can i contribute a large amount of money to my ira account?

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2007-07-17 02:35:21 · 3 answers · asked by John R 1 in Business & Finance ➔ Personal Finance

If you are under 50 years old, you can only contribute $4000 into your IRA for 2007. It goes up to $5000 in 2008.

2007-07-17 02:40:35 · answer #1 · answered by mister_galager 5 · 0⤊ 0⤋

You can contribute large amounts of money but not all of it will be tax deductable.

2007-07-17 09:39:07 · answer #2 · answered by Truth is elusive 7 · 0⤊ 1⤋

IRA or ISA?

2007-07-17 09:38:29 · answer #3 · answered by ? 7 · 0⤊ 0⤋