Author Topic: Opened Roth IRA on cusp of tax deadline.  (Read 1273 times)

Write Thyme

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Opened Roth IRA on cusp of tax deadline.
« on: April 15, 2015, 09:04:05 PM »
We opened a Roth IRA through Vanguard. We selected it to go towards 2014. However, they haven't verified our bank account yet. Are we out of luck?

MDM

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Re: Opened Roth IRA on cusp of tax deadline.
« Reply #1 on: April 15, 2015, 09:22:26 PM »
If you write a check dated today and get it postmarked today (not as easy as it used to be - see http://www.gobankingrates.com/personal-finance/guide-tax-day-post-office-hours-last-minute-filers/) then it would count for 2014.  Good luck!

Write Thyme

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Re: Opened Roth IRA on cusp of tax deadline.
« Reply #2 on: April 15, 2015, 09:42:12 PM »
If you write a check dated today and get it postmarked today (not as easy as it used to be - see http://www.gobankingrates.com/personal-finance/guide-tax-day-post-office-hours-last-minute-filers/) then it would count for 2014.  Good luck!

Thanks for the info! I didn't know about this. It's too late to go this route though. Dang.



According to Vanguard's site under contributions it shows our account under 2014. If we pretend to make a purchase it will only let us less that amount.

*facepunch*

burly

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Re: Opened Roth IRA on cusp of tax deadline.
« Reply #3 on: April 16, 2015, 04:31:50 PM »
I believe submitting you request for the EFT transfer is kinda like dating the check and postmarking... I did mine on the 14th and was invested on the 15th.

I don't think vanguard will let you contribute if it wont hit in time... Only exception being if the EFT bounces I assume?