It is my understanding that for a traditional IRA you can Invest up to 2,000 per tax year. My question is does your contribution have to be made all at one time?
OOOOOO!!!!! Good question. I was wondering the same thing myself. I beleive that it is a one time contribution per year. So that leaves me with another question. Can I make periodic investments throughout the year....in the stock market and roll these over into my IRA. If I can will I be taxed on them. I beleive I already know the answers to these questions but would like some confirmation. Thank you for your time.
This one I know. There are very few questions I can answer. The answer is no, you do not have to make a lump sum contribution to an IRA of any sort (be it a Roth or a traditional IRA). You can make contributions throughout the year until you reach the maximum limit set up by law. (Incidently, I understand there is talk of raising the maximum limit on IRA contributions...
Please see the reply to the original post...
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