Make the Roth contribution now for 2007 if you have not already filed your taxes. Once April 15th passes you will not be able to make up that contribution. Then between now and April 15th 2009 you can make your 2008 contribution. Even if you just put it in a money market inside the Roth that is better than not making your 2007 contribution. If you have already filed your 2007 taxes without indicating the Roth contribution, you can make this 1500 part of your 2008 contribution, then you still have 3500 left that you can contribute for this year.
You could check out the Vanguard STAR fund. The minimum is only $1000. It is a blend of fund similar to Target Retirement. You could also buy ETF versions of S&P 500, Total Bond Index, Total International Index funds. ETFs don't have minimums but do charge commissions.
|