Maxed Out Roth IRAs for 2007
I should have mentioned earlier that our Roth IRA accounts have been maxed out ($4,000 in contributions to each account) for the year. Back in June I made the final contributions to both of our accounts, much ahead of schedule. I had expected to put in equal amounts of contributions each month for the entire year — but I guess I became a little trigger happy.
Of course, the accelerated contributions may be paying off because of the tremendous performance of the stock market. If everything related to the market continues smoothly for the remainder of 2007, this move will have paid off.
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