When it comes to decorating your home, one of the most important elements is the rug. Not only does it provide a comfortable place to walk and sit, but it also ties together the de... Your initial Roth IRA contribution (even if it is just $1) starts the clock on something called the "five-year rule". In basic terms, that rule requires Roth IRA owners have their account for five or more years to avoid paying income tax on any withdrawn investment earnings. (Note: contributions to a Roth IRA are always tax & penalty-free. You ... Nov 6, 2023 · Contribution limits for Roth IRAs and Roth 401 (k)s are very different. You can potentially save much more per year using a Roth 401 (k) than a Roth IRA. Here’s how the contribution limits compare for 2023: Roth IRA. Under age 50: $6,500. Age 50+: $7,500. Roth 401 (k) Under age 50: $22,500. Age 50+: $30,000.Roth IRA vs. Traditional IRA. Advertiser disclosure. Roth IRA vs. Traditional IRA. Traditional and Roth IRAs differ mainly in how and when your money is taxed. A …Mar 4, 2024 · Ineligible for direct Roth IRA: $10,000 or more: Ineligible for direct Roth IRA: Single or Head of Household Less than $138,000: $6,500 ($7,500 if age 50+) Less than $146,000: $7,000 ($8,000 if ...Advertiser disclosure. What Is a Roth IRA? Rules & How to Open One. A Roth IRA is an individual retirement account that you contribute to with after-tax dollars. …Required minimum distributions (RMDs) are mandatory withdrawals from specific types of retirement accounts, including traditional IRAs, SEP IRAs, Simple IRAs, most 401(k)s, 403(b)s...Mar 4, 2024 · The Roth IRA is a unique and powerful tool for retirement savings. That’s because this type of individual retirement account comes with tax-free withdrawals, a huge advantage that gives you more ... Mar 4, 2024 · The Roth IRA is a unique and powerful tool for retirement savings. That’s because this type of individual retirement account comes with tax-free withdrawals, a huge advantage that gives you more ... Mar 5, 2024 · For example, if your Roth IRA loss is the only miscellaneous deduction, you claim a $5,000 loss and your adjusted gross income is $50,000, you would subtract $1,000 (2 percent of $50,000) from $5,000 to find that your deduction would be $4,000. Let a local tax expert matched to your unique situation get your taxes done 100% right with …If you think that scandalous, mean-spirited or downright bizarre final wills are only things you see in crazy movies, then think again. It turns out that real people who want to ma...When you’re saving for retirement, you want to get the most out of your investments. For some, this involves looking to convert investments from one account to another to collect h...Roth IRA. Under age 50: $6,500. Age 50+: $7,500. Roth 401 (k) Under age 50: $22,500. Age 50+: $30,000. Note: Starting in 2026, the SECURE Act 2.0 will require …Unlike Twitter or LinkedIn, Reddit seems to have a steeper learning curve for new users, especially for those users who fall outside of the Millennial and Gen-Z cohorts. That’s to ... You can contribute to a numbered year within its tax year. So 2022 contributions are from 1/1/2022 through 4/18/2023. This means you can make contributions to both 2022 and 2023, if you want, in the months of Jan-Apr 2023. Just be sure to clearly specify the desired year on the online contribution form. ThisBlueLawn. • 1 yr. ago. Sep 14, 2022 ... Just commit. Regardless of price, whether you think it's too high or too low because the market has tanked, it doesn't matter. Stick to the plan ...Sep 26, 2023 ... When you open a Roth IRA with Valic, you can choose from about 100 different funds to invest your money in. The financial advisor that opened it ... Dollar cost averaging is fine, but so is maxing out your IRA in January. It likely won't matter all that much by the time you retire. Roth IRA - tax free when you want it. Keep 3 months of emergency fund in your HYSA. I was doing treasury bill ladder to for emergency fund but that looks to be moving. Fact checked by. Vikki Velasquez. Roth IRA vs. Traditional IRA: What's the Difference? A key difference between the two types of individual retirement accounts …Dec 21, 2023 ... You can absolutely contribute. Just open a trad IRA and use it as a pass-through. It's called a "backdoor" Roth IRA contribution and it's a ...A Roth IRA is an individual retirement account (IRA) you fund with after-tax dollars. Your investments have the potential to grow tax-free and may be withdrawn tax-free, provided certain requirements are met. 1 Contributions you add to a Roth may be withdrawn at any time penalty-free.Required minimum distributions (RMDs) are mandatory withdrawals from specific types of retirement accounts, including traditional IRAs, SEP IRAs, Simple IRAs, most 401(k)s, 403(b)s...A Roth IRA is a great way to save for retirement, and if you’ve decided to open one, kudos to you. That’s a smart money decision. Now, you’ll need to answer …Mar 5, 2024 · For example, if your Roth IRA loss is the only miscellaneous deduction, you claim a $5,000 loss and your adjusted gross income is $50,000, you would subtract $1,000 (2 percent of $50,000) from $5,000 to find that your deduction would be $4,000. Let a local tax expert matched to your unique situation get your taxes done 100% right with …I am a beginner in investing and want to make sure my money goes to the best Roth IRA out there. For context, I am 23F and don't have a full-time job yet, but can add (at the …Dec 31, 2023 ... In any case, like everyone has already stated. Roth IRA are funded by post-taxed dollars and restricted to an annual contribution limit and has ...3 days ago · In comparison, contributions to Roth IRAs are not tax-deductible, but the withdrawals in retirement are tax-free. Here are the other main differences between traditional and Roth IRAs: $6,500 in ... HSA is usually better than Roth IRA. It goes in pretax, grows pretax, and comes out untaxed when used for qualified medical. At 65, you can withdraw from it without penalty, but still owe taxes when not used for qualified purchases. Currently, HSA can be used for glasses, contacts, or LASIK, if you need those. Roth IRAs provide a hedge against potential tax increases, offering Gen Z individuals a strategic advantage in navigating an unpredictable financial environment. …Roth IRA rules do allow for call options trading. There are a few key things to consider before buying call options through a Roth IRA. You'll need to make sure your brokerage perm...15. u/pinkglue99. • 2 yr. ago Inherited Roth IRA Question. I have an inherited Roth IRA fund with one investment that was purchased in 2018. The original owner passed away in …15. u/pinkglue99. • 2 yr. ago Inherited Roth IRA Question. I have an inherited Roth IRA fund with one investment that was purchased in 2018. The original owner passed away in …1. The contribution limit for an IRA is $7,000 - can I contribute $7,000 to both a Roth IRA and a traditional IRA? 2. I do not report any earned income to the IRS because of the …Dec 20, 2023 ... About Reddit · Advertise · Help · Blog · Careers ... Once the money is in the Traditional IRA, convert the contents of the Traditional ...Mar 4, 2024 · Ineligible for direct Roth IRA: $10,000 or more: Ineligible for direct Roth IRA: Single or Head of Household Less than $138,000: $6,500 ($7,500 if age 50+) Less than $146,000: $7,000 ($8,000 if ...|. Edited by Brady Porche. |. March 14, 2024, at 2:00 p.m. Getty Images. By strategically placing assets with high growth potential, high turnover or those generating …Hi! Just opened up a Roth IRA with fidelity. I just put $100 in it to start. It says “your Roth IRA isn’t fully invested” and when I go to tap on that, it says “forge your investment path” …Mar 11, 2023 ... Buy shares in an equity mutual fund company. Since you're decades from retirement, buy high growth, high risk company shares. You can get ...Jan 2, 2024 ... Investing into Roth IRA on a monthly/weekly basis or in a lump sum? ... I've decided to start contributing to a Roth IRA ... Invited to buy Reddit ... You can contribute to a numbered year within its tax year. So 2022 contributions are from 1/1/2022 through 4/18/2023. This means you can make contributions to both 2022 and 2023, if you want, in the months of Jan-Apr 2023. Just be sure to clearly specify the desired year on the online contribution form. ThisBlueLawn. • 1 yr. ago. If you contribute $6,500 in 2023 to a Traditional IRA, you'll get a $65 match. When you then do a Roth conversion, the $65 is taxable. On the other hand if you contribute directly to a Roth IRA and get the match in the Roth IRA, it is considered earnings and will never be taxable. It's not a big deal, but it's annoying. Jan 21, 2024 ... Security, on the surface Vanguard is the better of the two… Vanguard accounts can be locked down with two FIDO keys (two is necessary to drop ...Mar 4, 2024 · Rules & How to Open One. A Roth IRA is an individual retirement account that you contribute to with after-tax dollars. Your contributions and investment earnings grow tax-free. By Tina Orem ... If you are close to the Roth MAGI (or not sure you will be) you can use the back door Roth contribution method i.e. post tax contribution to IRA (no income limits to contribute) then