Message Font: Serif | Sans-Serif
No. of Recommendations: 2
I've always understood that you can only invest a maximum of $2000.00 in an IRA; notwithstanding spousal contributions. Is that true or am I missing something?
Is it that the $2000.00 is the only amount that is protected from taxes and any other additional amount will be subject to capital gains but still follow the same rules as far as no withdrawals until age 59 1/2?
Print the post  


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.