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Ask the Money Doctor

Question for the Money Doctors

Question submitted on Jan 25, 2012.

Question

To file 2011 taxes, can you still put $5,000 in Rother IRA?

Answer

Deadline for funding a 2011 Roth IRA is April 17, 2012. If you are under 50, you may contribute a maximum of $5000, if you are 50 or older, you may contribute up to $6000.

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