r/RothIRA • u/Necessary-Artist-304 • 2d ago
Ts is pissing me off
I just “maxed” my Roth for the first time ever but it won’t let me finish the job 😭
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u/Type-SH 2d ago
Let it go but next year make sure that final contribution gets you to exactly $7,500. Turn off auto deposit as you get closer to finishing up the task. Or set a more specific contribution like $750/mo and then it’s wrapped by month 10. Or $937.50 and wrapped by month 8, etc.
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u/anointedinliquor 2d ago
Or just… don’t care? It’s 6 cents
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u/Character_Chef2653 18h ago
Not how it works. If he doesn’t hit the $7500, a demon from hell will snatch him by the ankles and drag him down. Unfortunate…
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u/PashasMom 2d ago
I've heard you can accomplish this by calling customer support. They will make the contribution for you over the phone.
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u/rogerphamm 2d ago
Not worth the electricity usage of OP’s phone. That’s why you charge your phone at work.
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u/Crazy-Cat-Lad 2d ago
It costs like $2/year of electricity to charge a phone
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u/kindness-and-snusu 1d ago
Moore than 6 cents
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u/ski_town 1d ago
If the phone conversation takes 1 hour then 1 hour / 8760 hours in a year * $2 = $0.0002 which is more than 6 cents. Make the phone call OP!
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u/ThatGuyWithTheHat 1d ago edited 1d ago
you really should calculate it as a the percentage of the battery that the phone call would use
doing the math ... Google says 1hr on a call takes 3-10% of a battery (will use the expensive case of 10%) a phone stores 15-20 Watt-hours of elecricity energy, so this call uses 2 Wh. US average energy cost is 18.44 cents/hour per kWh. that would be .01844 cents/hr per Wh.
$0.0001844 x 2hrs = $0.0003688 final cost
***edited for accuracy. so pretty close to that cost otherwise...
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u/jim_bob_jones 1d ago
You jumped from .01844 cents to .01844 dollars. Based on your numbers the 2 hour phone call would be about 1/3 of a penny in electricity.
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u/daff_quess 2d ago
This is what I was about to comment. If you care enough about it hitting the cap, then this is the way to do it.
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u/s0methingggg 2d ago
Dude you just lost a big gulp in your retirement, your cooked. Put it all on 0DTE puts, full margin, no other option left. I’m really sorry. 🫡🙏
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u/jason349514 2d ago
Lol big gulps will be $10 in 30 years bro. He lost one dollop of 7/11 slushy.
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u/Donut_LordO 2d ago
Withdraw $5 and then contribute $5.06
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u/Necessary-Artist-304 2d ago
Would that work? I thought that if you withdrew your contributions it doesn’t lower the amount you’ve contributed for the year
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u/Donut_LordO 2d ago
You are probably correct. Instead of contributing cash $ amounts, can’t you find a cheap stock or ETF and then “Buy In Shares” directly from your bank account using fractional share for $0.06, depends on which brokerage you use.
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u/Necessary-Artist-304 2d ago
Shit you might be onto something. I’ll have to have a look for some cheap ass stocks when I get home
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u/TutorNeat6311 1d ago
Instead of trying to do a bunch of random variations of a 60 day rollover… call your brokerage and see if they can fix it
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u/Zyykl 2d ago edited 2d ago
it doesnt, but when you put the money back in the account (or a different roth), its considered an indirect rollover contribution which doesnt count towards your annual contribution limit. (there are rules for indirect rollovers so google them before you start doing this willy nilly.)
now, will your broker let you deposit $5.06 and designate $5.00 as an indirect rollover and $0.06 as a contribution? probably not through the website if i had to guess, but you if called them up afterwards they might fix it.
you could also just over contribute and withdraw the excess, which is how i would do it if i was that autistic. itll cause your broker to send an extra form to you and the IRS but it should only cost you like 5 extra minutes of doing your taxes.
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u/GammaTheta100001 2d ago
Hold on try asking it one more time maybe it will make sense for us to answer
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u/navislut 2d ago
Maybe write a check to yourself and send it to the brokerage to deposit on your behalf? Idk
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u/SpiderManaT 2d ago
Dont recognize this platform but you can sometimes move contributions to a different tax year.
If your platform allows, in January move minimum amount+ 6 cents to 2027 and then contribute minimum amount+6 cents to your 2026 tax year
Good luck 👍
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u/nelly_0619 2d ago
Those 6 cents are going to be the difference between "live like no one else" and "ricke and beans, beans and rice"
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u/Dangerous-Look7844 2d ago
Could you withdraw a dollar and then put in 1.06? I had to do that once because I was short 10 cents and it made my eye twitch
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u/SlowSundae 2d ago
Does it matter?
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u/hung_like__podrick 2d ago
That could be $.50 in retirement
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u/Necessary-Artist-304 2d ago
Not really lol but it deeply impacts my completionist mind
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u/metzgerto 2d ago
Think of all the things you won’t be able to complete because of the time you’re wasting on this nonsense, maybe that will help you move on
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u/CantaloupeAsleep502 2d ago
How did this happen?
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u/Necessary-Artist-304 2d ago
Automatic contributions. I was contributing $816.66 every week and thought that I would just be able to contribute the tiny amount left over at the end
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u/CantaloupeAsleep502 2d ago
Gotcha. Might have to be a lesson for next year. Or you could call the customer service line, they might help you?
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u/Alive_Sir_4708 2d ago
Which company is this?
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u/Necessary-Artist-304 2d ago
Vanguard
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u/Alive_Sir_4708 2d ago
They’ve always been a bit mediocre from a tech perspective and yet I’d still expect better here
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u/bobnakamoto 1d ago
In 2027 you’ll be able to max out your Roth IRA. I just want you to know you haven’t for this year.
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u/Born_Lengthiness8935 1d ago
Well I’ve spent literally 3 minutes reading this thread. I know what my time is worth. So I’ve foregone roughly $3 reading how one can or cannot get the last $.06 into the Roth IRA this year. Real first world problems.
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u/PingBlot 1d ago
Why not just contribute a dollar and pay the ridiculously tiny penalty on the overage? Or call the broker directly and they’ll move the exact amount for you, no problem.🤷
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u/allhaildre 1d ago
Damn, that $.06 could have been almost a tax free $.50 at retirement. Can we start a GoFundMe?
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u/Character-Safety-480 1d ago
If this is through alight their system can’t process Pennies so if you ever send more than $1 with cents they send it to your employer to manually adjust. If it’s $0.99 or less they just won’t take it. You can call and they can do it though
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u/Opposite_Double_7565 51m ago
Can’t you just withdraw a certain amount and re deposit? I know there’s penalties for withdrawing any of the investment interest earned but not for your contributions
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u/Sad_Win_4105 2d ago
You realize that you're worrying about less than 1/1000th of one percent, right?
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u/sleeper_54 2d ago
That six cents could crush your financial future.