ROTHs funded for 2015

[disneysteve]

I just made our last Roth contributions for 2016. We are both 50+ so that's $13,000 total. For the remainder of the year, savings will go into one of our taxable accounts since we have no other tax-sheltered accounts available. Well actually, I have a SEP-IRA but I can't make my 2015 contribution until I do my taxes next year and determine the amount I'm eligible to contribute.

[snafu]

Terrific to have Roth contribution completed early October.

https://turbotax.intuit.com/tax-tool...ors/taxcaster/

ronb posted this site earlie. Would it help you determine 2015 income for SEP-IRA?

[disneysteve]

Terrific to have Roth contribution completed early October.

https://turbotax.intuit.com/tax-tool...ors/taxcaster/

ronb posted this site earlie. Would it help you determine 2015 income for SEP-IRA?

That link is bad, but I don't think it would matter. I won't know my actual 2015 income until 12/31/15.

[disneysteve]

Terrific to have Roth contribution completed early October.

In the past, I've done it earlier in the year but things are harder for a few reasons.
1. We are now both 50+ so we can contribute more.
2. We have a kid in college now.
3. My wife isn't currently working so we don't have her income.
4. My income has been pretty flat and hasn't kept up with inflation.

[feh]

I can't make my 2015 contribution until I do my taxes next year and determine the amount I'm eligible to contribute.

I'll have to wait until 2016 to fund this year's IRAs for the same reason - don't know if we're eligible or not until the final income numbers are known.

[FLA]

well done! that's a good feeling