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Yakk · 12-06-2006, 01:36 PM

Some data:
http://www.irahelp.com/cgi-bin/forum...ames/read/3806
http://beginnersinvest.about.com/cs/...ntribution.htm
http://retireplan.about.com/od/rotha.../iravsroth.htm

It looks like the contribution is summed up over both.

I can't see it as possible to contribute 4000$ to both of them. There appears to be a 6% penalty for overcontribution amounts if you aren't fast enough in pulling it out. There are other penalties if you withdraw "earnings".

12-06-2006, 01:36 PM	#2 (permalink)
Yakk Wehret Den Anfängen! Location: Ontario, Canada	Some data: http://www.irahelp.com/cgi-bin/forum...ames/read/3806 http://beginnersinvest.about.com/cs/...ntribution.htm http://retireplan.about.com/od/rotha.../iravsroth.htm It looks like the contribution is summed up over both. I can't see it as possible to contribute 4000$ to both of them. There appears to be a 6% penalty for overcontribution amounts if you aren't fast enough in pulling it out. There are other penalties if you withdraw "earnings". __________________ Last edited by JHVH : 10-29-4004 BC at 09:00 PM. Reason: Time for a rest.