Togo Posted February 16, 2007 Share Posted February 16, 2007 if i open a new roth IRA can i "back fund" the IRA per IRS rules - cash contributions up to $3k per year for tax years 2002 through 2004, $4K per year for tax years 2005-2007 so since i didn't ever open or fund one - and as far as i can remember, you can amend your tax returns up to 7 years back (and this clearly only goes 5 years back) is this a possibility? me investing ~~~~~> Link to comment Share on other sites More sharing options...
Loud Pedal Posted February 16, 2007 Share Posted February 16, 2007 My understanding is that you can fund an account for 2006 up until April 15 2007, or if you have an extension, upon the filing date. I don't think you can back fund past that date though. Link to comment Share on other sites More sharing options...
Togo Posted February 16, 2007 Author Share Posted February 16, 2007 i wonder if it would be allowed with amended tax returns (although Roth IRA doesn't change the tax return in any way shape or form) Link to comment Share on other sites More sharing options...
Loud Pedal Posted February 16, 2007 Share Posted February 16, 2007 Depending on how much flexibility you want with the fund, you might consider a Roth 401K. I think you can put in about 15k / yr with that. Its very new, though and I haven't found something that I can self manage so I am still sitting on the sidelines with that one. Link to comment Share on other sites More sharing options...
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