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Author: nolsson Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122648  
Subject: Immediate maximum deposit to Roth IRA Date: 12/9/1999 9:38 AM
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Dear Fools,

I have two brokerage accounts. One is a regular account, and one is a Roth IRA account. I would like to transfer the 2000 yearly maximum ($2000) cash from my regular account to my Roth IRA as early as possible in January. Are there any restrictions I haven't yet read about that would prevent me from doing this?

I would think the IRS might object because I won't have earned any income from which to make the is money I had in my account from 1999 earnings. I'm pretty sure I won't be elevating myself to a tax bracket that will phase down or phase out my allowed contributions to IRAs any time in Y2K.

Any thoughts?

Thank you,


p.s. e-mail replies are welcome at:
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