Comments on: Tax time tension http://blogs2.startribune.com/blogs/kablog/2008/04/11/tax-time-tension/ Put the \"personal\" back in personal finance, the \"me\" in money management, the \"I\" in investing. Mon, 23 Nov 2009 18:19:43 +0000 http://wordpress.org/?v=2.3.3 By: mike d http://blogs2.startribune.com/blogs/kablog/2008/04/11/tax-time-tension/#comment-9013 mike d Mon, 14 Apr 2008 13:03:15 +0000 http://blogs2.startribune.com/blogs/kablog/2008/04/11/tax-time-tension/#comment-9013 Ditto. While I don't yet have the means to max out my wife's Roth that we have over at Vanguard, I can vouch that the option to auto-magically max out your contributions is there. AND they are extremely transparent with the rest of that tax stuff, such as figuring out which contribution went to which tax year - overall, very easy to use web site, too. Ditto. While I don’t yet have the means to max out my wife’s Roth that we have over at Vanguard, I can vouch that the option to auto-magically max out your contributions is there. AND they are extremely transparent with the rest of that tax stuff, such as figuring out which contribution went to which tax year - overall, very easy to use web site, too.

]]> By: Elizabeth http://blogs2.startribune.com/blogs/kablog/2008/04/11/tax-time-tension/#comment-9011 Elizabeth Fri, 11 Apr 2008 21:41:00 +0000 http://blogs2.startribune.com/blogs/kablog/2008/04/11/tax-time-tension/#comment-9011 Switch your Roth to Vanguard. They do track your contribution year, and you can also set up an automatic investment plan to either max out your year's contributions or to put in a specific amount every time period of your choosing. However, if you do use the automatic investment, it will only put money in the current year's Roth--you can't set it up for the prior year during the catch-up period. I found that out the hard way, but after I called about it, they transferred my automatic contributions from the current year to the previous year. Switch your Roth to Vanguard. They do track your contribution year, and you can also set up an automatic investment plan to either max out your year’s contributions or to put in a specific amount every time period of your choosing.

However, if you do use the automatic investment, it will only put money in the current year’s Roth–you can’t set it up for the prior year during the catch-up period. I found that out the hard way, but after I called about it, they transferred my automatic contributions from the current year to the previous year.

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