If you are a graduate student or postdoc whose stipend or salary is paid by a fellowship or training grant, you may not be allowed to contribute to an IRA for your retirement investing. Only “taxable compensation” may be contributed to an IRA, which for PhD trainees translates to W-2 income. Income reported on a 1098-T, a 1099-MISC in Box 3, a courtesy letter, or not at all is not eligible.
The irony is that PhD trainees receiving this kind of pay are often being paid more than their peers and therefore have an increased ability to save for retirement. Often, when grad students or postdocs find out that they are ineligible to use an IRA, they give up on their plans to save for retirement, but this is wholly unnecessary and counter-productive.
This webinar will show you why it is still valuable to invest for retirement even if you don’t have access to an IRA, how to do so in a way that minimizes your tax burden, and how to ultimately “transfer” those assets into a tax-advantaged retirement account like a 403(b) when you have access to one.
The webinar will be held live on September 1, 2018 at 11:00 AM ET / 8:00 AM PT and will consist of approximately 30 minutes of presentation and 30 minutes of Q&A.
Register below to attend live and receive the recording (without the Q&A) afterwards.
