How do you contribute to a ROTH IRA?

Answer 1

You can set up a Roth IRA account at several locations. You may choose a bank, brokerage firm, insurance company, etc. Once the account is set up you need only to determine how much you can contribute each year based on your eligible income. That amount can be determined with the help of your tax professional. Then, you decide when you want to make the contribution and write a check made payable to the source you have chosen to administer the account. Make certain you have clearly indicated the purpose of the contribution and the tax year for which the contribution is made. Most people who work for a living, or have a spouse who works for a living, can contribute to a Roth IRA. Your most important task is to take care to obtain your information from bona-fide professionals who can provide the CORRECT information.