Also, they shouldn't be allowed to go below for *24 months max* ...2 whole years is a VERY long time and a very large chunk out of a lifetime. 2 months *max* seems more like it, if anything.
Omg I've advocated this exact thing to go into law for years, on this message board and everywhere else.... but keynesians like RandomGuy always come up with dumb blasting me for it.
Also, they shouldn't be allowed to go below for *24 months max* ...2 whole years is a VERY long time and a very large chunk out of a lifetime. 2 months *max* seems more like it, if anything.
Just do your research for your lying next time
Not lying but... :o it appears you were on to something, something neither my friends nor my uncle and cousin who told me to do roth IRA, nor the bank and brokerage firm even knew what you were talking about... I'm going to get the money out of that roth account now (it never made anything anyway), and if someone ever tries to fine me over it, I will sue the bank, because it's their responsibility for asking me if I'm above some stupid income threshold or whatever. I've never even heard there was such a small draconian income threshold for roth IRA's. WTF.
Looks like you gave me some grief but may end up saving me money and fits in the long run.
Why would anyone max out a Roth as a consultant instead of using a SEP plan?
Why does anyone still read Avante Jr's lying ?
So I went to Merrill Lynch this morning and was successfully able to back-date and reverse the 2020 and 2021 Roth IRA $6000 contributions that apparently I am not eligible for due to my high income. So averting a potential IRS penalty up to $720.00 over the two contributions. Thankfully they were able to do it and I'll get all my money back tax free since it was my contributions and I never earned any significant interest or bought any securities with the Roth IRA money.
I'm not self employed. All my income is on W2
I mostly don't, tbh. Hard to take a guy who wears woman's panties to his job at Lowe's seriously
Mitch saved me some monayz
I saved you from digging deeper into a lie than you already did, andy
no.
I had to go to merrill lynch in person to fill out ing forms, one each for 2020 and 2021, officially acknowledging my roth IRA contributions were a mistake and shall not be officially processed. So the IRS won't charge me any penalties and I won't have a roth IRA. Oh well.
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