 What are the best stocks to buy for under 10 dollars per share? |
| I'm new to trading stocks and am looking to start small and build my "bankroll."... |
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 Is the "buy and hold" investing method a good one? |
It seems that in the long run, stock prices don't really increase a lot because of all the ups and downs.
At what point do you sell your stocK? A ten percent return?... |
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 Is day trading a myth or is it possible? |
| I also wanted to know if their were any legit books out there that teach what to look for when investing in stock I dont want a book that promises alot of ridiculous things.... |
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 Mutual funds going down the drain, help!? |
AIVSX, AMECX, CAIBX. I have these, they are all suffering badly, as I am sure all or most are.
Any advice?... |
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 I have $100/month. Where can I get 13% return/month SAFELY? |
| Investing is prefered, but selling something is ok too.... |
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 Do you make money in the stock market? |
| how much do you make and what is your strategy.... |
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 O.k. don't laugh at me, this is serious!? |
Almost 10 years ago, as a High School graduation present to myself, I took $500.00 of my savings and invested in the stock market.
Heres' the deal though, I dont remember where I put it!
... |
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 Why do people invest in the Stock Market? |
What is the reason why people invest in the stock market?
Specific details or a website would be fine too.
Thanks.... |
|
 In Jamaica is the US money wroth more? |
| If i have a thousand in the US and went to Jamaica would my money worth alot more? I wont to know would I be rich in Jamaica with hundred or five dollar?... |
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| How does a company benefit by paying a dividend on its stock? |
| Why should it pay me 10 cents a share just because I own some stock? I don't get it.... |
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| Verify my long stock investment strategy for $100K? |
I have $100K to invest in the market (it's my retirement pensioin), I'm 46 yrs old.
1)Thinking NO mutual funds
2) Diversify between:
-Banks (financial) say ticker "TD.T... |
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 Which is better forex or stocks? |
| please tell me from your own experience, did any of you make a good deal of money from either.... |
|
 What is the best form of investment? |
I have a sum of money and I am not sure where to invest it. What should I do with it? Invest in stock? Gold? Currencies?
T... |
|
 How should I fund my retirement? |
| I do not have an employer sponsered retirement plan. They do not offer a 401(k) or anything similar. Now that I'm 30, something just clicked and it scared me to death. I need to begin saving ... |
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bbjay20 | If I begin investing in an IRA today, can I deduct it on my 2006 tax return? |
Assuming I open an IRA today and make monthly contributions, is the amount I contribute before 4/15 deductible for my 2006 return??
Additional Details
Also, when starting the IRA and making my first contributions, do I have to elect somewhere that those amounts will be for 2006? Or is any amount contributed prior to 4/15/07 considered deductible for 2006??? |
 |
 
Doing the Right Thing
|
You can only make deductions in the year in which you make contributions. Since you did not open a Traditional IRA in 2006, you contributions are not tax deductible for tax year 2006. If you open a Traditional IRA now, your contributions are tax-deductible for tax year 2007. You can make tax deductible contributions for 2007 to your Traditional IRA on the day you open it until April 15, 2008. For tax year 2008, you can make tax deductible contributions from January 1, 2008 to April 15, 2009. So, if you are investing between Jan 1 to April 15, make sure you check the right box on the application on which year you are contributing to.
Remember, any contributions you make tax-deductible will be taxable when you withdraw it. |
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ny2fl
|
you may deposit your contribution up until 4/15..be sure the investment company codes the contribution as 2006. it is fully deductible. |
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ropman1
|
yep, just do so before 4/15/07. |
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whatevit
|
Please double check, I think the answer is YES: |
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The other GUY
 |
YES you can contribute to 2006 tax return until April 15th, 2007.... |
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smm1974
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You can make contributions to your 2006 IRA until 4/15/07
http://www.wwwebtax.com/adjustments/iras.htm |
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SmittyJ
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Assuming you are eligible you can make a contribution to your Traditional or Roth IRA for 2006 up unitl the 15th of April 2007 but you do not receive a tax deduction for a contribution to a roth IRA. Regarding your follow up question, it's the deposit to the traditional IRA which makes the contribution eligible for the deduction...it does not matter whether it simply sits in a cash account or whether it is invested in stocks, bonds, etc. |
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nighthawk
 |
YES! |
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Feeling Mutual
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Yes, if you contribute to a Traditional IRA, not a Roth IRA, and you are not already contributing to another pre-tax retirement plan. |
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Kanatani
 |
You should be able to invest in IRA until 04/16/07 of this year. Verify with your tax planner though. Depending on the amount you earn, you may not be able to deduct that investment on your tax return. |
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