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re: Roth IRA Question
Posted on 4/1/14 at 3:27 pm to AintBigButItsPretty
Posted on 4/1/14 at 3:27 pm to AintBigButItsPretty
quote:
So contribute to the back year even if your taxes are done for 2013? Does this effect anything?
Yes, contribute to the back year even if your taxes are done.
ROTH contributions are from money that has already been taxed, so it wouldn't affect your taxes since you've already paid them on that money.
This post was edited on 4/1/14 at 3:28 pm
1
Posted on 4/1/14 at 3:35 pm to Teddy Ruxpin
quote:
Yes, contribute to the back year even if your taxes are done.
ROTH contributions are from money that has already been taxed, so it wouldn't affect your taxes since you've already paid them on that money.
Awesome thanks. So I've been doing some beginner research and it looks like everything is slightly down. Should I wait to see what is up or just put down my $3000 and get started before April 15th? Was looking at Star and a few Vanguard Target Funds with a 0% expense ratio and min $3000 investment.
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