UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: hollygayman Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75335  
Subject: IRA yearly limit Date: 10/6/1999 8:36 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I have accepted a new job opportunity with a small company that does not currently have a 401K. I have been saving the maximum in my prior company's 401k for years.

I also have an established IRA which I can contribute to. It is my understanding that I can only contribute $2000 to this IRA per year. If this is so, should I open another IRA for my husband who is self-employed and put $2000 in that as well?

Also, since I have made 401K contributions in 1999 January - October 30 can I contribute to my IRA November - December of this year too to make up for the 2 month loss in retirment savings.

Thanks for your advice.

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Macro Economics

Intel's Broadwell Potential
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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