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03-12-2006, 01:20 PM
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Max Roth IRA Contribution
Quick question on roth IRAs....
Say I have $8,000 to invenst... Can I invest it all into a Roth IRA today. $4,000 for tax year 2005 $4,000 for tax year 2006. In essentially one transaction? Or do I have to wait until Apr. 17th to make the 2006 contribution? 
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03-12-2006, 04:03 PM
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Re: Max Roth IRA Contribution
If you qualify for ROTH then the answer is yes. However, you may have to write two checks and use two deposit slips for each year.
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03-12-2006, 04:24 PM
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Re: Max Roth IRA Contribution
Yes, but like russell says, it has to be two seperate transactions!
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03-12-2006, 08:02 PM
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Re: Max Roth IRA Contribution
It's been a few months since I've used Vanguard's Roth IRA contribution feature, but I believe they do allow you to distinguish which year you are making the contribution for on their website, so no need to do a phone call or mail for your Roth contributions.
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03-16-2006, 08:23 AM
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Re: Max Roth IRA Contribution
They do. I just did my '05 and they the '05 box you can enter the amount in, or the '06 box. You have to love their simplicity.
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