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URL:  http://boards.fool.com/jennynoel-you-can-only-contribute-a-total-of-20306392.aspx

Subject:  Re: (stupid) IRA contribution question Date:  2/11/2004  11:32 AM
Author:  babyfrog Number:  39161 of 78166

Jennynoel,

You can only contribute a total of $3000 to your IRA for each year.

Any commissions or other transaction fees have to be paid out of the account balance. You can pay any annual account maintenance fees out of another pocket, if you prefer, but commission and transaction costs need to be paid from the account.

In your particular case, you can write two checks, one for $1000 to cover your remaining 2003 contribution, and another for any amount up to your elegibe contribution limit (likely $3000) for 2004.

So if you wanted to buy the index fund with