The deadline for funding IRAs for 2004 is coming up at the end of the week. If you haven’t maxed out your 2004 Roth IRA at $3,000 ($3,500 for anyone over 50 years old) then you have less than 72 hours to do so.
At the same time, think about fully funding your 2005 Roth IRA. The limit increases to $4,000 (or $4,500) this year. I think the market is slowly trending upward, so if you have the cash, consider investing the full amount (lump sum) instead of dollar-cost averaging throughout the year. There’s no way to predict, but I believe the market is trending upward for the year, albeit slowly.
Updated February 6, 2012 and originally published April 13, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.