additional tax on distributions made before you reach age 59½
does not apply to these tax-free withdrawals of your contributions.
http://www.irs.gov/publications/p590/ch01.html#en_US_2012_publi
If any part of these contributions is an excess contribution for 2011, it is
subject to a 6% excise tax. You will not have to pay the 6% tax if any 2011
excess contribution was withdrawn by April 17, 2012 (plus extensions), and
if any 2012 excess contribution is withdrawn by April 15, 2013 (plus
extensions).
http://www.irs.gov/publications/p590/ch02.html#en_US_2012_publi
For purposes of determining excess contributions, any contribution that is
withdrawn on or before the due date (including extensions) for filing your
tax return for the year is treated as an amount not contributed.
【在 r****m 的大作中提到】
: Turbotax's forum has a discussion on this topic clearly mentioned the 10%
: penalty for the earning part for anyone under age 59.5 -
: https://ttlc.intuit.com/questions/1844181-where-how-do-i-report-a-roth-ira-
: excess-contribution-withdrawal
: Could you share which IRS ruling specifies that no penalty is needed for
: people under 59.5?
|
f****i
发帖数: 20252 | 10 超了多少就取多少
limit
【在 F*****y 的大作中提到】
: 我们家今年在roth ira放了一些钱，最近突然意识到，我们已经exceed income limit
: ，今年不能再投roth了。给vanguard打电话咨询，他们说有两个选择，一个是转
: traditional ira，但估计是non－deductible，或者钱取出来，但是earning那部分要
: 交fee。我也没听很明白，大概这个意思。想请大牛们推荐一下这种情况怎么处理比较
: 合适。提点我们家的情况，就是现在需要寸downpay，想买房。
: 谢谢！！
|
r****m
发帖数: 1204 | 11 Since none of these applies to the earnings part, the question is still
outstanding - does 10% penalty apply to the earning due to excess
contribution.
the
is
【在 f*******n 的大作中提到】
: http://www.irs.gov/publications/p590/ch01.html#en_US_2012_publi
: You will not have to pay the 6% tax if you withdraw an excess contribution
: made during a tax year and you also withdraw any interest or other income
: earned on the excess contribution. You must complete your withdrawal by the
: date your tax return for that year is due, including extensions.
: http://www.irs.gov/publications/p590/ch01.html#en_US_2012_publi
: The 10% additional tax on distributions made before you reach age 59½
: does not apply to these tax-free withdrawals of your contributions.
: http://www.irs.gov/publications/p590/ch01.html#en_US_2012_publi
: If any part of these contributions is an excess contribution for 2011, it is
|
f*******n
发帖数: 12623 | 12 “You will not have to pay the 6% tax if you withdraw an excess contribution
made during a tax year *and you also withdraw any interest or other income
earned on the excess contribution*.” <- 明明说earnings
【在 r****m 的大作中提到】
: Since none of these applies to the earnings part, the question is still
: outstanding - does 10% penalty apply to the earning due to excess
: contribution.
:
: the
: is
|
r****m
发帖数: 1204 | 13 You misread it - this paragraph is about the 6% excise tax.
If you keep reading a few paragraphs down, you will see an example, copied
below which clearly states you have to pay the 10% tax on earnings from the
excess contribution -
=================
Example.
Maria, age 35, made an excess contribution in 2012 of $1,000, which she
withdrew by April 15, 2013, the due date of her return. At the same time,
she also withdrew the $50 income that was earned on the $1,000. She must
include the $50 in her gross income for 2012 (the year in which the excess
contribution was made). She must also pay an additional tax of $5 (the 10%
additional tax on early distributions because she is not yet 59½ years
old), but she does not have to report the excess contribution as income or
pay the 6% excise tax. Maria receives a Form 1099-R showing that the
earnings are taxable for 2012.
=================== |
