Comments on: Economic Stimulus Payment Directly Deposited into IRA Accounts?

By: Paid Estimated Taxes, Who Sold Their Car? @ The Roundup

Paid Estimated Taxes, Who Sold Their Car? @ The Roundup — Mon, 16 Jun 2008 16:04:06 +0000

[...] Sun’s Financial Diary: Sun offers more thoughts about the economic stimulus payment. Will you spend it or save [...]

By: Friday Finance Findings for June 13th : Generation X Finance

Friday Finance Findings for June 13th : Generation X Finance — Sat, 14 Jun 2008 14:34:48 +0000

[...] Economic Stimulus Payment Directly Deposited into IRA Accounts? – This wasn’t a widely discussed topic, but you are able to have your rebate check deposited into your IRA. What I have heard, was actually a caution that it can create a problem if you make a habit to max fund, or significantly fund your IRA early in the year. The rebate could end up contributing over the limit, and then you have to fuss with the process of excess contributions. [...]

By: Sun

Sun — Fri, 13 Jun 2008 13:35:02 +0000

Steve: Thanks for pointing it out. Yes, the calculation for 20- and 30-year were wrong because the number shifted a little bit in my Excel spreadsheet. I have corrected the numbers (not that great now but still good to make the point).

By: Steve

Steve — Fri, 13 Jun 2008 13:20:22 +0000

Your math is way off for every entry in the 20-yr and 30-yr spaces.