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Last Roth IRA 2013 Contribution... (Deadline Soon!)

April 9th, 2014 at 10:07 am

I had a short term CD mature a couple days ago, which I decided not to renew. I used part of the proceeds to make the last of the 2013 tax year IRA contribution. The remainder will go into a couple online savings accounts.

I usually make all the IRA contributions during the current tax year, but I got behind last year. My 14 year old car starting needing some serious repairs, so I decided to trade it in for a 2010 model (no more brand new cars for me).

I did a larger than required down payment, because I wanted to get the monthly payment lowered. My high FICO score allowed me to qualify for a 1.99% loan from a local credit union, so that all worked out great for the auto situation, but left me a little short on the IRA situation.

3 Responses to “Last Roth IRA 2013 Contribution... (Deadline Soon!)”

  1. snafu Says:

    It all counts no matter the date of the IRA contributions possibly affecting a small amount of tax. I'm presuming you capture any employer contributions since it's Free money. Good idea to check holdings to review fees and MERs.

    Kudos for managing your finances so well your FiCO qualifies you for a 1.99% auto loan. What car did you buy? Today the news is a series of auto recalls.

  2. Dental Floss Tycoon Says:

    It's a 2010 Hyundai Elantra, and it's been great, dependable transportation. Gas mileage has been running about 28 mpg to and from work. I'm happy with it so far.

  3. creditcardfree Says:

    Great plan getting your contribution in! Excellent choice on your used vehicle and low interest rate.

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