No. of Recommendations: 0
I'm considering opening a Roth IRA, but I'm a little confused by one thing. The info I've been reading indicates that you can contribute up to $2000 per tax year, so that you can put money in up until April 15 of the next calendar year and consider it as a contribution for the previous year for tax purposes. My question is, does money put in between, say, Jan 1 2000 and Apr 15 2000 HAVE to be considered as a contribution for 1999, or can it be considered either way?

Either. Be sure to designate the year for the contribution made in the first quarter.

In other words, can I get away with contributing $2000 in December 1999 and another $2000 in January 2000? I suspect that the answer is yes, but I want to make sure before I get myself into trouble.

Thank you, Fools.


Yes.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
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.