The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Contribution to a Roth IRA Date:  2/10/2005  10:04 AM
Author:  situate Number:  44458 of 100419

Just curious ...

Not that I would, but what's to keep taxpayers who have a household income of $150K-$160K to contribute the full amount (e.g., $3000 or $3500 in 2004 depending on age) to a Roth IRA?

The 1099 doesn't seem to include information of this type. Is there some other kind of communication between the IRS and brokerage houses regarding this issue?
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us