Ask Experts Questions for FREE Help !
Ask
    citrus8's Avatar
    citrus8 Posts: 1, Reputation: 1
    New Member
     
    #1

    Jul 17, 2005, 05:57 AM
    Minimum monthly roth ira contribution?
    For most roth ira plans, is there a minimum amount of $$ I need to contribute per month? Or can I put in as little each month as I want?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Sep 29, 2005, 11:41 AM
    Citrus8:

    Generally, there is NO monthly minimum. For 2005, the annual contribution limit is $4,000. You can contribute it all at once on April 15, 2006 (the last day you can set up a Roth IRA for 2005), or you can contribute nothing, or any amount in between.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Credit for Roth IRA contribution [ 6 Answers ]

My spouse and I are filing tax return jointly this year. Our AGI does not exceed $50,000. And we both made contribution to Roth IRA this year, $4,000 each. However, he is a full-time student. Can we take credit for the roth ira. I know he cannot. But the question if I can take credit just for my...

Charity contribution [ 4 Answers ]

I have learn so much by reading post here. I gave charity contrybutin to my church every year. I would like to know how is it firgure(formula) How much is allowed each year. Does it affect how much I pay in taxes and what is the cutoff where it does not matter how much I gave. Thank,I...

Roth Ira Transfer [ 1 Answers ]

I would like to open a Roth IRA 6 Month CD account. After the CD matures, how do I move the funds to another Bank if the rates are better elsewhere without triggering a taxable/penalty event? Thank you , Rich

401K Contribution Timing [ 2 Answers ]

I have an employer who has been deducting my 401K contributions from each paycheck since March of this year. None of these deductions are showing up in my 401K account on the third party administrators website and they don't know anything. I've trolled the IRS website, but have not been able to...

New minimum monthly credit card payment changes Oct. 1st, 2005 [ 1 Answers ]

Just a heads up to everyone that carries a balance from month to month on their credit cards. On Oct. 1, 2005 the minimum monthly payment will change from 2% of your outstanding balance to 4% of your outstanding balance. An example is that if you owe say $10,000.00 your current minimum payment is...


View more questions Search