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Personal Finance and Investing

SheilaT

(23,156 posts)

7. You've been immensely helpful.

Reply to A HERETIC I AM (Reply #6)

Sun Jan 12, 2014, 06:52 PM

Jan 2014

I've printed out page four of the IRS document for my taxable income since I'm an unmarried individual.

What I am also befuddled about is how much earned income, or unearned income, can I have before I have to start paying taxes? Would that amount basically be the standard deduction?

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Four Questions to Ask About 401k to IRA Rollovers [View all] Common Sense Party Jan 2014 OP

Thanks. SheilaT Jan 2014 #1

I think you'll likely take a huge hit on taxes. lastlib Jan 2014 #2

Probably not. My 403b SheilaT Jan 2014 #3

The conversion to a Roth can actually be a good idea. A HERETIC I AM Jan 2014 #4

No, you are not boring me. I more or less know what you've said, SheilaT Jan 2014 #5

Correct - there are no RMD's on Roth IRA's A HERETIC I AM Jan 2014 #6

You've been immensely helpful. SheilaT Jan 2014 #7