The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Starting a Roth IRA...||Date: 1/29/2000 3:52 PM|
|Author: BGPenhollo||Number: 18430 of 81633|
"If I open the Roth IRA before April 15th, can I fund it with $4000 ($2000 for 1999 and $2000 for 2000)??? "
I have seen you have been told this can be done.
I would recommend for tax purposes and so there is no problem that you make out two checks and that you write on each check which Roth IRA year it goes to.
It also would make more sense to use the lower numbered check for 1999 and the higher number check for 2000.
You should send explicit instructions and keep a copy of those instruction as long as you hold the Roth.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|