Author Topic: Vanguard Roth IRA contributions  (Read 1271 times)

Bettis

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Vanguard Roth IRA contributions
« on: July 14, 2016, 08:05:03 AM »
Back in 2011 I started a Roth IRA with American Funds (blech).  Once I saw the error in my ways(Aug or Sept 2014), I switched over to Vanguard.

My true contributions (rounded):
2011 - $5000
2012 - $5000
2013 - $5000
2014 - $5500
2015 - $5500
2016 - $3200
Total = $29,200

From what I understand, if I retire early, I can withdraw that money with no issues to help me with the 5 year ladder process.  However, when I log onto Vanguard, it shows my purchases as ~$34,100.  I believe this is because when I switched from AF to Vanguard, it just marked all my AF money as purchases, even the investment gains.  Is there a separate way to have proof of my true contributions because I don't want insufficient proof for the IRS?

johnny847

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Re: Vanguard Roth IRA contributions
« Reply #1 on: July 14, 2016, 08:15:27 AM »
Yes, there is. The official way would be the Form 5498 that you should have gotten from both American Funds and Vanguard every year you made a contribution. I'm fairly  certain the IRS would still accept your statements from Vanguard and American Funds, but Form 5498 is preferable.

Bettis

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Re: Vanguard Roth IRA contributions
« Reply #2 on: July 14, 2016, 08:29:33 AM »
Perfect, thank you!  I know I keep all my forms so assuming they sent it to me, it's in my files.  I don't expect to FIRE before my mid-late 50s based on my savings rate but in case I end up exceeding my goals, it's good to have official proof of everything just in case.