The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: REALITY CHECK TO A ROTHIRA Date:  12/10/1998  11:06 PM
Author:  zgriner Number:  7181 of 88495

...Finally, does the $8 commission for my trades have to be included in my $2000 contribution, or can I send in $2032 since we will be buying four different stocks?

Sorry, your commission or any other expense must come out of your IRA funds. Otherwise, the extra funds used to pay the expenses are considered IRA contributions and you would be subject to penalties if you have already contributed your maximum for the year.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us