tax fun

[asthran]

So, apparently I can recharacterize some of my IRA contributions from last year, amend my return, and get an additional $400 back from the IRS.... It would also result in an account maintainance fee of $10/year for the next few years, most like, and then I'd have to deal with having both a traditional IRA and a Roth... So, question is, do I want to go through the bother, or would I rather have all my money be tax free?

Comments

[heliodromos.livejournal.com]

Hmmm...I personally prefer to take the tax hit now, when I'm in a lower bracket, rather than wait and have to dock at least 10% of every distribution later on. Who knows what inflation will do over the next 50 years, so I'd rather have more money to work with at the end.

But what I need to know is what firm has the $10 annual maitainance fee?

[asthran.livejournal.com]

Vanguard, if you have an IRA with under 5k (in any given fund?), and total assets in Vanguard under 50k, if I understand their website correctly.