The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: IRA contribution limits Date:  12/1/1999  11:05 AM
Author:  TMFPixy Number:  15788 of 78168

Greetings, Jake, and welcome. You asked:

<<A colleague told me that he trades most of his stocks in a traditional IRA. He is not eligible for the tax deductions but he still places tens of thousands of dollars into it every year. He explained that this is because the interest etc is tax free until withdrawal.
Does this sound correct? Excuse my ignorance but I thought that you cannot put more than $2,000 dollars per year into a