immediately convert it to Roth. This is best done after you have already converted all your IRAs to Roth i.e. carry a zero balance in IRAs at end of year. Mar 11, 2023 ... Any profit you make doesn't get taxed! This is because in a Roth the money you initially deposit was already taxed. Traditional ira and 401k ...Unlike Twitter or LinkedIn, Reddit seems to have a steeper learning curve for new users, especially for those users who fall outside of the Millennial and Gen-Z cohorts. That’s to ...3 days ago · Unlike with a traditional IRA, you can withdraw sums equivalent to your Roth IRA contributions penalty- and tax-free before the due date of your tax return, for any reason, and even before age 59½. An IRA is not a taxable account, so all those distributions are tax deferred for a Traditional IRA, or tax free for a Roth IRA. The other disadvantage is that Fidelity has to pay all the smart people who are doing research to find winner stocks to put in their actively managed fund. So the fund will have higher fees. Jan 21, 2024 ... Security, on the surface Vanguard is the better of the two… Vanguard accounts can be locked down with two FIDO keys (two is necessary to drop ... Probably not. The advantage of not paying income tax today (and therefore getting compounding interest on a larger nut; i.e. the 401k option), or not paying cap gains tax on your investment gains (i.e. the Roth option), is quite big. The only downside is the early withdrawal penalty, which as others have said is possible to work around. 3 days ago · In comparison, contributions to Roth IRAs are not tax-deductible, but the withdrawals in retirement are tax-free. Here are the other main differences between traditional and Roth IRAs: $6,500 in ... Feb 11, 2024 ... The "News & Research" tab on Fidelity.com features a variety of these tools, organized by security type, that allow you to compare different ...Mar 4, 2024 · The Roth IRA is a unique and powerful tool for retirement savings. That’s because this type of individual retirement account comes with tax-free withdrawals, a huge advantage that gives you more ... It's apparently a type of Roth IRA, but you will only receive some interest on your input, so you may see something like 1-3% growth per year, maximum. Also, it says that when you reach $15k, you are automatically out of the program and the money will be transferred to a Roth IRA with a "normal" investment institution of your choice. Mar 11, 2023 ... Any profit you make doesn't get taxed! This is because in a Roth the money you initially deposit was already taxed. Traditional ira and 401k ...3 days ago · Unlike with a traditional IRA, you can withdraw sums equivalent to your Roth IRA contributions penalty- and tax-free before the due date of your tax return, for any reason, and even before age 59½.Hi! Just opened up a Roth IRA with fidelity. I just put $100 in it to start. It says “your Roth IRA isn’t fully invested” and when I go to tap on that, it says “forge your investment path” …Roth IRA vs. Traditional IRA. Advertiser disclosure. Roth IRA vs. Traditional IRA. Traditional and Roth IRAs differ mainly in how and when your money is taxed. A …Jan 18, 2024 ... Check your 401K to see if it allows after tax contributions with In Plan Roth Rollover, after you've maxed out your regular contributions. It is ...Required minimum distributions (RMDs) are mandatory withdrawals from specific types of retirement accounts, including traditional IRAs, SEP IRAs, Simple IRAs, most 401(k)s, 403(b)s...Jan 31, 2023 ... For someone that is 23, that means you'll have to save at least a couple million. As a rule of thumb, you'll probably want 10% of your income ...Jan 6, 2021 · Fidelity Go®: Best for Roth IRA Robo-Advisors for Hands-Off Investors. E*TRADE IRA: Best for Roth IRA Brokers for Hands-On Investors. SoFi Automated Investing: Best for Roth IRA Robo-Advisors for ...A user posted a detailed analysis of the benefits and drawbacks of Roth IRA and traditional IRA based on tax rates, income, and retirement income. The post shows the results of … Over the next 25 years, the Traditional IRA holder both received a net annual payout of 12% less than the Roth holder and paid a total of $68,173.30 in taxes, more than double the amount paid by the Roth IRA holder. All things considered, the Roth IRA holder will net $37,703.30 more money than the Traditional IRA holder. Reddit is a popular social media platform that boasts millions of active users. With its vast user base and diverse communities, it presents a unique opportunity for businesses to ...May 31, 2022 · Day trading is a way for traders to try to produce profit in the