No. of Recommendations: 0
...Finally, does the $8 commission for my trades have to be included in my $2000 contribution, or can I send in $2032 since we will be buying four different stocks?

Sorry, your commission or any other expense must come out of your IRA funds. Otherwise, the extra funds used to pay the expenses are considered IRA contributions and you would be subject to penalties if you have already contributed your maximum for the year.

Zev
Print the post  

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement