Comments on: The biggest traditional IRA tax mistake and how to avoid. https://hotsidehustles.com/the-biggest-traditional-ira-tax-mistake-and-how-to-avoid/ Drop your 9 to-5 for good Fri, 12 May 2023 16:22:27 +0000 hourly 1 https://wordpress.org/?v=6.5.2 By: oh yeah! https://hotsidehustles.com/the-biggest-traditional-ira-tax-mistake-and-how-to-avoid/#comment-1229 Sat, 22 Apr 2023 23:08:27 +0000 https://hotsidehustles.com/?p=293#comment-1229 I think what you did is scare people from using a traditional IRA more than try to inform them about a tax technicality.

]]> By: Efrain Vega https://hotsidehustles.com/the-biggest-traditional-ira-tax-mistake-and-how-to-avoid/#comment-1231 Fri, 14 Apr 2023 09:24:12 +0000 https://hotsidehustles.com/?p=293#comment-1231 When you say “So if you have a traditional ira, and you put money in it, and you are cover by a 401k plan at work.”

Do you mean I have to have a Traditional ira besides just my 401k plan to be able to take the deduction?  Or Traditional ira, means 401k plan?

]]> By: Rob Casais https://hotsidehustles.com/the-biggest-traditional-ira-tax-mistake-and-how-to-avoid/#comment-1232 Sun, 15 Jan 2023 17:49:48 +0000 https://hotsidehustles.com/?p=293#comment-1232 Do you have another video explaining how the form 8606 play into the tax on T IRAs? I’m curious how that works. Thanks.

]]> By: Al Rocky https://hotsidehustles.com/the-biggest-traditional-ira-tax-mistake-and-how-to-avoid/#comment-1238 Fri, 25 Feb 2022 21:02:12 +0000 https://hotsidehustles.com/?p=293#comment-1238 In reply to tman678.

Why don’t you convert that ~$18,000+ traditional IRA to Roth IRA?

]]> By: tman678 https://hotsidehustles.com/the-biggest-traditional-ira-tax-mistake-and-how-to-avoid/#comment-1237 Sat, 29 Jan 2022 14:56:00 +0000 https://hotsidehustles.com/?p=293#comment-1237 Super helpful… what are the benefits of a traditional IRA if I don’t qualify for tax deductions? (Ie… if 2019 I contribute $6k post tax with $150k salary… 2020 do the same… 2021 do the same…)

]]> By: Ken Glatzer https://hotsidehustles.com/the-biggest-traditional-ira-tax-mistake-and-how-to-avoid/#comment-1249 Tue, 21 Dec 2021 04:56:39 +0000 https://hotsidehustles.com/?p=293#comment-1249 Use form 8606. That separates the amounts for you.

]]> By: SIVA BHARGAV https://hotsidehustles.com/the-biggest-traditional-ira-tax-mistake-and-how-to-avoid/#comment-1245 Tue, 19 Oct 2021 19:27:42 +0000 https://hotsidehustles.com/?p=293#comment-1245 This is really great stuff man. you are really helpful.

]]> By: Criss J https://hotsidehustles.com/the-biggest-traditional-ira-tax-mistake-and-how-to-avoid/#comment-1233 Wed, 02 Jun 2021 20:21:26 +0000 https://hotsidehustles.com/?p=293#comment-1233 Thank for this info

]]> By: Brittney Ayers https://hotsidehustles.com/the-biggest-traditional-ira-tax-mistake-and-how-to-avoid/#comment-1241 Mon, 10 May 2021 04:24:49 +0000 https://hotsidehustles.com/?p=293#comment-1241 Do your comments about a 401k plan also apply to a Roth 401k?

]]> By: bubbathenaslover https://hotsidehustles.com/the-biggest-traditional-ira-tax-mistake-and-how-to-avoid/#comment-1248 Thu, 18 Mar 2021 04:21:15 +0000 https://hotsidehustles.com/?p=293#comment-1248 This def helped me out with my traditional IRA, thanks so much

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