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aj485 writes,

I'm not sure why you would make your contribution for 2014 in Dec, 2014 and then make your contribution for 2015 in Jan, 2015. You can wait until April 15 of the following year to make your contribution (like IRA contributions), so you could make both the 2014 and the 2015 contributions any time between Jan 1, 2015 and April 15, 2015. Here's the verbiage about 2013 from IRS Pub 969:


Excellent idea!

I'll wait until April 2015 to open the account and make contributions for both 2014 and 2015. That will drop the fee for 2014 to $0 and 2015 to $49.50.


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