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|Subject: Re: Roth IRA through Datek||Date: 9/6/1999 10:30 PM|
|Author: AndOne||Number: 13756 of 81362|
I will be starting a Roth IRA through Datek for tax year 2000. I'd like to know if I can make tax year 2000 contributions in 1999, as well as make trades applicable to tax year 2000 in 1999. I'd like to know so I can make my first trades in December, the favorite FF month.
I went to the IRS site, www.irs.gov and found the relevant information: http://www.irs.gov/prod/forms_pubs/pubs/p5900202.htm
When Can I Make Contributions?
You can make contributions to a Roth IRA for a year at any time during the year or by the due date of your return for that year (not including extensions).
Looks like your out of luck. But since you do not have to pay taxes on your gains for the Foolish Four, the one year holding period is not as important. Simply rebalance in 11 months: December of 2000. Then you will be on schedule to take advantage of December rebalancing for the rest of your investing days.
Best of Luck,
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