Just transfer some money after opening the account for the initial deposit. Wait until the paperwork arrives, and signature card signed and returned, and transfer the rest.

Creating many smaller transfers is one way to get flagged.

The problem of people getting flagged by banks' risk management system is almost always with the person, either with their personal information, behaviors, or both.

Ally Bank has been around for 100+ years. They are as normal as banks get.

Because IRA contributions are out of pocket (even if you set up direct deposit through payroll), payroll cannot treat them as pretax deductions. As far as they're concerned, it's just another bank account to deposit your paychecks**. However, this doesn't mean you can't enjoy the tax deduction now. To enjoy the tax deduction now, put the amount you plan to deduct annually on Form W-4 step 4b. This way, payroll will know to withhold less tax because your taxable income is lowered by the amount specified on step 4b.

**Strongly suggest that you do not set up direct deposit into an IRA, because any errors will cause more problems (e.g. excess contribution, reversed mistaken deposit being treated as early withdrawal).

You can, but it doesn't matter.

Your own address matters much more.

>Schwab wants a employer address, but i’m not sure what to put down.

You can put your base address. It's just for FINRA compliance. They are not going to mail anything to it.

If you are not able to move after-tax contributions into a Roth (IRA or 401k, doesn't matter which) in a short time, the growth will end up make it worse than a regular taxable account.

In a taxable account, most capital gains and dividends are taxed at long term rates, but all growth coming out of the after-tax account are taxed at ordinary rates. So you need to move the after-tax contributions to Roth before they generate too much growth.

What exactly are you trying to calculate?

You're paid biweekly. My calculations can confirm this based on the withholding calculations.

^1 Assuming

• Federal: Disable "standard deduction"
• Georgia personal allowance = 1

Since you are "nonresident alien", you do not have the $12,950 standard deduction (See Form 1040NR line 12). Instead, you must itemize. Therefore, payroll computer assumes your deduction is $0 instead of $12,950.

Are you considered "nonresident alien" for the purpose of filing US federal tax return?

Can you confirm your pay frequency is actually semimonthly (24 times in a calendar year) and not biweekly (26 times in a calendar year)? Because if you are paid only 24 times a year, you only actually make $73.8k and not $80k

> Per pay bimonthly paycheck - Gross pay - $3076.93

> Pre tax deductions - 401k- $307.7 Healthcare FSA-$11.04 Medical - $52

> Employee taxes - Federal - $426.97 State -$131.11 (GA) Take home - $2148.11

Are you exempt from Social Security tax and Medicare tax? If not, where are they?

That's where Roth IRA comes in.

Do you expect the highest tax rate during retirement to ever exceed 24%? If not, do 100% traditional 401k followed by Roth IRA.

List every tax and deduction separately!

List your pay and deductions on your most recent paystub.

ETA: Based on additional information, all amounts on your paycheck are consistent. Because you only started working in the US for ~4 months, withholding is likely overestimated. Also, if you have any itemizable deductions, you can further reduce taxable income.

Yes. Conversion is strictly calendar year based.

Contribution on the other hand, can be made until Tax Day.

You have until 12/31 of the calendar year you perform Roth conversions to empty out your traditional IRA.

You can roll over, contribute, and convert in any order, as long as you don't mix up pretax and aftertax balances in the same account.

If you cannot deduct the traditional IRA contribution due to your income and having a 401k, you should then consider the following two things:

1. Can you make Roth IRA contributions directly? Read about the income limit. If yes, recharacterize the 2022 traditional IRA contribution as Roth IRA contributions.

2. If #1 is a "no", then read about Backdoor Roth

> then I won't see any return for more time.

You will see return, just not "forcibly realized return".

Dividend distribution is a forced taxable income, whether you want it or not, whether you are in 15% tax rate or worse.

What's your income? You might not be able to deduct traditional IRA contributions if you make more than a certain limit. If this is the case, you use Roth IRA instead.

Looks like Bogleheads confirmed that the bonus from Fidelity is not considered an IRA contribution.

If Fidelity treats the $100 bonus as an IRA contribution after your initial $50 contribution, you can contribute $5850 more for 2022. Earnings inside the account don't matter for how much you can contribute. The amount of contribution they'll put on the Form 5498 is what ultimately matters. Unfortunately, Fidelity has been very inconsistent on whether to treat the bonus as contribution or earning.

edit: Looks like Bogleheads users confirmed that the account sign-up bonus is not considered an IRA contribution (shows up as "commission credit"), so you can contribute $5950 more for 2022. However, it will be considered pretax earning since it entered your traditional IRA.

No. You're converting the balance inside a traditional IRA to Roth IRA, not the account itself. The two accounts stay exactly where they are. The contents move.

Contact TreasuryDirect (may also need to get the estate executor to also contact TD). The I bond gift should go to the recipient's estate.

> My UPS mailbox is a different zip code than my brothers address (currently filed with my employer), but they are in the same city and state.

It's fine as long as the employer is able to get the state and local tax withholding right. If not, you'll need to deal with getting the wrong local tax refunded and paying the right local tax.

> I just want to make sure I am not causing any issues using my UPS mailbox

There is just one caveat. UPS mailbox is considered a commercial address, so you can't do a USPS mail forwarding from it. If you ever stop renting the mailbox, you have to make sure to tell all senders instead of relying on mail forwarding.