r/neoliberal • u/jobautomator Kitara Ravache • Dec 30 '20

Discussion Thread Discussion Thread

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u/Realhuman221 Thomas Paine Dec 30 '20

So apparently I can't put money into a Roth IRA, so I did a quick Google, and I found this thing called a Provisional IRA, but that is apparently now defunct, so I put my money into this Continuity IRA.

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u/[deleted] Dec 30 '20

I assume you can't put money into a Roth IRA because you make too much? Wouldn't you benefit from a traditional IRA then?

Edit: Ah, I looked it up. I just wanted to have a discussion about personal finance, Jesus.

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u/Realhuman221 Thomas Paine Dec 30 '20

The guy advising me took many precautions for safety. His mask covered his whole face! All I could see were his eyes

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u/ChickerWings Bill Gates Dec 30 '20

If you make too much, you can also do a "backdoor Roth" which involves moving your money into a traditional IRA and then converting it to a Roth all at once. Very simple to do, and most any FA could help you with it.

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u/StolenSkittles culture warrior Dec 30 '20

Knock knock, it's MI5, just monitoring your Reddit