- Joined
- Feb 13, 2001
- Messages
- 1,343
- Reaction score
- 9
I had planned to open a Roth once I start residency (whether I can max it out is another story). I know that you need to have earned/paid taxes on the money you contribute, but it also occurs to me that it shouldn't matter what point in the year you earn it.
After confirming that Vanguard/Fidelity does not need employment information to open an account, I'm tempted to open one and begin contributing now (I have some extra cash). Is there any reason I couldn't do this? After all, six extra months of growth is six extra months. I just don't want to end up paying penalties to the IRS...
After confirming that Vanguard/Fidelity does not need employment information to open an account, I'm tempted to open one and begin contributing now (I have some extra cash). Is there any reason I couldn't do this? After all, six extra months of growth is six extra months. I just don't want to end up paying penalties to the IRS...