
How much of my paycheck should I contribute to an IRA?
I used to have a 401 K through the company I worked for before and turned it into a rollover IRA when I left. I am 22 and would like to know what percentage of my paycheck would be ideal to deposit into my rollover IRA account. The company that I work for does not offer a 401K or matching.
$4000 this year and you’ll have up til 4/15/08 to contribute for 07. But try to contribute the full amount for 07 ASAP and then start on your 08 contribution which will allow you to contribute $5000.
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