The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Hate Form 8606 Calculations||Date: 4/15/2013 1:36 PM|
|Author: RatioFool||Number: 72045 of 75637|
I'd like to think my analysis actually concluded that it was better to keep tax-deferred and non tax-deferred savings in separate accounts. (No Form 8606, for instance.)
Not sure what you mean here.
Tax-deferred will be in the trad IRA. Non tax-deferred will be in a taxable account.
If you are speaking only of contributions, taking the deduction or not, you need to understand all traditional accounts for an individual are treated as a whole for calculations on the 8606. Splitting pre-tax and post-tax contributions between two separate traditional IRAs does not make a difference.
Yes, I know. To clarify, no post-tax contributions were made to my traditional IRA. For my 401k, I only contributed enough to get the full employer match.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|