Just Wondering wrote:
On 8/21/2012 6:49 AM, Han wrote:
Romney has amassed over 100 million in an IRA. Supposedly IRAs are
limited to something like $6000/year in contributions.

Wrong. Any IRA cap is only on tax-free contributions. You can put as
much over that into an IRA as you please, it's just that only the
amount up to the cap is untaxed.

Be sure to let the IRS know.
http://www.irs.gov/publications/p590...link1000230381

--

dadiOH
____________________________

Winters getting colder? Tired of the rat race?
Maybe just ready for a change? Check it out...
http://www.floridaloghouse.net