I know the contribution limits are $6,000 for 49 and under and $7,000 for fifty-year-olds, but what is the exact timing?
Can you contribute 7K in the same year that you *will* turn 50, or is it the year after that?
Roth IRA question for old fogies
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dualstow
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Roth IRA question for old fogies
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Re: Roth IRA question for old fogies
I am pretty certain you can take the bump up in the year that you turn 50.
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
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dualstow
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Re: Roth IRA question for old fogies
Thank you, J.H.
Yeah, my accountant just chimed in with the same statement.
Yeah, my accountant just chimed in with the same statement.
9pm EST Explosions in Iran (Isfahan) and Syria and Iraq. Not yet confirmed.