short term by making frequent trades. This is roughly the opposite of what Roth IRAs are intended for: long-term retirement savings. In fact, some Roth IRA rules make day trading in the account very difficult. The primary rule blocking day trading in a Roth IRA is that Roth IRAs ...3 days ago · In comparison, contributions to Roth IRAs are not tax-deductible, but the withdrawals in retirement are tax-free. Here are the other main differences between traditional and Roth IRAs: $6,500 in ...E-Trade. Ally Invest. Firstrade. SoFi Automated Investing. Fidelity Go. Wealthfront. Betterment. Ellevest. Vanguard Digital Advisor. Charles Schwab Intelligent Portfolios. …For 2024, people under the age of 50 are allowed to put up to $7,000 into all IRAs combined -- not $7,000 into a Roth and $7,000 into a traditional IRA. If you want to …15. u/pinkglue99. • 2 yr. ago Inherited Roth IRA Question. I have an inherited Roth IRA fund with one investment that was purchased in 2018. The original owner passed away in …3 days ago · Unlike with a traditional IRA, you can withdraw sums equivalent to your Roth IRA contributions penalty- and tax-free before the due date of your tax return, for any reason, and even before age 59½. EcoMika101. •. Yes and yes. To open a Roth IRA, you just need to have W-2 income, and need to make more than what you’re contributing. Say you make $3k a year.... you can’t contribute $6k then. Doesn’t matter if you or your wife work part time or work at all if you file taxes as Married Filing Jointly. Jan 21, 2024 ... Security, on the surface Vanguard is the better of the two… Vanguard accounts can be locked down with two FIDO keys (two is necessary to drop ...Alternatives to Reddit, Stumbleupon and Digg include sites like Slashdot, Delicious, Tumblr and 4chan, which provide access to user-generated content. These sites all offer their u...Dec 28, 2023 ... There are legit arguments for each one and you can Google/reddit them to decide. Just choose one and stick with it. Personally I recommend ... If you max out your Roth IRA for 42 years, you can expect your account balance to be roughly $1,000,000 in today’s dollars by age 65. Using a 4% SWR, that will produce $40,000 in yearly spending and has a 95% chance of producing that income through age 95. Combined with social security and your state retirement plan, that will most likely ... Dec 31, 2023 ... About Reddit · Advertise · Help · Blog · Careers ... Roth IRA Investments - Is it really this simple?? Official Response. Hey all. I (3... Opening a Roth IRA at Fidelity is the first step in securing your future finances. Contribute what you can and increase it to the $500/mo maximum as soon as you can. As for allocations, I recommend you split your contribution 60/40 or 70/30 between FZROX and FZILX. If I had a son I would tell him to contribute the following every month: $300 ... 3 days ago · In comparison, contributions to Roth IRAs are not tax-deductible, but the withdrawals in retirement are tax-free. Here are the other main differences between traditional and Roth IRAs: $6,500 in ...Roth ira reddit
For the year that your income exceeds the limit, you can't make direct contributions. If you already have, you need to fix that by either withdrawing the excess contribution and associated earnings, or recharacterizing the contribution to a traditional IRA potentially followed by a Roth conversion, aka the backdoor Roth IRA. ElementPlanet. 1. The contribution limit for an IRA is $7,000 - can I contribute $7,000 to both a Roth IRA and a traditional IRA? 2. I do not report any earned income to the IRS because of the … Ballmaster9002. •. The super basic logic is this - with a Roth IRA you pay your income tax on your earnings now and the growth is free. On a 401k you dont pay income tax now, you pay it in retirement. The logic is that is, as a young earner, you are likely currently earning the least amount of money you'll ever make. Reddit is a popular social media platform that has gained immense popularity over the years. With millions of active users, it is an excellent platform for promoting your website a...For 2024, people under the age of 50 are allowed to put up to $7,000 into all IRAs combined -- not $7,000 into a Roth and $7,000 into a traditional IRA. If you want to …For 2024, people under the age of 50 are allowed to put up to $7,000 into all IRAs combined -- not $7,000 into a Roth and $7,000 into a traditional IRA. If you want to …Retirement is a glorious time in life that most people look forward to with excitement, but it takes some advance preparation if you want to really enjoy those golden years of leis...Dec 21, 