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re: Tax Implications for a late contribution to Roth IRA?
Posted on 1/31/13 at 3:34 pm to Teddy Ruxpin
Posted on 1/31/13 at 3:34 pm to Teddy Ruxpin
quote:
Ya, you can open it before April 15 and contribute to the taxable year. I didn't do it because I was barely going to max out 2012 any ways so I didn't see the point of contributing to 2011. Of course take advantage of it if you can.
Maxed out 2012 and about to max out 2013 within the next week... Gotta figure where to put money for the rest of the year
1
Posted on 1/31/13 at 4:20 pm to Lsut81
quote:
Maxed out 2012 and about to max out 2013 within the next week... Gotta figure where to put money for the rest of the year
I'm guessing your 401k is fully funded (up to match, but if you got 17,000, congrats!) throughout the year from paycheck to paycheck?
I opened an HSA to give me another tax advantaged account to fill up. You got/can get one of those? That's another 3,250 a year you can stash and invest pretty freely depending on what bank you choose.
After that, I believe you just have to open a regular taxable investment account. I don't really know the options for people really raking it in. At that point I suppose you may have to shift your tax efficient assets into the taxable account, and vice versa. But don't depend on me for that stuff.
This post was edited on 1/31/13 at 4:24 pm
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