Re: Roth IRA questions..
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Another question, if I already maxed 2006 but have another 4k ready to deposit in my Roth IRA for year 2007, can I do it on Jan. 1-2 of 2007? Or do I need to wait until I technically 'earn' another 4k after taxes for 2007?
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You can deposit on Jan 1. If you end up with less earned income, or if you earn too much income to qualify, you can undo your contributions (plus/minus investment returns) to fix it.
-Tom
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And in fact, this is a super smart move that not many people take advantage of.
I try to contribute Jan 1 of every year.
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