Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Hi Bogiegump,

Thanks for the prompt response. Yes, that makes perfect sense - I was always worried about getting the split correct, and had read of the complications of recharacterizing. I suppose if I am really confident of what my 2005 AGI will be, I could invest say $1500 in a Roth now, and sort out the balance in a year's time.

And another newbie question: if for example, I choose Vanguard for my funds, I suppose I will need to open 2 accounts; John's Roth IRA and John's Traditional IRA?


PS: In an ideal world, we'd be able to *live*! My ideal would be to travel for 3 months of the year, but still keep my job. Because of the time off, my AGI would be reduced, allowing me acess to a full Roth (and other benefits). Last year I spent 2 months on a working holiday in the UK - if only I could do something more elaborate every year! One can dream ...
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.