2023 ... You can absolutely contribute. Just open a trad IRA and use it as a pass-through. It's called a "backdoor" Roth IRA contribution and it's a ...If you’re ready to boost your retirement savings, but aren’t sure where to begin, you can start by opening an individual retirement account (IRA). An IRA is a type of investment ac...Advertiser disclosure. What Is a Roth IRA? Rules & How to Open One. A Roth IRA is an individual retirement account that you contribute to with after-tax dollars. …15. u/pinkglue99. • 2 yr. ago Inherited Roth IRA Question. I have an inherited Roth IRA fund with one investment that was purchased in 2018. The original owner passed away in …Mar 4, 2024 · Rules & How to Open One. A Roth IRA is an individual retirement account that you contribute to with after-tax dollars. Your contributions and investment earnings grow tax-free. By Tina Orem ...Feb 23, 2024 ... Those that believe income tax rates will rise across the board in the future usually favor Roth IRAs. Money you contribute to your IRA must then ... EcoMika101. •. Yes and yes. To open a Roth IRA, you just need to have W-2 income, and need to make more than what you’re contributing. Say you make $3k a year.... you can’t contribute $6k then. Doesn’t matter if you or your wife work part time or work at all if you file taxes as Married Filing Jointly. 1. Income limits. Not everyone can contribute to a Roth IRA. Most workers can set aside up to $7,000 to one of these accounts in 2024 if they're under 50 or $8,000 if …Dec 21, 2023 ... You can absolutely contribute. Just open a trad IRA and use it as a pass-through. It's called a "backdoor" Roth IRA contribution and it's a ... A user posted a detailed analysis of the benefits and drawbacks of Roth IRA and traditional IRA based on tax rates, income, and retirement income. The post shows the results of different scenarios and scenarios for a user who wants to contribute $6000 to a retirement account in 2021. The post has over 30,000 upvotes and 1,000 comments. 1. The contribution limit for an IRA is $7,000 - can I contribute $7,000 to both a Roth IRA and a traditional IRA? 2. I do not report any earned income to the IRS because of the … You pay a $25 tax (20%) on $125, then invest $100 in a Roth IRA. It grows to $10,000 (100x) and you owe $0 taxes. You pay $0 tax on $125, then invest $125 in a Traditional IRA. It grows to $12,500 (100x) and you owe $2500 tax (20%). The net in either case, assuming the same tax rate, is $10k after taxes. Cruian. An IRA (individual retirement account) is a tax-advantaged account meant to help you save enough over the long term to be comfortable when you retire. They’re designed with savings...Setting up an individual retirement account (IRA) can be a great way to save for retirement. Before reviewing the basics you need to know about starting or contributing to an IRA, ... After you reach age 73, the IRS generally requires you to withdraw an RMD annually from your tax-advantaged retirement accounts (excluding Roth IRAs, and Roth accounts in employer retirement plan accounts starting in 2024). Please speak with your tax advisor regarding the impact of this change on future RMDs. According to the Peter Thomas Roth website, Peter Thomas Roth is the founder of the Peter Thomas Roth skincare company. He is the child of Hungarian immigrants. The website explain...Jan 5, 2024 ... It works just like a regular IRA or a 401k except the taxes are opposite. With Roth you contribute after tax but then the growth isn't taxed ...Jan 22, 2024 ... About Reddit · Advertise · Help · Blog · Careers ... Just opened a Roth IRA, what is the ... Now let's switch to investing in the R...May 31, 2022 · Day trading is a way for traders to try to produce profit in the short term by making frequent trades. This is roughly the opposite of what Roth IRAs are intended for: long-term retirement savings. In fact, some Roth IRA rules make day trading in the account very difficult. The primary rule blocking day trading in a Roth IRA is that Roth IRAs ... If you max out your Roth IRA for 42 years, you can expect your account balance to be roughly $1,000,000 in today’s dollars by age 65. Using a 4% SWR, that will produce $40,000 in yearly spending and has a 95% chance of producing that income through age 95. Combined with social security and your state retirement plan, that will most likely ... Dec 21, 2023 ... You can absolutely contribute. Just open a trad IRA and use it as a pass-through. It's called a "backdoor" Roth IRA contribution and it's a ...Feb 6, 2024 · 3. Choose how much you want to invest. 