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Author: cabreck Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25242  
Subject: 401K/Roth IRA Date: 3/26/2002 11:39 AM
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I had to little taken out of my paycheck in 2001 and owe about $1600 in taxes and I think a penalty for 2001.

I only contributed about $2500 (5% of my income) to my company's 401K last year.

Is there any way I could contribute money to a Roth IRA, or other non-taxable fund to reduce my 2001 taxable income now?

In hindsight, I wish I would have contributed more (and claimed less deductions, whoops).

Thanks.
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