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Is January 2, 2008, the earliest date that I can fund my 2008 IRA?


I am an unemployed spouse and have both individual (taxable) and IRA accounts with TD Ameritrade and would like to transfer proceeds from sale of stocks from my taxable account into my IRA account for my 2008 IRA contribution. Taking into consideration the "catch-up" clause, what would be the maximum contribution for a non-working 58-year old spouse with a household income of approx $100K?

Yes, 1/2 is the earliest date unless your broker is open New years day.

The max contribution for someone over 55 is $6,000 in 2008 for someone with your age and income. (Assuming tax AGI is less than $100k)

-->Adam

Yes to Adam L. Also make sure that your broker notes that it is a 2008 contribution since you have until April 2008 to max out 2007 IRA contributions.

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