4. Select a provider to open your Roth IRA. 5. Gather your paperwork. A Roth IRA is a true gift for retirement savers. While you might not get the tax ... An IRA (individual retirement account) is a tax-advantaged account meant to help you save enough over the long term to be comfortable when you retire. They’re designed with savings...Mar 4, 2024 · Ineligible for direct Roth IRA: $10,000 or more: Ineligible for direct Roth IRA: Single or Head of Household Less than $138,000: $6,500 ($7,500 if age 50+) Less than $146,000: $7,000 ($8,000 if ...An IRA (individual retirement account) is a tax-advantaged account meant to help you save enough over the long term to be comfortable when you retire. They’re designed with savings...Unlike Twitter or LinkedIn, Reddit seems to have a steeper learning curve for new users, especially for those users who fall outside of the Millennial and Gen-Z cohorts. That’s to ...Reddit, often referred to as the “front page of the internet,” is a powerful platform that can provide marketers with a wealth of opportunities to connect with their target audienc...Jun 21, 2021 ... But a lot of people on this sub consider the 22% tax bracket as a reasonable break-even point, meaning if your marginal tax rate is below that, ...Feb 11, 2024 ... The "News & Research" tab on Fidelity.com features a variety of these tools, organized by security type, that allow you to compare different ...Dec 28, 2023 ... There are legit arguments for each one and you can Google/reddit them to decide. Just choose one and stick with it. Personally I recommend ...15. u/pinkglue99. • 2 yr. ago Inherited Roth IRA Question. I have an inherited Roth IRA fund with one investment that was purchased in 2018. The original owner passed away in …Jun 21, 2021 ... But a lot of people on this sub consider the 22% tax bracket as a reasonable break-even point, meaning if your marginal tax rate is below that, ... For you, assuming you’re single, I’d open a new Roth IRA, contribute enough in your traditional 401k to meet the match, apply whatever you can to your new Roth IRA, then go back to your 401k for any excess over your Roth’s max. I would not convert your traditional IRA to a Roth if you don’t want to pay the taxes; just leave it alone. Alternatives to Reddit, Stumbleupon and Digg include sites like Slashdot, Delicious, Tumblr and 4chan, which provide access to user-generated content. These sites all offer their u...Are you confused about how to convert your 401(k) to an individual retirement account (IRA)? Many people have faced this same dilemma at one time or another, so you’re not alone. U...3 days ago · In comparison, contributions to Roth IRAs are not tax-deductible, but the withdrawals in retirement are tax-free. Here are the other main differences between traditional and Roth IRAs: $6,500 in ...Roth IRA has the additional benefit that your gains from investment will not be taxed. So long story short, open Roth IRA account, max it out yearly. Max out other tax …Jan 21, 2024 ... Security, on the surface Vanguard is the better of the two… Vanguard accounts can be locked down with two FIDO keys (two is necessary to drop ...Reddit, often referred to as the “front page of the internet,” is a powerful platform that can provide marketers with a wealth of opportunities to connect with their target audienc...Dec 28, 2023 ... Personally, I'd recommend FZROX over FXAIX - it's a more diversified total market fund and has zero expenses. I have it now in my Roth and it ...Feb 17, 2023 ... The "big three" brokerages that get a lot of recommendations are Fidelity, Vanguard, and Schwab. Any one of those will be fine for your needs, ...Dec 31, 2023 ... About Reddit · Advertise · Help · Blog · Careers ... Roth IRA Investments - Is it really this simple?? Official Response. Hey all. I (3...Mar 4, 2024 · Rules & How to Open One. A Roth IRA is an individual retirement account that you contribute to with after-tax dollars. Your contributions and investment earnings grow tax-free. By Tina Orem ...An individual retirement account (IRA) is an investment vehicle you can use to designate funds for retirement. Types of IRAs include Roth IRAs, SIMPLE IRAs, traditional IRAs and SE... It's just dividing risk. Past performance doesn't guarantee future returns. But even if one market has a probable range of 4-9% growth per year and another has 6-7% projected, you would still want to diversify. Both would average 6.5%, but you want a chance at that 9% while being protected against the 4%. For 2024, people under the age of 50 are allowed to put up to $7,000 into all IRAs combined -- not $7,000 into a Roth and $7,000 into a traditional IRA. If you want to …. How to open an eps file