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#2
02-10-2004, 10:25 AM
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 Re: Catch-up Roth Contributions Thanks, Tad. I'm under 50 so I assume I can make my contribution for 2003 and 2004 only at this point, 2002 is a lost cause. Appreciate the info, I'm now going to have deductions automatically made to make my contributions! Freddie |
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#1
02-09-2004, 05:46 PM
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| Re: Catch-up Roth Contributions Freddie wrote: - quote - > I'm not terribly up to date on the rules relating to Roth IRA > contributions, could someone please tell me if I can make > contributions to my Roth for previous years missed (i.e. I opened it > and made maximum contributions in 2000 and 2001, but made no > contributions in 2002 nor 2003. "Catch-up contributions" refers to the higher contribution limits for individuals who are age 50 or older at the close of the tax year (12/31). If you meet that, and you meet the other requirements, you can contribute an extra $500 above the normal $3000 limit. The tax-filing-date deadline for making the contribution (usually April 15) still applies though. So even if you qualify for a catch-up contribution, today you can only make a contribution for tax year 2003 or 2004, and if you don't make one by 4/15/04, you've lost the chance to make a Roth IRA contribution for 2003. -Tad |
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02-09-2004, 02:30 PM
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| Re: Catch-up Roth Contributions "Freddie" <blaster464[at]gimail.af.mil> wrote in message news:9c272729.0402090500.67a0a65[at]posting.google.com... - quote - > I'm not terribly up to date on the rules relating to Roth IRA
You can make a contribution for 2003 prior to April 15 of this year. Be sure> contributions, could someone please tell me if I can make > contributions to my Roth for previous years missed (i.e. I opened it > and made maximum contributions in 2000 and 2001, but made no > contributions in 2002 nor 2003. your IRA company knows this money is for 2003, so you can still make one for 2004. You have lost the opportunity to make a contribution for 2002. Elizabeth Richardson |
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#-1
02-09-2004, 12:09 PM
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| Catch-up Roth Contributions I'm not terribly up to date on the rules relating to Roth IRA contributions, could someone please tell me if I can make contributions to my Roth for previous years missed (i.e. I opened it and made maximum contributions in 2000 and 2001, but made no contributions in 2002 nor 2003. Appreciate your insight Freddie |
| Tags |
| catchup, contributions, roth |
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