| I want to open up a Roth IRA. It says the deadline for a given year is April 15. Does this mean I can put $5,000 in my account today, and then on April 16, I can start adding money again (for the 2013 year)? |
| Correct. I use T.Rowe Price, but Fidelity and Vanguard are awesome too. |
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Through April 15, 2013 you can contribute for the 2012 tax year.
From Jan 1 2013-April 15 2014 you can contribute for the 2013 tax year. The 2012 contribution limits are $5000 if you are under 50, and $6000 if you are 50 and over. The 2013 contribution limits are $5500 if you are under 50, and $6500 if you are 50 and over. So if you are age 35, you can put $10,500 into a new account today, and meet your limits for tax years 2012 and 2013. Vanguard. Go with Vanguard. So today you can open an account with $ |
| Go with Vanguard +1 |
| Thanks everyone! |