Quote:
Originally Posted by Nick@Night
If I opened a Roth IRA today, could I fund it to the maximum and count it under 2020 contribution since it's prior to April 15th, then after April 15th fund to its maximum for 2021? Or would the account have needed to be open prior to 2021 for me to do that?
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you can fund both in full immediately. just be sure to designate which year you are contributing for.
for example, on Vanguard, if I want to make an IRA contribution, it asks me what year I'm making the contribution for. So just set 2020 for your first one and 2021 for your second one. you could fund them literally within seconds.