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| smithff33[at]aol.com (Herb Smith) wrote: - quote - > nickravo[at]earthlink.net (Nick) wrote:
So that means I can put $4k in on January 1 into my IRA,> > I turn 50 in Oct. 2005. Can I do it after Jan. 1, 2005, or > > do I wait until after my birthday, the following Jan. 1, the > > following tax year? When? And how much by the way, in > > addition to my 3k IRA contribution. > As long as you turn 50 in 2005, the "catch-up" contribution > can be made at any time during 2005. Although the catchup > amount is $500 for 2004, I believe it increases to $1000 in > 2005. even though I will be 49 on that date? Does it ever pump up to like an extra $5k at some age? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| nickravo[at]earthlink.net (Nick) wrote: - quote - > I turn 50 in Oct. 2005. Can I do it after Jan. 1, 2005, or
As long as you turn 50 in 2005, the "catch-up" contribution> do I wait until after my birthday, the following Jan. 1, the > following tax year? When? And how much by the way, in > addition to my 3k IRA contribution. can be made at any time during 2005. Although the catchup amount is $500 for 2004, I believe it increases to $1000 in 2005. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
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| I turn 50 in Oct. 2005. Can I do it after Jan. 1, 2005, or do I wait until after my birthday, the following Jan. 1, the following tax year? When? And how much by the way, in addition to my 3k IRA contribution. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| catchup, ira, whene |
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