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maxed the IRA's

March 9th, 2013 at 10:08 pm

This week I sent in $6000 to each of our IRA's. I figure it will help out with our taxes! I had to take money out of a mutual fund in December to help finish up the spec house. It is the first time I have ever taken money out, so I know I will have to pay capital gain tax on the money.

Posted in saving | 3 Comments »

3 Responses to “maxed the IRA's”

  1. scfr Says:
    March 10th, 2013 at 12:39 am 1362875947
    1362875947

    Good job on the IRAs.

  2. BuckyBadger Says:
    March 10th, 2013 at 08:25 am 1362903948
    1362903948

    The max you can contribute to an IRA is $5500 in 2013 and only $5000 in 2012.

  3. Petunia 100 Says:
    March 10th, 2013 at 04:52 pm 1362934348
    1362934348

    Yay for maxing your IRAs. Smile

    Bucky, Ima and her spouse have both reached the age of 50, so their contribution limit is 6k for 2012.

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