Catch-up Roth Contributions


F

Freddie

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
 
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E

Elizabeth Richardson

Freddie said:
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.
You can make a contribution for 2003 prior to April 15 of this year. Be sure
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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F

Freddie

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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